Tencent news and archive

Chinese tech giant Tencent disputes US fake goods label

Chinese tech giant Tencent said Friday it strongly disagreed with a US decision to add its WeChat app to a government list of "notorious" markets known for trade in counterfeit goods. WeChat and e-commerce site AliExpress were among those put on the list by the US Trade Representative (USTR) on Thursday spotlighting markets Washington says...

Business

Tencent boss vows 'compliance' with China regulators

Beijing - Tencent’s billionaire founder Pony Ma — China’s second richest man — has met anti-monopoly regulators and agreed his firm will be “as compliant as possible”, after rival tech giant Alibaba was battered by legal woes. Tencent, which owns the super-app WeChat and a lucrative gaming empire, is the latest tech conglomerate to fall into the...

Fashion

Burberry unveils first designs for Honor of Kings game

Burberry has unveiled two exclusive designs for Honor of Kings, which marks the mobile games’ first co-creation with a luxury brand on their ‘Legend’ skin offering. Riccardo Tisci, Burberry’s chief creative officer has exclusively designed two skins for the mobile game’s popular heroine, Yao, which sees the character wearing a classic cotton...

Business

Tech giants Alibaba and Tencent shares continue to fall

Chinese tech giants including Alibaba and Tencent tumbled for a second day Wednesday, after Beijing's market regulator put out draft antitrust rules that signalled a looming crackdown on high-flying internet giants. Rules published on Tuesday outlined plans to prevent "monopolistic behaviour" among internet companies, a shift from a previously...

Fashion Featured

Burberry takes AW20 show to Shanghai amid continued China push

Burberry has announced it will be taking its upcoming autumn-winter 2020 runway show to Shangai, China on 23 April. The British luxury brand said the men’s and women’s show will be part of a wider dedicated programme of activities in China and will include looks specifically designed for the event and exclusively available to purchase in the...

Business

EU must challenge PayPal, Apple in payment services: ECB

European Union countries must foster payment services that work across the continent to boost its financial sector and reduce dependence on third countries like the United States, a top European Central Bank official said Monday. "Large non-European companies now play a significant role in the provision of payment services in Europe, while...

Business

Chinese fashion technology platform Meilishuo preparing 4 billion dollars IPO

Chinese online fashion retailer Meilishuo, backed by Tencent Holdings, is reported to be in talks with several investment banks to launch an initial public offering of shares (IPO) in the U.S. The IPO could value the start-up at circa 4 billion dollars, according to people familiar with the matter quoted by the ‘South China Morning Post’. The...

Business

China's Tencent draws 41 billion dollar orders for 5 billion dollar bond sale

Chinese gaming and social media titan Tencent has raised $5 billion in a bond issue which attracted orders totalling more than 41 billion US-dollars for its biggest dollar-denominated sale so far, Bloomberg reported Friday. The group, known for its wildly popular "Honour of Kings" video game and ubiquitous WeChat social media platform, Thursday...