Chinese Internet company Tencent announced that its WeChat service has gained over 50 million registered users.
Chinese Internet company Tencent recently completed its staff layout in its North American office, and about 20 employees were dismissed during this adjustment, accounting for 40% of its total employees in North America.
Ma Mingzhe, chairman of Ping An Insurance (Group) Company of China, Ltd, confirmed to Chinese local media that the company has cooperated with Alibaba Group and Tencent Group in the establishment of a new insurance joint venture for Chinese consumers.
Ma Huateng, chairman and chief executive officer of Tencent, has announced plans to invest USD1 billion in its independently operated e-commerce holding company.
Chinese application service provider UC will sue Tencent, the Chinese Internet giant, for alleged unfair competitive practices.
Chinese Internet company Tencent has published its annual financial report for 2010, stating that its net profit increased by 56.2% year-on-year to CNY8.054 billion.
Tencent Holdings Limited, one of China’s top Internet firms, announced its unaudited consolidated results for the third quarter ended September 30, 2010.
