Rakuten receives a $2 billion capital injection
The Japanese digital heavyweight Rakuten has sold 13% share, worth $2.2 billion to new investors to bolster its balance sheet and to finance more aggressive mobile rollout.
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Tencent
US follows India’s lead in banning Chinese mobile payment apps
Departing US President Trump is maintaining his campaign against Chinese commercial interest for as long as he can.
Chinese authorities launch antitrust investigation against Alibaba
China’s competition watchdog is investigating the world’s largest e-commerce company Alibaba on accusations of monopoly behaviours towards merchants.
White House formally bans TikTok and WeChat in US
President Trump issued two executive orders on Thursday to prohibit all transactions with TikTok and WeChat in 45 days’ time.
China’s tech business to face expanded ban by the US beyond TikTok
After seemingly forcing TikTok owner to divest its business in the US, the Trump administration is prepared to address “a broad array of national security risks” presented by Chinese internet and software companies.
Tencent acquires the ‘Netflix of Asia’
Iflix, dubbed the ‘Netflix of Asia’, has been acquired by Hong Kong-based Tencent, as the firm takes another step towards its dream of becoming the streaming giant of South East Asia.
Nokia gets in bed with Tencent and Baidu cloud business units
Nokia has announced an expanded relationship with two existing customers, to provide data centre interconnect (DCI) network solutions for expanding cloud computing business units.
Tencent carves out $70bn for Chinese cloud expansion
Hong Kong-based Tencent has said it plans to expand its business into cloud computing services, ranging from traditional data centres to enterprise AI services.
Tencent profits as gaming surges during COVID-19 pandemic
The gaming industry might face similar production challenges as film and TV, but revenues are surging and few are profiting more than Hong Kong’s Tencent.
Vivendi hopes to raise €3 billion by flogging 10% of Universal Music to Tencent
French media giant Vivendi seems to be a bit short of cash, so it’s thinking of selling 10% of Universal Music to Tencent for three billion euros.
User backlash after Tencent’s Reddit interest
Chinese internet giant Tencent is reportedly leading the pack for Reddit’s Series D round, with the social media giant aiming to raise between $150 and $300 million, but not everyone is happy.
Twitch is blocked by China’s Great Firewall
The Amazon-owned game streaming platform Twitch confirmed on Friday that it became inaccessible from China, the latest of a string of popular services banned from the world’s largest internet market.
Fortnite’s Google Play bypass could be free money for Tencent
Epic Games has taken the somewhat unusual move of distributing the mobile-version of its popular Fortnite title through its own website, potentially saving up to $50 million according to app economy analyst firm State Tower.
LoRa bags Tencent as backer
Chinese internet giant Tencent is the latest company to join the LoRa Alliance, adding credibility to the technology which has perhaps been viewed as substandard to NB-IoT.
Is mobile payment going too far when cash has become unacceptable?
When mobile payment with smartphones has become the means of choice at retail outlets, the central bank of China needed to remind businesses they should not reject cash payment.
Tencent is aiming to do a Spotify with its entertainment and music business
The China based internet company Tencent, listed on the HKSE, is planning to spin off its music and entertainment subsidiary and list it separately on an exchange in the US.
Nokia ties the knot with Tencent for 5G R&D
Nokia has entered into a partnership with China’s internet giant Tencent to undertake 5G related R&D for webscale companies.
Tencent goes big with 56% revenue growth
Total revenue up 56% and a 61% year-on-year increase in operating profit, but share price down 2% across the day. Some people are just never happy.
Spotify looks east with Tencent umbilicus
Music streaming service Spotify has made a clear statement of geographical intent by entering into an equity swap with Chinese internet giant Tencent.
The news you might have missed over Christmas
While the majority of us were working our ways through a mountain of turkey, some poor sods were still in work making sure everything still worked.
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