Posts filtered by tags: Tencent[x]


 

China's big donors are pitching in to deal with the new coronavirus – and not just in their own country

Less than a month after China confirmed the emergence of what soon became the new coronavirus pandemic, the Chinese e-commerce giant Alibaba pledged US$144 million in medical supplies for Hubei province and its capital city Wuhan.Soon after that Jan. 29 announcement, Chinese billionaire Jack Ma, Alibaba’s founder, said he was giving away $14 million through his own foundation to develop a COVID-19 vaccine. These gifts from Ma, a former high school teacher, and the company roughly equaled everyth...
Tags: Japan, News, France, China, Boston, Russia, US, Harvard, United States, Alibaba, Tencent, New England Patriots, Baidu, Forbes magazine, Tencent Holdings, Ma


STILL FLYING: Humanitarian Cargo Flight of Masks from China to U.S.

While news headlines focus on the decline of international travel, it’s important to remember that many essential and critical missions are still being conducted by the general and business aviation communities. Many of these missions save lives or reunite people with their loved ones. During a crisis like COVID-19, our industry shines. With COVID-19 cases rising and personal protective equipment (PPE) dwindling, Massachusetts Governor Charlie Baker began looking for alternative ways to sour...
Tags: New York, China, Boston, Massachusetts, Beijing, United States, Alaska, Morocco, Alibaba, Tencent, Aviation, New England Patriots, Boeing, Jack Ma, Kraft, Baker


Vivendi Closes Sale of 10% of UMG to Tencent-Led Consortium

Vivendi has closed the sale of 10% of its subsidiary Universal Music Group to a consortium led by the Chinese powerhouse Tencent. The deal, which was signed three months ago, values UMG for €30 billion. As part of the agreement, the consortium – which includes Tencent Music Entertainment, as well as other financial co-investors — […]
Tags: News, Global, Tencent, Vivendi, Umg, Universal Music Group, Tencent Music Entertainment, Tencent Led Consortium


Vivendi Closes $3.3 Billion Sale of UMG to Tencent-Led Consortium

Vivendi has closed the sale of 10% of its subsidiary Universal Music Group to a consortium led by the Chinese tech giant Tencent. The deal, which was announced in December, values UMG at €30 billion ($33 billion). As part of the agreement, the consortium – which includes Tencent Music Entertainment, as well as other financial […]
Tags: Asia, News, Global, Tencent, Vivendi, Universal Music Group, Tencent Music Entertainment, Tencent Led Consortium, Vivendi Closes


Vivendi closes sale of 10% stake in Universal to Tencent consortium

Vivendi closed on Tuesday the sale of a 10% stake in Universal Music Group (UMG) - home to Taylor Swift and The Beatles - to a Tencent-led consortium, in a deal giving UMG an enterprise value of 30 billion euros ($33 billion).
Tags: Money, Taylor Swift, businessNews, Tencent, Vivendi, Universal Music Group UMG


Tencent-backed online education firm Yuanfudao raises $1 billion in new round

Chinese online education platform Yuanfudao said on Tuesday it has raised $1 billion in a new financing round, led by Tencent Holdings and private equity firm Hillhouse Capital Group.
Tags: Money, businessNews, Tencent, Tencent Holdings, Yuanfudao


The Station: Bird and Lime layoffs, pivots in a COVID-19 era and a $2.2 trillion deal

Hello folks, welcome back (or hi for the first time) to The Station, a weekly newsletter dedicated to the all the ways people and packages move around this world. I’m your host, Kirsten Korosec, senior transportation reporter at TechCrunch. I also have started to publish a shorter version of the newsletter on TechCrunch . That’s what you’re reading now. For the whole enchilada — which comes out every Saturday — you can subscribe to the newsletter by heading over here, and clicking “The Stat...
Tags: Food, Travis Vanderzanden, Europe, New York, Australia, Washington, China, New York City, Tech, Austin, Munich, Automotive, House Of Representatives, Healthcare, Venture Capital, Tencent


