China’s Tencent To Acquire 49% Stake In Foreign Game Publisher

Chinese Internet company Tencent Holdings Limited has announced that it will invest USD26.95 million to acquire 49% of the issued shares of Level Up.

Tencent Inks China Social Media Microblogging Deal With CNTV

Chinese Internet company Tencent and China Network Television have jointly announced a strategic partnership for a comprehensive social media and microblogging cooperation.

China’s Tencent To Introduce Overseas B2C Services In 2012

Chinese Internet company Tencent will soon launch its Internet shopping platform Buy.qq.com, which plans to introduce an overseas B2C service in 2012.

China’s Tencent To Invest CNY1 Billion In Search Engine Development

Chinese Internet company Tencent has recently started a marketing campaign for its search engine product in Shanghai and this business promotion will be launched in nine cities in China, including Beijing, Shanghai, Guangzhou, Shenzhen, and Chengdu.

Chinese Internet Company Plans Unfair Competition Lawsuit Against Tencent

Chinese application service provider UC will sue Tencent, the Chinese Internet giant, for alleged unfair competitive practices.

China’s NetEase.com Launches IM Product For Corporate Users

Chinese Internet company NetEase.com has announced the official launch of its instant messaging product for corporate users.

China’s Tenpay, American Express Join For International Internet Payment Services

Tenpay, the Internet payment subsidiary of Chinese technology firm Tencent, and American Express have reached an agreement to jointly provide Internet payment services to Tenpay’s overseas users who purchase goods from American Express vendors.

Tencent’s New Chinese E-commerce Platform Will Launch Soon

Chinese Internet company Tencent has announced at its e-commerce annual meeting that the company plans to launch a B2B2C platform in the fourth quarter of 2011.

Tencent Embeds Anti-Virus Service Into Instant Messaging Software

Tencent will incorporate Avira’s Internet security scanning engine and core technology into Tencent’s QQ Computer Manager 5.0 Anniversary Preview Edition.

China’s Tencent Enters Mobile Market With 3G Smartphones

Chinese Internet giant Tencent has announced that it is cooperating with China Telecom and five mobile phone manufacturers in the launch of six smartphone products, which have the embedded QQ-service platforms.

Beijing Government Says Ku6.com’s Staff Dismissals Are Illegal

Earlier this month, Chinese online video website Ku6.com announced it was downsizing staff by up to 20%. But now local media reports state those layoffs are not legal.

Tencent To Operate New South Korean Online Game In China

Chinese Internet company Tencent has gained the rights to operate Blade & Soul, a new online game developed by the South Korean company NCsoft, on the Chinese mainland.

Tencent Buys Online Travel Stake In eLong.com

Chinese online travel service provider eLong Inc. reported its unaudited financial results for the first quarter ended March 31, 2011, and said Tencent made a strategic investment in the company.

Tencent Shows Internet Boom In China Continues

Chinese online and mobile company Tencent Holdings Limited today announced its unaudited consolidated results for the year’s first quarter ended March 31, 2011.

China’s Tencent Net Profit Up 56.2% In 2010

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.

China’s Ganji.com Develops Group Buying Internet Service With COFCO

Chinese lifestyle information website Ganji.com has launched a new collective buying product, which will first cooperate with Womai.com owned by COFCO Group in providing group buying deals in Beijing.

Groupon, Tencent Establish Gaopeng.com

Jointly invested by Groupon, Tencent Collaboration Fund and Yunfeng Capital, the collective buying website Gaopeng.com has been launched in China.

Rumor: Groupon To Establish JV With Tencent In China

An insider from the Chinese Internet company Tencent has confirmed to the local media that the American collective buying website Groupon will establish a joint venture with Tencent to enter the Chinese market, and the CEO of the new company will be assigned by Tencent.

Shanda’s Mochi Media Warns Tencent About Game Infringement

Mochi Media, a Flash game development platform owned by Shanda Games, has issued an open letter, claiming that the Chinese Internet company Tencent has pirated its games.

Kingsoft, Tencent Join Baidu’s Chinese Internet Ethics Cleansing Campaign

Chinese Internet companies Kingsoft and Tencent have announced their intentions to join Baidu’s recently launched campaign to make the Chinese Internet a safer place.

Chinese Instant Messaging Software Goes Global

Tencent Holdings Limited announced the launch of their QQ International instant messenger product.

Malware Attacks Don’t Keep Tencent From Generating More China Revenue

Tencent Holdings Limited, one of China’s top Internet firms, announced its unaudited consolidated results for the third quarter ended September 30, 2010.

APAC: 4,000 Fake “Taobao” Websites Closed By July 2010

The Anti-Phishing Alliance of China has announced that by the end of July 2010, the alliance had received 19,817 reports related to phishing websites, and e-commerce websites were the most imitated ones.

Rumor: NetEase.com May Take 50% Stake In MSN China

According to reports in local media, the Chinese Internet portal NetEase.com is in contact with MSN China and intends to take a 50% stake in MSN China from Shanghai Alliance Investment.

Tencent To Acquire Remaining Stake In SZdomain For CNY150 Million

The Chinese Internet company Tencent Holdings Limited has published an announcement, stating that it will acquire the remaining 40% stake in SZdomain, a Shenzhen-based online game developer and operator, for a consideration of over CNY150 million. On the completion of this transaction, Tencent will own the complete stake in SZdomain. Tencent said that it will […]

Tencent, China Merchants Bank Sign Strategic Agreement

Chinese Internet company Tencent and China Merchants Bank have signed a strategic cooperating agreement to realize overall cooperation for the construction of a financial service platform.

China’s Tencent Buys USD300 Million Stake In Eastern European Internet Firm

China’s Tencent Holdings Limited announced a USD300 million investment in Digital Sky Technologies Limited, a large Internet company focused on Russian-speaking and Eastern European markets.

China’s Tencent To Focus More On Search Engine Services

With the slogan of “Soso knows you better”, the Chinese Internet company Tencent has announced plans to set up its fifth major business division for the development of search engine services in 2010.