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The Latest Breaking News from Tencent

Memory maker CXMT overtakes Tencent to become China's most valuable company 17 days after its IPO — now worth $524 billion

ChangXin Memory Technologies (CXMT) is now the world's most valuable Chinese company after passing Tencent.

Tom’s Hardware

Vibe-coding startup Lovable raises $400 million at $13.3 billion valuation

Vibe-coding startup Lovable raises $400 million at $13.3 billion valuation

Menlo Ventures and the EQT-managed Scaleup Europe Fund co-led the round. Tencent, Balderton Capital ‌and other ⁠new ⁠investors from Europe, Latin America and Asia also participated.

The Economic Times

New AI rules leave Chinese users mourning their virtual boyfriends and girlfriends

New AI rules leave Chinese users mourning their virtual boyfriends and girlfriends

ByteDance, Alibaba and Tencent have pulled their AI companion apps after Beijing introduced rules aimed at protecting users' mental health and preventing emotional manipulation, particularly among children and teenagers.

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Forget DeepSeek. China's real ‘Sputnik moment’ is happening on campus as American universities lose their advantage

China's tech rise runs deeper than any single breakthrough. Its universities generate critical technology patents at 8x the U.S. rate

Tencent's cyberpunk rival to Grand Theft Auto is in trouble as its developer lays off 80 people

Lightspeed LA says it will "shift the creative and development direction" of Last Sentinel.

Tech Brief (July 31): ByteDance Reshuffles Workplace Tool Feishu in AI Push

Robotics startup Unitree launches $620 million STAR Market IPO, Zhongji Innolight slides in Hong Kong debut following $7 billion IPO

TSMC and Tencent break into the top 100 of the Fortune Global 500 list, as Asia rides the AI boom

Here's who's rising, and who's debuting, from Asia on this year's Global 500, Fortune's ranking of the world's largest companies by revenue.

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Memory chipmaker CXMT sees shares surge 466%, becomes one of China's most valuable listed companies right below Tencent

Memory chipmaker CXMT sees shares surge 466%, becomes one of China's most valuable listed companies right below Tencent

'It's hard to say the optimism is sustainable.'

China's memory chip makers ride AI boom to new power, US scrutiny

China's memory chip makers ride AI boom to new power, US scrutiny

Chinese chipmakers CXMT and YMTC are now dictating memory chip prices globally. These companies are securing significant deals with major Chinese tech firms. Both firms are preparing for blockbuster initial public offerings soon. They face scrutiny from the United States over military ties and market power. Expanded manufacturing capacity aims…

The Economic Times

3 Hong Kong AI Stocks to Buy Now If You Want to Invest Like Michael Burry

3 Hong Kong AI Stocks to Buy Now If You Want to Invest Like Michael Burry

Michael Burry is turning bullish on beaten-down Hong Kong AI stocks, JD.com, Alibaba, and Tencent, which could offer compelling long-term upside as the AI race enters its next phase.

Final Fantasy 14's attempt to take the MMO mobile is over before the world even gets the chance to see it

Final Fantasy 14's attempt to take the MMO mobile is over before the world even gets the chance to see it

A Realm Re-gone.

'He Really Is Like My Family, Like My Lover': China's AI Rules Trigger Digital Breakups

'He Really Is Like My Family, Like My Lover': China's AI Rules Trigger Digital Breakups

China's AI rules forced major tech groups to remove chatbot companion features, prompting thousands of farewell posts.

International Business Times UK

Markets may have just experienced their second DeepSeek shock, this time thanks to a Chinese AI lab named after a Pink Floyd album

Markets may have just experienced their second DeepSeek shock, this time thanks to a Chinese AI lab named after a Pink Floyd album

K3 might undermine the conventional wisdom that U.S. firms can maintain their extended lead by simply outspending Chinese competitors on computing power.

Square Enix just killed Final Fantasy 14's mobile port before it could even launch globally, offering "sincere apologies for being unable to meet your expectations"

Square Enix just killed Final Fantasy 14's mobile port before it could even launch globally, offering "sincere apologies for being unable to meet your expectations"

"Due to adjustments in business operations…"

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Business Brief (July 16): DeepSeek Said to Prepare for IPO

Tencent integrates its AI assistant with JD.com, tech and EV sectors drive a surge in China’s power consumption

The Economic Times

US official says Nvidia has begun shipping powerful H200 AI chips to China

In May, ⁠Reuters reported ⁠the Commerce Department had cleared around 10 Chinese firms to buy the H200, but no deliveries had been made at the time. Sources said at the time that Alibaba, Tencent and ByteDance were among those approved.

Tom’s Hardware

US gov't allows Chinese telecom giant ZTE to purchase Nvidia H200 AI chips — firm joins Alibaba, Tencent, and ByteDance in access to Hopper tech

The United States has licensed Chinese telecom giant ZTE to purchase restricted Nvidia H200 AI chips, but Chinese regulators and domestic procurement initiatives may limit the material impact of the change.

Ubisoft promises new Assassin's Creed, Far Cry, and Ghost Recon games are coming, but says this year will be 'quieter' than most

Please be patient.

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Tencent Is Eyeing a Major Investment in AI Startup Manus. What That Means for TCEHY Stock Here.

Tencent could be on the verge of its biggest AI move yet, with a potential $2 billion-plus investment in Manus.

id Software producer says 'you'll never get another WoW or Morrowind in the current climate' in the wake of Xbox layoffs

"These large publishers and monopolies have proven themselves terrible stewards."

International Business Times

China's AI Race Is Producing New Winners. Goldman Sachs Says A Few Models Are Pulling Ahead.

China's rapidly expanding artificial intelligence sector is beginning to produce clear leaders as companies compete to improve large language models and expand enterprise adoption.

Tech Brief (July 13): Tencent Expands AI Computing Capacity After Hy3 Demand Surge

Chinese AI developer MiniMax raises HK$16 billion, Xiaomi cuts jobs across divisions as earnings come under pressure

Tom’s Hardware

Tencent is reportedly in talks to acquire Manus from Meta, following Beijing intervention — company expects to remain independent of Chinese tech giant

Tencent is in talks with Manus and other investors to raise the $2 billion needed to buy back the startup from Meta. Beijing ordered the two companies to unwind the deal six months after the surprise announcement of its purchase.

The Economic Times

ETtech Explainer: How the Meta-Manus deal came apart, and Tencent moved in

Chinese regulators ordered Meta to reverse its $2 billion acquisition of the company. Tencent is working with Manus' early investors, including ZhenFund and HSG, to buy the company back from Meta for at least $2 billion.

The Economic Times

Global Market | Tencent explores stake in AI Startup Manus after China challenges Meta deal: Reports

Tencent is in talks to become the largest shareholder in AI startup Manus as investors seek to buy back the company from Meta after Chinese regulators ordered the US tech giant to unwind its $2 billion acquisition. The proposed deal would reshape Manus' ownership amid heightened regulatory scrutiny of cross-border…

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