Tencent Holdings Ltd Stock News

China has required Tencent Holdings submit any new apps or updates for inspection before they can be uploaded, according to a report.

China has suspended Tencent Holdings from updating its existing apps or launching any new apps as part of a temporary administrative guidance against the tech giant, Chinese media outlets including Shanghai-based Chinastarmarket.cn, reported.According to the report, Chinas Ministry of Industry and Information Technology has told app stores and platforms to implement the order against Tencent apps from Wednesday in a harsh administrative punishment against the tech giant, which runs dozens of

The Chinese online video market is dominated by three players - Tencent Video, iQiyi, and Youku Tudou. In terms of day seven retention ratio, Tencent Video was the most successful platform, achieving that 56.7 percent of paying users and 47.4 percent of non-paying users still use the app after seven days of installation. The user rentention ratio reflects the quality level of an app or a platform and user experience.

Chinese regulators extend their antitrust crackdown to the banking sector with a fine against shareholders of a virtual lender. The shareholders of Chinese virtual lender AliBank China Citic Bank (70 percent) and a Baidu unit called Fujian Baidu Bo Rui Netcom (30 percent) have been fined 500,000 yuan ($78,280) over a violation of the countrys anti-monopoly law, according to a statement from the State Administration for Market Regulation (SAMR). SAMR issued the fine over the failure to report the AiBank joint venture ahead of its formation in 2015. The penalty was part of a broader batch of more than 40 cases with fines issued to other tech firms outside of the banking sector such as JD.com, Tencent, Baidu, ByteDance and Alibaba. Digital Banking in China AiBank is an artificial intelligence-focused lender that leverages related capabilities from search engine giant Baidu. It is one of five licensed digital banks in China and the only one with a state-backed shareholder in Citic. According to research by McKinsey released in January, Chinese digital banks own roughly 5 percent of the countrys 5 trillion yuan unsecured consumer loan market and over 7 percent of the SME loan market.

NetEase Inc (NASDAQ: NTES) launched the Hong Kong initial public offering (IPO) of its music business, Cloud Village, to raise a maximum of $519.6 million (HK$4.04 billion). Cloud Village will offe

Hong Kong FinTech Week (HKFW) 2021 ended on November 5, closing a global conference exploring an array of business opportunities for the fintech industry in Hong Kong and across the Guangdong-Hong Kong-Macao Greater Bay Area (GBA). The Week, which featured renowned speakers from around the world, revealed several key policy announcements and put a spotlight on Hong Kong as the destination for fintech start-ups and scale-ups to expand business in Asia. The five-day event championed "Scaling FinTech Future Together", a celebration of Hong Kong as an attractive hub for start-ups and scale-ups in the region, and a showcase of exciting fintech collaboration. HKFW attracted over 20 000 attendees. The conference was host to over 300 speakers, more than 400 exhibitors, and 39 international delegations and representatives. Twenty-seven satellite events and thousands of business meetings were arranged through the event and via the online platforms. This was the first HKFW in a hybrid format, drawing more than four million online views and providing a seamless experience to worldwide audiences from 87 economies to learn more about the city''s fast-growing fintech ecosystem.

DUBLIN--(BUSINESS WIRE)--The "Global Battle Royale Game Market: Size & Forecast with Impact Analysis of COVID-19 (2021-2025)" report has been added to ResearchAndMarkets.com''s offering. The report provides an in depth analysis of the global battle royale game market by value, by, platform, by business model, etc. The report also provides a detailed analysis of the COVID-19 impact on the battle royale game market. A multiplayer online video game category that integrates the hunt, investigati

HONG KONG , Nov. 22, 2021 /PRNewswire/ -- Tongcheng-Elong Holdings Limited (" Tongcheng-Elong " or the " Company ", collectively called the "Group" with its subsidiaries, Stock Code: 0780.HK), an innovator and leader in China''s online travel industry, announced its unaudited consolidated results for the three months ended 30 September 2021 (the " Reporting Period "). Since the outbreak of COVID-19, China''s travel industry has been volatile under significant pressure brought by uncertainties. While calmly coping with the pressure, Tongcheng-Elong has paid particular attention to the opportunities behind it and continued to strengthen its capabilities. By leveraging competitive advantages such as diversified traffic sources, solid market position, outstanding product innovation and flexible operation strategies, Tongcheng-Elong strove to contribute as much as possible to the recovery of the travel industry and the development of the society. During the reporting period, the Company''s revenue reached RMB1,939.4 million , with a 1.3% year-to-year increase.

The company''s diverse ecommerce portfolio has grown significantly over the past few years and is now nearing $50 billion in value.

South African fintech firm Ozow has raised a US$48 million Series B funding round led by Chinese internet giant Tencent.

Naspers first-half profit climbed 11%, driven by a large contribution from Chinese Internet giant Tencent.

JOHANNESBURG (Reuters) South African technology investor Naspers Ltd said on Monday its first half profit climbed 11%, driven by a large contribution from Chinese internet giant Tencent in which it indirectly holds a 29% stake. Its core headline earnings per share, which strips out gains or losses from non-operational items, stood at 416 U.S. Read More

Several companies that have been ordered to pay a total of C¥21.5-million in fines by Chinas competition watchdog.

Shares of Alibaba Group Holding Limited (NYSE: BABA ), Baidu Inc. (NASDAQ: BIDU ), Li Auto Inc. (NASDAQ: LI ) and Xpeng Inc. (NYSE: XPEV ) fell in Hong Kong on Monday, while JD.Com Inc. (NASDAQ: JD ) and Tencent Holdings Inc . (OTC: TCEHY ) traded higher. Whats Moving : Alibabas shares have lost 0.5% to HKD 138.60 and technology company Baidus shares traded 1.1% lower at HKD 149.60 in Hong Kong, while tech conglomerate Tencents shares are up almost 0.5% to HKD 498.40. See Also: How To Buy Alibaba (BABA) Stock JD.Coms shares have gained 1.7% to HKD 358.20. The South China Morning Post reported that the e-commerce giant is among the four companies that will be added to the benchmark Hang Seng Index from Dec. 6. Electric vehicle maker Xpengs shares have lost 1.4% to HKD 184.60 and Li Autos shares are down Full story available on Benzinga.com

China is bringing the regulatory hammer down yet again on some of the country's largest tech firms.