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Tencent Holdings

Tencent launches AI platform to decode inscriptions on China’s ancient oracle bones

by Anas Siddiqui
Tencent launches AI platform to decode inscriptions on China’s ancient oracle bones

Tencent has launched its Oracle Bones Corpus, an online platform and database dedicated to the study of the ancient inscriptions, that uses AI tools to help researchers translate those writings …

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Tencent’s DnF Mobile rises as new runaway hit for video gaming giant, surpassing Honour of Kings’ daily revenue on debut

by Anas Siddiqui
Tencent’s DnF Mobile rises as new runaway hit for video gaming giant, surpassing Honour of Kings’ daily revenue on debut

The mobile version of Dungeon & Fighter Online, the personal computer (PC) game developed by Nexon subsidiary Neople, on May 22 outstripped the daily revenue of those two high-performing Tencent …

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Alibaba, JD.com convertible bond sales may spur other Chinese internet giants

by Anas Siddiqui
Alibaba, JD.com convertible bond sales may spur other Chinese internet giants

More Chinese technology companies might turn to convertible bonds after Alibaba Group Holding and JD.com raised a combined US$6.5 billion through such notes. Alibaba sold US$4.5 billion in debt that …

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Temu, Pinduoduo parent PDD trades near cheapest level ever as tech war, Alibaba rivalry deter investors

by Anas Siddiqui
Temu, Pinduoduo parent PDD trades near cheapest level ever as tech war, Alibaba rivalry deter investors

Shares of Temu parent PDD Holdings are being held back by geopolitical risks and fierce competition in China’s e-commerce sector. Granted, it US-listed stock has surged 43 per cent from …

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Tencent’s WeChat Pay expands coverage to the Maldives amid rebound of Chinese holidaymakers heading overseas

by Walter Watson
Tencent’s WeChat Pay expands coverage to the Maldives amid rebound of Chinese holidaymakers heading overseas

Tencent Holdings’ WeChat Pay can now be used by mainland Chinese tourists in the Maldives, as the expanded coverage of the firm’s popular digital wallet rides on the recovery of …

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ByteDance-owned TikTok said to lay off hundreds of employees globally as a potential US ban looms

by Anas Siddiqui
ByteDance-owned TikTok said to lay off hundreds of employees globally as a potential US ban looms

TikTok is cutting hundreds of jobs at its operations and marketing departments, according to two people familiar with the matter, in line with efforts by parent company ByteDance since late …

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Hot Chinese AI start-up Moonshot in talks for new funding, boosting valuation to US$3 billion

by Anas Siddiqui
Hot Chinese AI start-up Moonshot in talks for new funding, boosting valuation to US billion

Chinese artificial intelligence (AI) start-up Moonshot AI is in talks with investors for additional financing that would value it at more than US$3 billion, making it the highest valued start-up …

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Hang Seng Index to eject Country Garden Services, add handset maker BYD Electronic

by Anas Siddiqui
Hang Seng Index to eject Country Garden Services, add handset maker BYD Electronic

Hang Seng Indexes Company, the compiler of Hong Kong’s Hang Seng Index, will add handset assembler BYD Electronic International to the benchmark following its latest quarterly review, replacing Country Garden …

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Baidu ekes out modest quarterly revenue growth amid escalating generative AI competition in China

by Anas Siddiqui
Baidu ekes out modest quarterly revenue growth amid escalating generative AI competition in China

Baidu, China’s search engine and artificial intelligence (AI) giant, reported 1 per cent revenue growth in the first quarter of 2024, in line with consensus estimates, as the Beijing-based company …

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Alibaba opens new global headquarters in Hangzhou, China on annual family day

by Anas Siddiqui
Alibaba opens new global headquarters in Hangzhou, China on annual family day

The new complex, comprising seven buildings spanning nearly 1 million square metres (10.7 million square feet) of floor area, has enough office space to accommodate 30,000 employees, according to local …

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