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Tencent is aiming to doubles down on artificial intelligence development and infrastructure

Tencent to boost AI spending after beating Q4 estimates

Chinese technology giant Tencent said today it would boost capital expenditure in 2025, as it doubles down on artificial intelligence development and infrastructure.

Business • 19 Mar

The Hong Kong-listed shares of Tencent, the parent of Chinese instant messaging app WeChat, fell 7.3% today

US adds Tencent to firms allegedly aiding China military

The US Defense Department has added Chinese tech giant Tencent Holdings and battery maker CATL to a list of companies it says work with China's military, in a move set to escalate US-China tensions.

Business • 07 Jan

Shares in Ubisoft, the maker of "Assassin's Creed", had surged over 30% on Friday

Ubisoft shares rise as it reviews strategic options

Shares in Ubisoft Entertainment rose by as much as 5% this morning after the video game maker issued a statement saying it was reviewing its strategic options.

Business • 07 Oct 24

Tencent has posted its biggest profit decline since the company went public in 2004

Tencent reports Q1 profit slump, no revenue growth

China's Tencent has posted a quarterly profit that halved from a year ago and recorded no revenue growth, its worst performance since it went public, and warned that advertisers in consumer, eCommerce and travel businesses have slashed spending.

Business • 18 May 22

Brothers James McCarthy, CCO of Flipdish and Conor McCarthy, the company's CEO

Europe's newest unicorn Flipdish hits $1.25bn valuation

Irish food-ordering platform Flipdish has raised $100m in new funding, which gives it a valuation of $1.25 billion.

Business • 13 Jan 22

After its fine, Tencent said it would actively rectify operations and provide the regulator with timely reports on deals in future

12 Chinese firms fined for violating anti-monopoly law

China's market regulator said today it had fined 12 companies related to 10 deals which it said had violated anti-monopoly rules.

Business • 12 Mar 21

Nintendo said 'Pokemon' and 'Super Smash Bros' gave it an extra boost for the year

Nintendo's full-year profit up 40% on strong game sales

Nintendo said today that its full-year net profit jumped nearly 40%, lifted by strong sales of blockbuster game titles for its popular Switch console.

Business • 25 Apr 19

Today's news follows reports dating back to 2012 that the Chinese company had invested in Snap

China's Tencent buys 12% stake in Snapchat owner

China's Tencent now holds a 12% stake in Snapchat operator Snap, the company said today.

Business • 08 Nov 17

Tencent to float publication unit

Chinese internet giant Tencent is to list China Literature, the country's biggest online publishing business, in Hong Kong with a report saying it could raise as much as half-a-billion dollar

Technology • 04 Jul 17

Tencent buys 5% stake in Tesla, which is headed by Elon Musk

Tesla deal boosts Chinese presence in US car tech

China's Tencent Holdings has bought a 5% stake in US electric car maker Tesla for $1.78 billion.

Business • 29 Mar 17

Supercell is the creator of
popular mobile games 'Clash of Clans' and 'Hay Day'

Tencent to buy Finnish game-maker Supercell

Chinese Internet giant Tencent has today agreed to buy Finnish game-maker Supercell, creator of "Clash of Clans", from Japanese mobile giant SoftBank for $8.6 billion.

Business • 21 Jun 16

Tencent