Tech in Asia — Last week, WeChat rolled out its answer to Slack, WeChat Enterprise. But while Slack itself has never had a large presence in China, WeChat isn’t waltzing into this market alone – Alibaba’s DingTalk was there first, and the company isn’t looking to give in easily.
The Next Web — WeChat is ready to take on a new market: the office. The company today launched WeChat Enterprise, essentially its competitor to the ever-growing Slack. First announced in March, it has most of the features you expect from standard WeChat. You can make groups, send photos, voice clips, files, locations and even stickers. However, it differentiates itself with a few work-centric changes.
Asia Times — Much like in the US, China’s Internet giants are borrowing large amounts of money in order to take each other on for dominance of the online market. On Friday, it was reported that Tencent Holdings, best known for its WeChat mobile app, is seeking a loan of up to $2 billion, two people involved in the financing told Thomson Reuters LPC, a loan-focused news service.
China Tech News — Unfortunately it would be more of a surprise that a Chinese Internet company did not have a security hole, but the latest finding from an overseas research team confirms that Tencent’s QQ Browser leaks user data. Tencent, China’s largest Web portal company, itself also confirmed the vulnerabilities to the researchers at Citizen Lab, an interdisciplinary laboratory based at Canada’s Munk School of Global Affairs in the University of Toronto.
Advanced Television — BBC Worldwide Asia has announced a new licensing deal with Chinese ISP Tencent at MIPTV. The deal will see more than 1,000 hours of documentaries from the BBC added to the Tencent online video platforms, including v.qq.com and the Tencent Video app.
Add this to the list of things you can do with WeChat: buy Apple gadgets. Tencent’s messaging-app-cum-everything-platform announced Wednesday that support for WeChat Pay has been added to Apple’s official online stores in China. That means that you can now use WeChat pay for all of your Apple gadget and accessory needs.
ZDNet — The QQ browser from Tencent has been found by Citizen Lab, a research group within the University of Toronto, to be transmitting personally identifiable data with little or no encryption, leaving users open to man-in-the-middle data collection. In its findings, Citizen Lab said that QQ is also vulnerable to arbitrary code execution thanks to an insecure update process.
Digi Times — Tencent on March 17 released its financial report for 2015, with consolidated revenues of CNY102.863 billion (US$16.37 billion) increasing 30.32% on year, according to the company. There were 853 million active users of QQ and 697 million active users of WeChat instant messenger each month in 2015, Tencent said.
Tech in Asia — To many, watching other people play video games sounds like a special rung of hell. But Twitch.tv has proven that the younger generations are into it, and that they’re willing to spend quite a bit of money following their favorite streamers. In China, Douyu TV is doing the same thing. And it just finalized a US$100 million investment to help further its expansion.
Bloomberg — Not happy with your nose and want to check out the nearest plastic surgery center? There’s an app for that in China and it lets you share before and after photos with other users. SoYoung Technology (Beijing) Co., the developer of the application, has attracted Tencent Holdings Ltd. in a financing round of $50 million, according to a statement from the company on Monday.
Tech in Asia — Indian online travel venture ibibo Group has a quarter of a billion reasons to celebrate. Last night, it announced that South African global internet and media company Naspers Group will be pouring another US$250 million of investment into the group. Ibibo is a joint venture between Naspers and Chinese internet giant Tencent.
Tech in Asia — The battle over the Chinese epayment market is raging fiercely now that Apple Pay and Samsung Pay have taken to the field in China. But WeChat Pay is heading in the opposite direction: the service announced yesterday that it’s launching support for overseas vendors. The system will allow Chinese users to put money into their WeChat Pay accounts in RMB (as they currently do).
SCMP — Unfazed by a lingering economic slowdown, China is on pace to overtake Japan this year as the world’s second-largest market for information technology goods and services, behind the United States. Business and government expenditure on technology, including telecommunications services, in mainland China is forecast to reach US$224 billion this year, compared with US$203 billion in Japan, according to new data from Forrester Research.
