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Tencent updates WeChat Pay to facilitate easier payments for foreign visitors

News 36Kr Global Writers -
Tencent’s latest update to WeChat Pay targets an improved mobile payment experience for foreign visitors to China. How does it compare to Alipay?

Tencent’s ad sales slump, battered by COVID-19 lockdowns and regulatory tightening

Insights KrASIA Connection -
The Chinese internet giant expects recovery in advertising revenue by the end of 2022, buoyed by easing government restrictions.

Legal-Tech Startup Omnipresent Raises $120M Series B Round, Lead Investor Including Tencent

News KrEurope Market Watch -
London-based Omnipresent, a SaaS-based global employment solution provider, has raised $120 million in its Series B funding round, with Kinnevik and Tencent leading the round.

Amid regulatory crackdowns, Tencent takes a tactical approach to its investments

Insights Jiaxing Li -
With China’s watchdogs keeping a close eye on the tech giant, Tencent is hoping that more strategic investments will prove lucrative.

Tencent reduces its stake in JD.com by distributing most of its holdings to shareholders as dividends

News Mengyuan Ge -
Tencent announced on Thursday that it will hand out JD.com shares worth HKD 127.69 billion (USD 16.37 billion) to its shareholders as interim dividends....

Tencent app updates halted by regulator for data protection inspections

News Mengyuan Ge -
The moves come after China implemented stringent personal information protection rules.

China’s most valuable company Tencent sees slower growth in profits

News Jiaxing Li -
Regulatory changes are weighing down revenues for all major tech firms in China.

Tencent Music Entertainment misses revenue estimates as users move to competing platforms

News Mengyuan Ge -
The company lost a key advantage when it was ordered to scrap exclusive music licensing agreements.

Tencent reveals new chips as China’s tech giants become semiconductor designers

News Jiaxing Li -
While Chinese firms are designing new processors, the path to mass production remains unclear.

Tencent to acquire stake in Japanese media publisher Kadokawa to boost global presence

News Mengyuan Ge -
The deal marks the largest investment Tencent has made in Japan so far.
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