CHINA’S BAIDU AND GEELY’S MERGER TO ROLLOUT WITH SMART CARS

• Baidu will hone in with smart driving dynamics while Geely will offer design and manufacturing saliency.
• Geely is a pioneer in china’s automobile industry, and also is proprietor of Volvo and owns a stake in Mercedes-Benz owner Daimler.

The two companies...

ALIPAY-THE OMNIPRESENT APP TO GET AROUND IN CHINA

• The most significantly important item to have for Chinese citizens whenever they are on or an outing or hailing a cab on a moonlit night is the Alipay smartphone app.    
• As always, the smallest but smartest thing to carry in possession during a recent outin...

U.S. JUSTICE DEPARTMENT SEEK AN IMMEDIATE BAN ON DOWNLOADS OF WeChat

Highlights

• The President of the United States, Donald Trump on August 6 had issued an executive order to ban two Chinese apps TikTok and WeChat, effective from September 20

• Last Saturday, Magistrate Judge Laurel Beeler in California had agreed to delay US restric...

TENCENT'S WeChat WITNESSES JUMP IN NUMBER OF DOWNLOADS BEFORE US BAN

Highlights

• The US Department of Commerce had issued an order asking Alphabet Inc’s Google and Apple Inc to take down WeChat for downloads, but this move was blocked by a US judge on Sunday

• According to data analytics firm Sensor Tower, WeChat was installed ...

ByteDance FILES COMPLAINT IN A WASHINGTON COURT AGAINST U.S GOVERNMENT TO BLOCK BAN

Highlights

• TikTok along with its parent company, ByteDance Ltd has filed a complaint in Washington federal court in order to challenge the executive order issued by the President Donald Trump on August 6

• TikTok and ByteDance in their complaint have alleged Trump ...

US TO BAN TikTok AND WeChat FROM SUNDAY: OFFICIALS

Highlights

• After this ban, no American will be able to download these two apps developed by Chinese companies ByteDance and Tencent

• This ban announced on Friday will affect only new downloads and updates, while the existing users can continue using TikTok

UPCOMING WeChat BAN WON’T IMPACT USERS SAYS US GOVERNMENT

Highlights

• An executive order was issued by the President Trump on August 6 that targeted TikTok and WeChat as purported threat to the national security

• A suit was filed in the federal court in California to stop this ban by the nonprofit US WeChat Users Alliance...

IMPACT OF TRUMP’S WeChat BAN ON U.S. BUSINESSES IN CHINA

The President of the United States, Donald Trump recently signed an executive order to ban WeChat, a mobile-payment app that is owned by Chinese technology giant Tencent Holdings.
According to the market analysts and experts, the impact of a ban of WeChat will more than on TikTok. The busi...

KITCHEN HELPER BECOMES RUNAWAY ESPORTS PLAYER WITH UNDYING FAN-BASE

• Peng Yunfei could not have believed this in his wildest dreams that he would one day become a top electronic-sports player having a tens  of millions fan-base.
• Furthermore, all this when he was doing paltry kitchen work in a Shanghai restaurant in Xuhui District four years...

IPL 2020: TRUTH ABOUT TENCENT INVESTMENT IN DREAM11

Highlights

• According to the reports, Tencent owns a stake of 13 percent in Dream11 and has invested more than $100 million in the year 2018

• As per a BCCI official, Tencent has a stake less than 10 percent and the company has been founded by Harsh Jain and Bhavit ...

TRUMP’S DECISION TO BAN "WE CHAT" & TIKTOK CAUSES $30 MILLION LOSS TO TENCENT HOLDING INC

Highlights:

•     China’s Tencent Holding’s shares impacted

•     Yuan falls to a week low

We chat is a Chinese chatting app that is extensively used by the Chinese community in the US. TikTok is another p...

TENCENT PLANS TO BECOME BIGGEST GAMING GIANT IN CHINA MARKET

HIGHLIGHTS

• Tencent wants to grab the largest shares by collaborating with Huya and Don Yu thus becoming the massive gaming business platform of China

Tencent Holdings Ltd, Huya Inc, DouYu International Holdings Ltd., will merge into China's...

AFTER TikTok, THE GOVERNMENT OF INDIA IS PLANNING TO BAN PUBG: REPORT

Highlights

• PUBG was developed and made compatible for mobile phones by Chinese techno giant Tencent and introduced it as PUBG MOBILE

• PUBG was download over 175 million times in India and remains one of the favourite games in the country

• The Gover...

TENCENT INVESTING BILLIONS IN MAJOR MUSIC COMPANIES

Highlights:

• Large international competition made many Chinese media-tech firms hybrid. 
• Tencent’s NYSE listed subsidiary, Tencent Music Entertainment (TME) has recently purchased equity shares in Western music majors Universal Music and War...

CLOUD COMPUTING SERVICES TO ACCELERATE IN CHINA

Highlights:

• In the first quarter of 2020, China’s cloud infrastructure service market surged by 67.0% year on year.
• The cloud infrastructure services spending has reached the US $3.9 billion. 
• The top four cloud service providers...

TENCENT PLANS TO BUILD NET CITY

Highlights:

• China’s gaming giant, Tencent is planning to build a smart city called Net City approximately the size of midtown Manhattan.
• Net City will comprise of corporate offices, apartments, and a school on a 21-million square-foot area.
...

WUHAN BIGGER AND BETTER AFTER THE LOCKDOWN WITH ALL OF 65 PROJECTS

• Wuhan after coming out of the lockdown will see big projects being implemented on a big scale to further its digital prowess.
• The companies include Tencent, Alibaba, JD, Xiaomi Gre and MGI Tech and a host of others.

Wuhan after having come out...

TENCENT TO EXPAND ITS PAYMENT BUSINESS

Chinese concoction Tencent, with a market capitalization of over $460 billion, is forming a research team for digital currencies. The Chinese tech giant has issued an internal notice to employees stating that they are looking for someone to head their new initiation of forming a digital currency ...

Tencent and Nintendo announced plans to launch iconic Chinese company switch console

Chinese internet giant Tencent and gaming powerhouse Nintendo today announced plans to launch next week's iconic Chinese company switch console.

Expectations for the release of the console on the world's largest games market have helped this year to drive up the share price of N...