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The Latest Breaking News from Tencent

WeChat Lets Users Link Overseas Cards for Everyday Payments in China

Tencent’s ubiquitous platform now allows people from overseas with certain international bank cards to access tens of millions of merchants

Caixin Global

The Barbie ban and China’s hold over Hollywood

Vietnam has banned the new “Barbie” film because it features a map showing China’s claim to the South China Sea.

The Week

No Trade Is Free review: Trump’s man plots an unusually civil course

Robert Lighthizer, once US trade representative, is a rare aide of little interest to investigators. His readable book shows why

The Guardian - US

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Ant to buy back shares at 70% lower valuation than at IPO

Jack Ma-backed Ant Group Co is proposing to buy back as much as 7.6% of shares in an effort to retain talent and offer an exit for investors ensnared by a years-long regulatory crackdown at the company.

The Times of India

Chinese tech firms handed massive fines

BEIJING: Chinese regulators said on Friday they had fined the fintech giant Ant Group almost $1 billion for “illegal acts” and handed an affiliate of rival Tencent a $415-million penalty, adding that a long-running crackdown on technology companies was drawing to a close.

Bangkok Post

US Set To Restrict China’s Access To Cloud Computing Services From Amazon, Microsoft

China's access to the Microsft and Amazon will be limited as the U.S. see Chinese techologies as national security concerns.

Zenger

Meta’s China Return Hits Roadblocks Over CEO’s Image And Censorship Worries

Meta's attempt to re-enter China faces challenges due to CEO's non-friendly image and concerns over censorship rules.

Zenger

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Billionaires and bureaucrats mobilize China for AI race with US

China’s tech sector has a new obsession: competing with U.S. titans like Google and Microsoft Corp. in the breakneck global artificial intelligence race.

Tribune News Service

Chinese billionaires go all-in on AI

China’s tech sector has a new obsession: competing with US titans like Google and Microsoft in the breakneck global artificial intelligence "arms race".

Bangkok Post

Amazon sets its sights on Lord of the Rings for new MMO project

An agreement has been reached to allow Amazon Games to develop a new MMO set in the world of The Lord of the Rings.

TechRadar

Amazon is making another Lord of the Rings MMO, despite cancelling the last one

It's in the early stages of production with the New World team at Amazon Games Orange County.

PC Gamer

Xbox hasn't 'given up' on the console war — they already stopped taking part

Following Phil Spencer's comments on Kinda Funny Xcast, some of the Xbox community has taken key quotes about Xbox and its position in the console market wholly out of context in the wider debate about how Xbox measures success.

Windows Central

Weekly Must-Read: Top Chinese Digital Banks Report More Bad Loans but Higher Earnings

Ant-backed MYbank and Tencent-backed WeBank disclose higher nonperforming loan ratios amid the pandemic yet liquidity metrics remain healthy

Caixin Global

Hong Kong, c/- China

Part two of our special report on the Hong Kong international writers festival.

Newsroom.co.nz

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TechRadar

Tencent users targeted by dangerous mobile malware

ESET spots a highly targeted, advanced cyber-espionage campaign attacking Tencent users.

Barchart

Foreign Investors Remain Wary of China

Investor sentiment toward China was undercut this week after two significant foreign investors in Chinese stocks announced they were liquidating their Chinese holdings. On Wednesday, European internet giant Prosus NV registered more than $4 billion of its stake in China’s Tencent Holdings (TCEHY ) for potential sale in Hong Kong,...

Fortune

SenseTime, Alibaba announce China ChatGPT competitors

SenseTime and Alibaba both announced new A.I. services in an effort to catch up to OpenAI's offerings.

Bangkok Post

Tencent Cloud facilitates ‘China Connect’,

With its strong productivity and rapid economic growth, China is today one of the leading destinations for businesses from across the globe and full of opportunities. However, unique characteristics such as competitor and consumer behaviour and local culture and regulations, have made it critical for organisations to have an experienced…

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news in one place.

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Al Jazeera

China’s tech old guard make way for young blood in AI, crypto era

Beijing is seeking to assure tech sector that crackdown has passed amid questions about direction of regulatory policy.

Caixin Global

Opinion: Significance of Jack Ma’s Reappearance Should Not be Underestimated

Alibaba co-founder’s well-publicized visit to a local school signals a shift in China’s treatment of big tech

Asharq Al-Awsat

Alibaba Considers Yielding Control of Some Businesses in Overhaul

Alibaba Group said on Thursday it will look to monetize non-core assets and consider giving up control of some businesses, as the Chinese tech conglomerate reinvents itself after a regulatory crackdown that wiped 70% off its shares. Group CEO Daniel Zhang said the company's breakup into separate businesses will allow…

The Independent UK

China e-commerce giant Alibaba outlines future strategy

The CEO of Chinese e-commerce and financial giant Alibaba says the company is moving toward giving up control of some of its business units in a transition toward becoming a capital operator to unlock the value of its sprawling businesses

TechRadar

E3 2023 is on the ropes as more publishers pull out

Devolver Digital, Sega and Tencent have announced that they will not be attending E3.

GamesRadar

Reports suggest E3 2023 could be canceled after losing even more publishers

Sega and Tencent are reportedly out

Windows Central

Sega and Tencent are not attending E3 2023

Sega and Tencent will not attend E3 2023, and it sounds like even more companies are planning to skip the event as well.

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