Tencent revenue and profit miss on higher AI investmentTencent Holdings announced first-quarter results below market expectations. Revenue and net profit missed forecasts. Gaming revenue saw gro...
13 May, 2026, 06.49 PM IST
China tech giant Tencent sees Q1 profit jump after AI betsTencent reported a 21% surge in quarterly net profit, reaching 58.1 billion yuan, driven by significant investments in the booming artifici...
13 May, 2026, 03.24 PM IST
DeepSeek could be valued at up to $50 billion in first fundraising: SourcesChinese AI firm DeepSeek is seeking a massive valuation of up to fifty billion dollars in its first funding drive. The company aims to rais...
06 May, 2026, 08.52 PM IST
Big Chinese tech firms scramble to secure Huawei AI chips after DeepSeek V4 launchAmidst the growing competition in artificial intelligence, Chinese tech behemoths are racing to secure Huawei's Ascend 950 AI chips. The ur...
29 Apr, 2026, 12.33 PM IST
China’s Meta backlash renders Manus model ‘officially dead’Beijing's order for Meta to unwind its $2 billion takeover of AI startup Manus signals a new era of regulatory scrutiny for China's tech in...
29 Apr, 2026, 11.05 AM IST
Apple’s Tim Cook takes on crucial new role: Global ambassadorTim Cook steps into a new role as executive chairman, dedicating more time to global diplomacy for Apple. He will engage policymakers world...
22 Apr, 2026, 07.23 AM IST
China’s Netflix expects AI to create bulk of shows in five yearsIQiyi Inc. is set to transform its operations, anticipating AI will generate most films and shows within five years. The company is launchi...
20 Apr, 2026, 04.41 PM IST
Waiting for DeepSeek: new model to test China's AI ambitionsDespite reports and rumours about its imminent release, DeepSeek's next-generation "V4" model is nowhere in sight. Speculation is also swir...
09 Apr, 2026, 08.26 AM IST
DeepSeek goes down for seven hours in biggest outage since debutDeepSeek’s chatbot in China experienced a rare seven-hour outage, disrupting users overnight. The startup deployed multiple updates to fix ...
30 Mar, 2026, 12.31 PM IST
China tech giant Tencent logs 16% jump in annual net profitChinese internet giant Tencent on Wednesday reported a 16 percent jump in full-year net profit, with gaming still its main business driver ...
18 Mar, 2026, 03.10 PM IST
Apple in talks with Tencent, ByteDance to roll out AI features in China, sources sayChatGPT is not available in China and the country's regulatory requirements mandate that generative AI services obtain government approval ...
19 Dec, 2024, 11.05 AM IST
TikTok owner ByteDance's profit jumps 60% in 2023 amid worries of US banByteDance Ltd. witnessed a remarkable 60% surge in profits in 2023, surpassing industry giants Tencent Holdings Ltd. and Alibaba Group Hold...
10 Apr, 2024, 01.22 PM IST
Tencent turns to ByteDance in gaming showdown with NetEaseTencent released on Friday mobile party game "DreamStar" that it hopes to challenge "Eggy Party", a similar offering from NetEase which has...
18 Dec, 2023, 11.56 AM IST
Tencent's quarterly revenue jumps 26%, helped by online gamesProfit rose 175% in the same period to 59.3 billion yuan, largely thanks to fair-value gains in companies Tencent has invested in, and sale...
24 Mar, 2021, 04.04 PM IST
ByteDance says its video games unit will acquire Mooton TechnologyThe acquisition of the video games studio come as ByteDance, the owner of TikTok and the similar Chinese short video platform Douyin, has m...
22 Mar, 2021, 01.46 PM IST
Tencent bolsters defenses for core businesses as ByteDance muscles into its turfTikTok owner Bytedance has made sizeable inroads into business areas Tencent holds dear - including ads, gaming, livestreaming, social medi...
09 Feb, 2021, 10.55 AM IST
TikTok owner to start music service, secures rights from T-Series, Times MusicPaid music services have boosted music sales across the world, and are now the single largest source of revenue for the global record busin...
21 May, 2019, 09.20 AM IST