Brand Moves for Thursday March 26

Luxury brand Prada has kept a factory open in Perugia and converted it to mask and medical overall production: they will start daily deliveries to Tuscan hospitals of 80,000 overalls and 110,000 masks to be delivered by April 6th. All-star education website Masterclass is giving existing members free all-access passes, to donate to isolating relatives, colleagues, friends, local volunteers or neighbours. The shortages of ventilators in hospitals has led to engineering companies offering their s...
Tags: Facebook, UK, Microsoft, Cdc, China, Germany, Advertising, Disney, US, Unilever, Spain, Netflix, Ford, Tencent, Fiat, Asda


India’s MX Player expands to US, UK and other markets in international push

MX Player, the on-demand video streaming service owned by India’s conglomerate Times Internet, is expanding to more than half a dozen new international markets including the U.S. and the UK to supply more entertainment content to millions of people trapped in their homes. The Singapore-headquartered on-demand video streaming service, which raised $111 million in a round led by Tencent last year, said it has expanded to Canada, Australia, New Zealand, Bangladesh, and Nepal in addition to the U.S....
Tags: Mobile, Apps, Asia, UK, Media, Singapore, India, Disney, Tech, Nepal, Middle East, Tencent, Times, South Asia, Gaana, US UK


Tencent launches $100M fund to fight COVID-19

Tencent this week announced the launch of the Global Anti-Pandemic Fund, a $100 million effort designed to help curb the devastating spread of COVID-19. The news follows the launch of $100 million funds from fellow tech giants Netflix and Facebook.  In the case of the Shenzhen-based corporation, initial funding will go to practical and vitally important health supply donations, including protective gear and other products for hospitals and healthcare first responders. Tencent notes that th...
Tags: Health, Facebook, China, Tech, Netflix, Tencent, Philanthropy, Shenzhen, Martin Lau, Coronavirus, COVID-19


More Than 500 Cinemas in China Reopen as Coronavirus Threat Recedes

More than 500 cinema screens have reopened in China, where the coronavirus outbreak is seen to be receding, though box office takings remain minimal as the public is mostly staying away. State media CGTN reported that 486 theaters were open for business on Friday. On Monday, financial publication Caixin said the number had risen to […]
Tags: Asia, News, China, Global, Tencent, Caixin, CGTN, Coronavirus


Lilium raises another $240M to design, test and run an electric aircraft taxi service

Long and short distance travel have all but stopped for many people at the moment. But looking forward to a time when that may no longer be the case, a company designing flying taxis is today announcing a large round of funding to help continue developing its product. Lilium, a Munich-based startup that is designing and building vertical take-off and landing (VTOL) aircraft with speeds of up to 100 km/h that it plans eventually to run in its own taxi fleet, has closed a funding round of “over” $...
Tags: Startups, TC, Europe, Tech, Munich, Tencent, Aerospace, Vtol, Kitty Hawk, Joby, LGT, Volocopter, Air Taxi, Lilium, Daniel Wiegand, Patrick Nathen


Lilium raises another $240M to design, test and and run an electric aircraft taxi service

Long and short distance travel have all but stopped for many people at the moment. But looking forward to a time when that may no longer be the case, a company designing flying taxis is today announcing a large round of funding to help continue developing its product. Lilium, a Munich-based startup that is designing and building vertical take-off and landing (VTOL) aircraft with speeds of up to 100 km/h that it plans eventually to run in its own taxi fleet, has closed a funding round of “over” $...
Tags: Startups, TC, Europe, Tech, Munich, Tencent, Aerospace, Vtol, Kitty Hawk, Joby, LGT, Volocopter, Air Taxi, Lilium, Daniel Wiegand, Patrick Nathen


Republican Senator Pleads Ignorance After Selling Millions in Stock Before the Crash

U.S. Senator Kelly Loeffler of Georgia defended herself overnight, insisting that both she and her husband had no input in the decision to sell somewhere between $1.2 million and $3.1 million in stock shortly before the stock market crash that was caused by fears over covid-19. Loeffler’s husband is Jeffrey Sprecher,…
Tags: Science, Republicans, Georgia, Tencent, Roku, Millionaires, Parasites, Donald Trump, Tucker Carlson, Loeffler, Ben Shapiro, Jeffrey Sprecher, President Trump, Kelly Loeffler, Coronavirus, Covid 19


Exclusive: Tencent-backed Yuanfudao near to close new fundraising at $7.5 billion valuation - sources

