Tencent Holdings

Exclusive: Tencent scraps plans for VR hardware as metaverse bet falters

Tencent Holdings is abandoning plans to venture into virtual reality hardware, as a sobering economic outlook prompts the Chinese tech giant…

3 years ago

Ubisoft shares tumble as Tencent deal seen dampening buyout prospects

Shares in Ubisoft Entertainment (UBIP.PA) tumbled on Wednesday after it announced a deal that sees China's Tencent Holdings (0700.HK) raise its stake in the…

3 years ago

Exclusive: Tencent plans to divest Meituan stake worth $24 billion

China's Tencent Holdings (0700.HK) plans to sell all or a bulk of its $24 billion stake in food delivery firm Meituan (3690.HK) to placate…

3 years ago

Tencent chief causes stir with repost of article on China’s economy

Pony Ma, the low-profile founder of tech giant Tencent Holdings, created a social media stir over the weekend by reposting…

4 years ago

U.S. FTC to review Microsoft’s $68.7 bln deal for Activision – Bloomberg News

The U.S. antitrust review of Microsoft Corp's (MSFT.O) $68.7 billion proposed acquisition of "Call of Duty" maker Activision Blizzard Inc (ATVI.O) will be handled…

4 years ago

China’s Tencent fires 70 staff, blacklists 13 firms in anti-graft campaign

Tencent Holdings (0700.HK), China's biggest social media and video games company, on Tuesday said it fired nearly 70 staff over bribery…

4 years ago

Reddit jumps on IPO bandwagon with confidential filing

Reddit Inc, whose message boards became the go-to destination for day traders during this year's meme stock frenzy, said on…

4 years ago