Tencent

Platform news: TikTok app based in China, US politics

US appeals courts dismiss government’s appeals of TikTok rulings

Two US appeals courts dismissed the Justice’s Department’s legal challenges to court rulings that barred a Trump-era effort to ban new downloads of Chinese-owned video-...

Platform Economy: TikTok and US politics

US ask courts to dismiss government appeals of TikTok ruling

The Biden administration has asked two federal appeals courts to dismiss the Justice Department’s legal challenges to court rulings that barred a Trump-era effort to ban new ...

Platform News: Ant Group and Alipay

China says measures applied to Ant Group to be imposed on other payment firms

China’s central bank has said that anti-monopoly measures applied to e-commerce giant Alibaba’s financial technology affiliate Ant Group will also be imposed on other p...

Tencent Holdings

Chinese antitrust regulator to block Tencent’s videogaming merger

China’s antitrust regulator is set to formally block Tencent’s plan to merge the country’s top two videogame streaming sites, Huya and DouYu, three people familia...

Platform News: Didi

China’s Didi worth $68 billion after U.S. debut

Didi Global Inc shares ended their first day of US trading slightly over their initial public offering (IPO) price, valuing the ride-hailing giant at $68.49 billion in the biggest ...

Platform news: TikTok app based in China, US politics

Pressure: US removes TikTok and WeChat from prohibited transactions list

The US Commerce Department announced it was rescinding a list of prohibited transactions with TikTok and WeChat that were issued in September as the Trump administration sought to ...

US Department of Commerce

Chinese apps could face subpoenas or bans under Biden order

US President Biden’s executive order aimed at safeguarding Americans’ sensitive data would force some Chinese apps to take tougher measures to protect private informati...

Didi V2X

China’s Didi reveals US IPO filing, sets stage for blockbuster float

Didi Chuxing, China’s biggest ride-hailing firm, has made public its filing for a US stock market listing, setting the stage for what is expected to be the world’s bigg...

Platform Industry: Tencent logo at an event

E-brokerage Scalable Capital raises 150 million euros in Tencent-led round

Online brokerage Scalable Capital said on Tuesday it had raised 150 million euros (approximately $183 million) from investors led by China’s Tencent, becoming the latest Germ...

Platform Industry News: Amazon

Amazon’s video game unit cancels Lord of the Rings game

Amazon.com Inc’s video game division has cancelled an online role-playing game based on the fantasy series Lord of the Rings, which was announced in 2019, an Amazon spokeswom...

Tencent Holdings

Tencent Holdings raises $4.2 billion in its second major bond deal in a year

Tencent has raised over $4 billion today in its second major bond deal in less than a year as global investors were enticed by its attractive pricing and overlooked a regulatory cr...

Platform Industry: Tencent logo at an event

Tencent boss meets China antitrust officials as scrutiny widens

Pony Ma, the founder of Tencent Holdings met with antitrust watchdog officials this month to discuss compliance at his group, three people with direct knowledge of the matter told ...

Platform Industry: ByteDance China company building

ByteDance says it will acquire Mooton Technology

China’s ByteDance has said its video games unit Nuverse has agreed to acquire Shanghai-based Mooton Technology, as it seeks to further expand into the video games sector.

Platform News: Tencent conference and exhibition in China

Tencent hit with fresh anti-monopoly complaint in China

Tencent has become the target of another anti-monopoly complaint to regulators, this time from a supplier of smart vehicle technology and a General Motors Co China venture.

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