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Moore Threads is one of China’s top GPU designers. Photo: Handout

China’s AI chip unicorn Moore Threads moves closer to possible IPO

The GPU and AI-accelerator start-up, founded by an Nvidia veteran, has become a joint-stock company after fresh investments.

Alibaba gives sellers a sweeter deal as Singles’ Day switch-up bears fruit

Chinese AI chip start-up Biren teams with compute start-up for performance gains

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Chinese unicorn Zhipu AI raises US$210 million to invest in start-ups

The Z Fund says it aims to take advantage of its parent’s leading position in China’s AI sector to discover promising early-stage start-ups.

The Zhipu AI booth at an industry conference in Shanghai. Photo: Handout

Chinese AI unicorn Zhipu adds Beijing, Shenzhen government funds as shareholders

The latest funding reflects how Chinese AI-related enterprises continue to attract new investment, despite US tech restrictions.

Tencent renews partnership with Bosch for deeper smart car collaboration

Tencent signed new MOUs with the German automotive supplier, as the Chinese tech giant seeks to expand the use of its AI services in EVs.

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Chinese data centre firm GDS raises US$1 billion for overseas expansion

That funding will help capitalise the development of up to 1 gigawatt of total data centre capacity outside China, according to GDS.

More enterprises are using data centres to host or manage high-performance computing systems for their artificial intelligence projects. Photo: Shutterstock

China’s Zhipu AI says its app can operate your smartphone for you

AutoGLM can order coffee, send messages and complete other tasks on smartphones based on voice prompts, according to the Chinese start-up.

Ant CEO Eric Jing touts tokenisation benefits for cross-border transactions

Tokenisation is a major focus of FinTech Week this year, in addition to AI, as Web3 in Hong Kong looks beyond ‘speculative’ cryptocurrencies.

Hong Kong unveils rules for ‘responsible’ AI use at FinTech Week

Any institution that wants to use AI ‘must formulate a governance strategy to provide direction on how [the] systems should be implemented,’ the government says.

Hong Kong FinTech Week 2024 kicked off on October 28 with a greater emphasis on artificial intelligence than Web3 compared with past years. Photo: Matt Haldane

China approves 128 titles in October, with Tencent the big winner

Goddess of Victory: Nikke and Supercell’s Squad Busters, both distributed in China by Tencent, were approved by the gaming regulator.

A boy plays the video game Black Myth: Wukong in a Sony store in Shanghai on August 26. Photo: EPA-EFE

Moonshot AI updates Kimi chatbot to offer capabilities akin to OpenAI o1

Kimi Chat Explore is touted by Moonshot AI as being able to ‘think and reflect’ in response to user queries.

Shopping on Taobao via WeChat: Tencent, Alibaba break digital wall

Users of Tencent’s WeChat can now buy and pay for products sold on Alibaba’s Taobao marketplace without leaving the multipurpose app.

Opinion | What truly drives China’s breakneck innovation (it’s not subsidies)

China’s success lies in its user-centric focus and ability to micro-innovate quickly and scale up in a vast, fiercely competitive market.

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Huawei’s Mate XT, billed as the world’s first trifold phone, in a Huawei store in Shanghai on September 14. Photo: EPA-EFE

Chinese tech giants from ByteDance to Meituan see rise in ‘golden week’ spending

Major online platforms for dining and travel-booking services recorded increased expenditure by mainland consumers during the annual holiday.

Mainland consumers splurged on travel and dining services provided by major online platforms during the annual break. Photo: Bloomberg

Tencent says WeChat payments jump during China’s ‘golden week’

Consumers in China appear to have loosened their purse strings after Beijing announced a slew of heavyweight measures to boost the economy.

My Take | China’s stock-market frenzy reflects social media’s growing sway over investors

The current investor euphoria has been aroused by the proliferation of upbeat short-video posts on Chinese social media.

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Assassin’s Creed publisher Ubisoft reviews ‘options’ amid Tencent buyout report

France’s largest video gaming firm, which has long been seen as a takeover target, declined to comment on Tencent’s reported buyout interest.

Ubisoft Entertainment has lost half of its stock-market value over the past 12 months, owing to product delays and the underperformance of some video game titles. Photo: Shutterstock

Tencent, Guillemot family said to eye buyout of French video gaming firm Ubisoft

Shares of Ubisoft, in which Tencent has a direct stake, have fallen about 40 per cent this year amid weaker-than-expected sales.

Mistimed exits cost key investors US$3 billion in China’s stock rally

Beijing’s stimulus package has boosted Chinese stocks, but some investors missed out on billions in potential gains by selling their shares before the rally.

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FinTech Week highlights AI, Chinese companies as Web3 hype fades

Two years after showcasing Hong Kong’s crypto pivot, FinTech Week organisers say the event can serve as an incubation platform for frontier technologies.

Signage at Hong Kong FinTech Week 2021 at the Convention and Exhibition Centre in Wan Chai. As hype around cryptocurrencies and blockchain fades, the show’s organisers see AI tech from the mainland taking centre stage. Photo: Shutterstock

In Hong Kong, young investors are chasing the US$1.8 trillion stock rally

An influx of young investors has overwhelmed some online trading platforms, leading some to opt for physical branches to open accounts to cash in on potential gains.

The flag for Hong Kong Exchanges and Clearing flies in Hong Kong. The city’s stock market has been on a tear in the past few days. Photo: Bloomberg

China approves 109 video games in September as Wukong fever remains high

China’s video game regulator has approved an average of 107 titles per month this year, as gamers question whether Black Myth: Wukong marks a turning point.

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Tencent cashes in on Futu as China boosts economic stimulus

Tencent has been unwinding some of its investment portfolio and the Futu share sale is in line with the strategy, a source says.

Chinese esports firm launches multi-title tournament in Asia with Saudi backing

The Esports Asian Champions League from Tencent-backed VSPO will start next year with seven to 10 undisclosed titles.

The arena for the esports exhibition at the 18th Asian Games on August 26, 2018. China has been seeking a greater foothold in the global esports industry in recent years. Photo: INASGOC via AP

Courier J&T chases shoppers pining for made-in-China goods

After expanding from Southeast Asia to China, the logistics firm has set its sights on the Middle East and South America.

A J&T delivery van is seen in Cairo, Egypt. Photo: Handout

US chokehold on China’s AI progress ‘unlikely to succeed’: report

China’s robust academic advancement and state-backed funding have made the nation a major challenger to the US in AI, according to ITIF.

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Global Impact | Can Black Myth: Wukong level up China’s soft power?

In this week’s issue of the Global Impact newsletter, we look at what the success of action role-playing game Black Myth: Wukong means for China’s gaming industry.

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Tencent
Headquartered in Shenzhen, Tencent is one of China's and the world's largest internet services companies, with interests in media, entertainment, web and mobile communications, advertising, e-commerce and internet banking.
Chairman / President
Ma Huateng
CEO / Managing Director
Ma Huateng
CFO / Finance Director
John Lo
Industry
Internet
Website
tencent.com
Headquarters address
Tencent Holdings Limited,Tencent Building,30th Floor, Kejizhongyi Avenue,Nanshan, Shenzhen,Guangdong, China
Stock Code
SEHK:700
Year founded
1998
last updated:
30 September, 2024
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