A string of latest occasions in China’s funds business suggests the duopoly comprising Ant Group and Tencent could also be getting a shakeup. Following the… Read More »China’s draft funds guidelines put Ant, Tencent on discover – TechCrunch
Esports “whole options supplier” VSPN (Versus Programming Community) has closed a $60 million Collection B+ funding spherical, joined by Prospect Avenue Capital (PAC), Guotai Junan… Read More »Chinese language esports participant VSPN closes $60M Collection B+ spherical to spice up its worldwide technique – TechCrunch
WeChat continues to advance its purchasing ambitions because the social networking app turns 10 years previous. The Chinese language messenger facilitated 1.6 trillion yuan (near… Read More »WeChat advances e-commerce targets with $250B in transactions – TechCrunch
Tencent’s WeChat Pay and Alibaba’s affiliate Alipay have lengthy dominated digital funds in China, however they’ve at all times confronted new challengers. The newest entrant… Read More »TikTok’s Chinese language model Douyin launches an e-wallet – TechCrunch
India’s reply to WhatsApp has utterly moved on from messaging. Hike Messenger, backed by Tencent, Tiger Global and SoftBank and valued at $1.4 billion in… Read More »Tencent-backed Hike, as soon as India’s reply to WhatsApp, has given up on messaging – TechCrunch
As fears over WhatsApp’s privateness insurance policies ship tens of millions of customers within the West to Sign and Telegram, the 2 encrypted apps are… Read More »Sign and Telegram are additionally rising in China – for now – TechCrunch
As Chinese language health class supplier Keep continues to diversify its choices to incorporate Peloton-like bikes, health-conscious snacks amongst different issues, it’s bringing in new… Read More »Imaginative and prescient Fund backs Chinese language health app Hold in $360 million spherical – TechCrunch
It’s no secret that Tencent, the Chinese language tech large behind WeChat and a handful of blockbuster video video games, is an aggressive investor. Even… Read More »Tencent funding stays on recreation in 2020 – TechCrunch
DXY, a 20-year-old on-line healthcare group for Chinese language shoppers and healthcare organizations like Pfizer, introduced this week that it has raised $500 million in… Read More »Tencent backs Chinese language healthcare portal DXY in $500M spherical – TechCrunch
Tencent is additional strengthening its ties with music big Common Music Group because it continues to dominate the Chinese language music streaming market. A consortium… Read More »Tencent-led consortium will elevate stake in Common Music to twenty% – TechCrunch