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Tencent Holdings

China’s Alipay and WeChat Pay ease the way for foreign travellers to make payments in world’s largest cashless society

by Anas Siddiqui
China’s Alipay and WeChat Pay ease the way for foreign travellers to make payments in world’s largest cashless society

Alipay’s annual cumulative transaction limit for foreign visitors has also been increased to US$50,000, up from the previous US$10,000 limit, in line with a new People’s Bank of China policy, …

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Chinese venture capitalist Allen Zhu steers clear of mainland tech firms’ AI large language model frenzy

by Anas Siddiqui
Chinese venture capitalist Allen Zhu steers clear of mainland tech firms’ AI large language model frenzy

“I believe in applications and those that can commercialise immediately,” said Zhu, who indicated that he did not invest in any LLM-focused company on the mainland last year. Sample code …

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Alibaba’s cloud computing unit cuts prices on 100 core products in China to capture more users involved in AI development projects

by Anas Siddiqui
Alibaba’s cloud computing unit cuts prices on 100 core products in China to capture more users involved in AI development projects

Alibaba Group Holding’s cloud computing unit has cut prices by up to 55 per cent on more than 100 core products – the largest discount offering in the company’s history …

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Bitcoin remains fast-trending topic on Chinese social media as cryptocurrency’s surging price overcomes stigma of government ban

by Anas Siddiqui
Bitcoin remains fast-trending topic on Chinese social media as cryptocurrency’s surging price overcomes stigma of government ban

Bitcoin’s popularity also increased more than 358 per cent from a day ago on Chinese super app WeChat, according to Tencent Holdings’ official WeChat Index, which tracks keyword traction across …

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South Korea’s major video gaming companies bet big on China’s continued openness to franchises with proven track record overseas

by Anas Siddiqui
South Korea’s major video gaming companies bet big on China’s continued openness to franchises with proven track record overseas

A version of this article was first published by The Korea Times in a partnership with the South China Morning Post. South Korea’s major video gaming companies see bright prospects …

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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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China remains a tough market to stage a comeback for world’s former top smartphone vendor Samsung

by Anas Siddiqui
China remains a tough market to stage a comeback for world’s former top smartphone vendor Samsung

This article was first published by The Korea Times in a partnership with the South China Morning Post. A resident of eastern Jiangsu province, 48-year-old Shen Ling used to own …

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China’s internet giants must step up opening their ‘walled gardens’, state media says, ahead of Tencent flagship game’s return to Douyin

by Anas Siddiqui
China’s internet giants must step up opening their ‘walled gardens’, state media says, ahead of Tencent flagship game’s return to Douyin

“In the future, internet companies need to be more open-minded and inclusive to promote truly win-win cooperation in the industry,” the Securities Times article said. Increased collaboration between China’s major …

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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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