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Pony Ma Huateng

Tencent profit jumps 82%, beating estimates after strong video gaming, ad growth

by Anas Siddiqui
Tencent profit jumps 82%, beating estimates after strong video gaming, ad growth

Tencent Holdings saw profits jump 82 per cent in the second quarter, beating analyst estimates, on the back of new video gaming growth and improved advertising performance. Profit reached 47.6 …

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Tencent launches Yuanbao AI assistant app as internet giant moves to close gap with other Chinese chatbots

by Anas Siddiqui
Tencent launches Yuanbao AI assistant app as internet giant moves to close gap with other Chinese chatbots

Yuanbao can be used to analyse and summarise documents, provide questions and answers, and generate texts and images, similar to the functions of ChatGPT and alternative Chinese AI chatbots. Tencent’s …

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Chinese social media platform Weibo removes fake images showing a rapidly ageing Tencent founder Pony Ma

by Anas Siddiqui
Chinese social media platform Weibo removes fake images showing a rapidly ageing Tencent founder Pony Ma

Chinese social media platform Weibo has deleted a number of accounts publishing and spreading a retouched photo of a grey-haired and wrinkle-faced Pony Ma Huateng, Tencent Holdings’ founder and CEO, …

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ByteDance CEO wants to whip employees into shape, as they lack a ‘sense of crisis’ amid fierce competition at home and abroad

by Anas Siddiqui
ByteDance CEO wants to whip employees into shape, as they lack a ‘sense of crisis’ amid fierce competition at home and abroad

The chief executive of ByteDance, owner of TikTok and its Chinese sibling Douyin, said the company lacks a sense of crisis, which has made the Chinese social media giant slow …

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Tencent chairman Pony Ma sets confident tone for internet giant in 2024 amid WeChat’s improved business prospects, sources say

by Anas Siddiqui
Tencent chairman Pony Ma sets confident tone for internet giant in 2024 amid WeChat’s improved business prospects, sources say

The 52-year-old Ma, who kept a low profile during China’s 32-month crackdown on Big Tech firms, delivered that positive message in a speech before Tencent’s annual staff meeting on Monday …

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Tencent’s e-commerce drive takes off in 2023 on the back of super app WeChat’s short video and live streaming function

by Anas Siddiqui
Tencent’s e-commerce drive takes off in 2023 on the back of super app WeChat’s short video and live streaming function

WeChat’s short video and live streaming function enabled the platform to record nearly triple gross merchandise volume (GMV) in 2023, according to information released on Thursday during the app’s annual …

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Tencent can shoulder latest US tech export restrictions as internet giant has large stockpile of much-coveted Nvidia AI chips

by Anas Siddiqui
Tencent can shoulder latest US tech export restrictions as internet giant has large stockpile of much-coveted Nvidia AI chips

“We have enough chips to continue our development for Hunyuan for at least a couple more generations,” Tencent president Martin Lau Chi-ping said in a conference call with analysts on …

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