Chinese online education platform Yuanfudao, which is backed by tech giant Tencent Holdings, is close to completing a financing round that would value it at around $7.5 billion, two people familiar with the matter said.
Tags: Money, businessNews, Tencent, Tencent Holdings, Yuanfudao


Tencent is now bigger than Cisco and Lenovo – and predicts this virus thingy will help it get bigger still

21 percent growth sees FY '19 revenue hit US$54bn, just a billion or so behind LG and Facebook Chinese internet titan Tencent has revealed its Q4 2019 and full year 2019 results, and the numbers are lovely.…
Tags: Facebook, US, Cisco, Software, Tencent, Lg, Lenovo


China’s Tencent Reaches Profit of $13 Billion Despite Struggle

Tencent, China’s social media, games and streaming giant, unveiled solidly normal financial results for its year to December. It signaled damage to the Chinese economy from the coronavirus outbreak, but the group is expanding the range of business activities that can be done online. Revenues, profits and dividend payouts for 2019 all increased by a […]
Tags: Asia, News, Finance, China, Global, Tencent, WeChat, Tencent China, Coronavirus


China’s Tencent Reaches Profit of $13 Billion, Despite Headwinds

Tencent, China’s social media, games and streaming giant, unveiled solidly normal financial results for its year to December. It signaled damage to the Chinese economy from the coronavirus outbreak, but the group is expanding the range of business activities that can be done online. Revenues, profits and dividend payouts for 2019 all increased by a […]
Tags: Asia, News, Finance, China, Global, Tencent, WeChat, Tencent China, Coronavirus


China's Tencent sees WeChat usage surge on virus

China's Tencent Holdings Ltd said on Thursday the coronavirus drove 8 billion visits to its WeChat platform as users flocked to get "health codes" they need to show authorities in order to travel around the country.
Tags: Money, China, businessNews, Tencent, Tencent Holdings Ltd


China Literature Profits Grow in ‘Challenging Year’

Despite what the company called a “challenging” period, Chinese online publisher and TV producer China Literature completed its first year on the stock market with a 22% increase in profits to $156 million (RMB1.1 billion). It was rewarded with a 10% jump in its shares by midday Wednesday. The company, which was spun off from […]
Tags: Asia, News, Finance, Global, Tencent, New Classics Media, China Literature


China's Tencent set to hint at virus boost from quarantined gamers

Tencent Holdings Ltd is set to give a glimpse of how the world's largest gaming company has fared from the coronavirus outbreak after curbs forced millions to stay at home, driving up demand for online games and streaming services.
Tags: Money, China, businessNews, Tencent, Tencent Holdings Ltd


Equity Tuesday: Wild markets, a neat early-stage round, and the closed IPO window

Good morning friends, and welcome back to TechCrunch’s Equity Monday, a short-form audio hit to kickstart your week. Regular Equity episodes still drop Friday morning, so if you’ve listened to the show over the years, don’t worry — we’re not changing the main show. For folks hunting for our longer form work, here’s last week’s episode with Danny Crichton and Natasha Mascarenhas, and here’s yesterday’s interview with YC boss Michael Seibel. Equity Monday is a day late this week as I was off ...
Tags: Apple, Fundings & Exits, Startups, Time, Intel, Palo Alto, Colombia, Tencent, Equity, HashiCorp, Big Five, Michael Seibel, Danny Crichton, Sagi, Equity podcast, Natasha Mascarenhas


The 26-year-old CEO of Trad3r has spent almost $1 million self-funding a TV show about his own startup. He tells us why.

The founder of in-app stock trading game Trad3r has plans for a self-funded TV show based on his life story.  Gianni O'Connor, 26, told Business Insider he has poured close to $1 million in the venture, which he intends to distribute via Amazon in July.  O'Connor told Business Insider not only would he play himself, but a number of his close friends and business partners would appear too.  Filming had been set to start in California soon – but has been moved to Barcelona due to problems caused...
Tags: Amazon, UK, New York, London, California, Trends, Barcelona, Netflix, Tencent, Connor, Business Insider, Oliver Wyman, Midlands, O Connor, Coventry England, Silicon Beach


