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TENCENT CONTRIBUTION
ETtech Deals Digest: Startups raise $225 million in second week of June, up 22% on-yearStartups secured $225 million in funding across 19 rounds during the second week of June, a 22% year-on-year increase. Hygenco Green Energi...- Mygate closes Rs 225 crore deal with Dharana CapitalHousing society management platform Mygate has secured Rs 225 crore in a funding round led by Dharana Capital. The deal, which includes pri...
- Where Zepto stands in q-comm; H-1B relief kicks inHappy Wednesday! Zepto's IPO filing reveals where it really stands against Blinkit and Instamart. This and more in today’s ETtech Morning D...
- Explained: How AI mania has thrown India Inc out of MSCI EM's top 10 and world's top 100 listIndian companies are no longer in the top 10 of the MSCI Emerging Markets Index. A surge in AI stocks has shifted global capital. Taiwan an...
- China's Tencent to allow PayPal payments through its WeChat networksChinese tech giant Tencent is enabling PayPal users to pay with QR codes across China through its WeChat Pay network. This move aims to att...
- ‘Need a Neeraj Chopra moment in esports’: Nodwin Gaming founder Akshat RatheeIndia seeks a global esports victory to boost its standing. Experts emphasise skill development and a robust ecosystem. Tencent's investmen...
- Tencent bets on India’s creator economy with Rs 10 crore gaming and animation pushTencent is investing significantly in India's creative industries. The company will fund skill development and training programs for animat...
- 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...
- Chinese billionaire overhauls AI startup after warning on ManusFollowing Meta's Manus acquisition fallout, MiroMind founder Chen Tianqiao is implementing strict firewalls between his Chinese and US busi...
- Tencent Q2 Results: Revenue rises on gaming business recoveryChina's Tencent Holdings reported an 8% rise in second-quarter revenue on Wednesday, driven by a recovery in its gaming business after a la...
- Tencent's 'Dungeon & Fighter' game dominates China's mobile download chartsIndustry experts Liam Mo, Casey Hall, and Miyoung Kim shed light on Tencent's strategic gaming moves and revenue challenges, unveiling the ...
- Tencent-backed AI chip startup Enflame raises $2.7 billion from state-linked investors, othersThe deal came as the development of generative AI, boosted by the success of OpenAI's ChatGPT, raises investor interest in companies workin...
- South African tech investor Naspers' profit slumps on lower Tencent contributionNASPERS-S.Africa tech investor Naspers' profit slumps on lower Tencent contribution
- Prosus posts $617 million ecommerce trading loss, H2 sees improvementNet profit fell to $10 billion from $18.6 billion, mostly due to a worse performance by Chinese software giant Tencent, in which Prosus own...
- Tech investor Prosus flags sharp drop in full-year profitThe company said earnings from consolidated businesses in the second half of the year had been stronger than in the first six months, and t...
- Tencent offloads 2% stake in PB Fintech for Rs 562 croreTencent sold the shares for Rs 596.6 a piece, roughly 39% below PB Fintech’s IPO price of Rs 980. As per the latest transaction, Tencent's ...
- Tencent says focus on cost-cutting, core business after first revenue fallThe world's largest video game company and operator of the WeChat messaging platform posted revenue of 554.55 billion yuan ($81 billion) fo...
- Tencent shares fall after China tightens rules for young video gamersJefferies analysts said on Monday that they expected to see about a 3% impact to Tencent's earnings from the new rules, assuming gaming con...
- Tencent's Timi gaming studio generated $10 billion in 2020, sources sayThe $10 billion would make Timi the world's largest developer, the sources say. It also provides a hefty basis for its ambitions to move be...
- Tencent may back Oyo with $2 billion tagSources briefed on the matter said Oyo has held discussions with other Chinese strategics and a few financial investors as well for the fun...
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