XYZ Reality secures £5M to bring a hologram headset to the construction industry

Augmented Reality technology did not, it turned out, light the touch paper on a booming new industry. What we got instead was a few cute applications on smartphones and devices like Microsoft’s Hololens, which has seen pretty limited success. Where AR has proved that it may have a future is in industry, allowing workers to look at plans whilst they assemble something, for instance. A new UK startup hopes to nudge that future on further with a radical new technology which, although it resemble...
Tags: TC, Asia, Europe, UK, Technology, Microsoft, Marketing, US, Tech, Eu, European Union, Ceo, Smartphones, United States, United Kingdom, Computing


Tencent Games:

Global brand experience agency DesignStudio today unveils a full rebrand for Tencent Games, the largest video game company in the world. LONDON March 3, 2020 Global brand experience agency DesignStudio today unveils a full rebrand for Tencent Games, the largest video game company in the world. The rebrand sparks a new era of global visibility for Tencent Games, leading an inclusive, positive culture that reflects the diverse, playful nature of gaming today. Mars Hou, Vice Pres...
Tags: London, China, Advertising, Tencent, Tencent Holdings, Johns, Paul Stafford, Tencent Games, Co Founder of DesignStudio, Alex Johns Creative Director DesignStudio, Lava Li


Tencent Games: Rebrand

Global brand experience agency DesignStudio today unveils a full rebrand for Tencent Games, the largest video game company in the world. LONDON March 3, 2020 Global brand experience agency DesignStudio today unveils a full rebrand for Tencent Games, the largest video game company in the world. The rebrand sparks a new era of global visibility for Tencent Games, leading an inclusive, positive culture that reflects the diverse, playful nature of gaming today. Mars Hou, Vice Pres...
Tags: London, China, Advertising, Tencent, Tencent Holdings, Johns, Paul Stafford, Tencent Games, Co Founder of DesignStudio, Alex Johns Creative Director DesignStudio, Lava Li


China’s Dystopian Coronavirus ‘Back to Work’ Campaign

HONG KONG—People in today’s China are only too aware that algorithms crawl over all social media posts, and that multiple cameras are aimed at all street corners. But the coronavirus epidemic and its fallout have heightened the sense of dystopian menace as never before. The Coronavirus Epidemic Is Xi Jinping’s Epic FailEvery phone and its user is trackable, no matter how careful you may be with your digital footprints, and new tools built by Tencent and Alibaba, two of China’s biggest tech compa...
Tags: Hong Kong, News, China, Beijing, Xi Jinping, Shanghai, Alibaba, Tencent, China Daily, Wuhan, Guangdong, Mike Pence, Ccp, Ministry Of Foreign Affairs, Xinhua, Pence


Exclusive: Tencent-backed WeDoctor invites banks to lead $1 billion Hong Kong IPO, sources say

WeDoctor will push ahead with a Hong Kong listing and invite pitches from investments banks next week to lead an IPO valuing the Chinese healthcare platform at up to $10 billion, two sources with direct knowledge of the matter said.
Tags: Hong Kong, Money, businessNews, Tencent


China Tech Groups Censored Information About Coronavirus

Chinese social media platforms, including Tencent's WeChat, censored keywords related to coronavirus as early as December [Editor's note: the link may be paywalled; alternative source], potentially limiting the Chinese public's ability to protect themselves from the virus. From a report: Beijing has strictly controlled access to information throughout the coronavirus outbreak, which has killed more than 3,000 people worldwide. Research by the University of Toronto's Citizen Lab, one of the first...
Tags: China, Tech, Beijing, Xi Jinping, Tencent, University of Toronto s Citizen Lab, Lotus Ruan, Citizen Lab Read


Resso, ByteDance’s music streaming app, officially launches in India, sans Tencent-backed Universal Music

TikTok, the hugely popular social media app, found a lot of early traction by giving users a way to create funny lip-synced versions of clips from well-known songs and then share them with friends (its predecessor in the West was even called Musically). Now at long last, TikTok’s owner, China’s ByteDance, is doubling down on the music connection with the release of its first standalone full music streaming app, starting first in India. Today, the company is launching Resso, which describes...
Tags: Google, Social, TC, Asia, Spotify, Media, Entertainment, Indonesia, China, India, Tech, Bloomberg, West, Music Streaming, Tencent, Gaana