China Tech News — Tencent’s WeChat launched a new function named “WeChat Out”, which allows users to call fixed-line phones or mobile phones, aiming to compete with its Asian competitor Line. This new function is currently only available in some markets outside mainland China, including the U.S., Hong Kong, and India. However, Tencent promised that it will soon be available in more countries and regions.
At CES on Tuesday, Chinese social media giant Tencent made a surprising announcement: it’s launching a drone called “Ying.” Produced in partnership with Zerotech (a Chinese drone company that makes quadcopters), Tencent’s new flying friend will allow users to live-stream video in 720p directly to WeChat or QQ.
mNm Brella — Tencent, China’s leading internet company, today formed a strategic partnership with Dentsu Aegis Network to allow joint access to its smart data and establish an integrated big data ecosystem in China, by bringing together disparate data islands. Network brands will be able to leverage Tencent’s data to improve Data Management Platform, facilitate programmatic buying, e as well as the ability to analyse consumers’ brand experience and attitudes that will guide advertising spend.
Tech in Asia — Tencent threw a lot of money at startups last year – and that trend accelerated in 2015. Our data shows that Tencent was involved in about 50 deals around the world. For this list, we’ve combined the 20 biggest ones to show you what the web giant and WeChat maker is interested in right now.
Times of India — HONG KONG: WeBank, the online finance arm of Chinese tech firm Tencent Holdings Ltd, is looking to raise about $1 billion to expand its lending business and other financial services, a person with knowledge of the matter said on Wednesday. WeBank, launched in January, plans to hold discussions primarily with private equity investors over the next couple of months, said the person, who declined to be identified as the matter has not been announced.
Forbes — Beijing: Oracle has signed a non-binding memorandum of understanding with Tencent Cloud, China’s largest and most-used internet service portal, with an objective of offering cloud services in China. The agreement, which signals the growing similarity between business and consumer technology services, was announced November 12 by Loic Le Guisquet, Oracle’s president for Europe, Middle East and Africa (EMEA) and Asia Pacific, at Oracle CloudWorld in Beijing.
With news this week of malware infesting Apple mobile apps and a new mobile virus infecting Chinese users’ smartphones, more scrutiny is being placed on Chinese technology firms to help protect netizens. Tencent has taken the lead with the announcement of its Thunder Action. This is the company’s special initiative against Internet phishing, pornography, and malicious information.
The Star — SEOUL: Kakao Corp, the operator of South Korea’s largest mobile messaging app, said Tencent Holdings Ltd and eBay Inc have joined its bid for a new South Korean Internet bank license. Tencent and eBay will make their investments through subsidiaries, which are expected to take stakes of 4% or less in the bank should a license be gained, a Kakao spokesman said. He declined to comment on financial terms.
Business Insider — Some of the most powerful tech leaders got together in Seattle to greet Chinese President Xi Jinping on his visit to the US Wednesday. And based on the group photo tweeted out by Seattle Times reporter Matt Day, it was a star-studded event:
CKGSB — Jack Ma’s mix of charm, drive and self-deprecation was on display as he addressed the Economic Club of New York in the Grand Ballroom of the Waldorf Astoria in early June. As club members tucked into a lunch of herb-stuffed chicken breast, mushroom risotto and baby zucchini, the Alibaba founder and Executive Chairman breezed through topics that ranged from his days as an English teacher back in 1988 in Hangzhou to the future of his e-commerce powerhouse.
YIBADA — For the second time, Tencent was named the most valuable Chinese brand of the year, according to the Hurun Research Institute. The Shenzhen-based Internet giant, which operates the popular instant message service WeChat, posted a brand value jump of 33 percent, which is equivalent to 277 billion yuan, Hurun stated in a press release issued on Thursday.
Channel News Asia — BEIJING: Chinese Internet company Tencent Holdings has said that it will invest more than US$1.5 billion over the next five years in its cloud-computing business. This will include construction and operation of data centres in China, Hong Kong and North America, and also to recruit new talent and promote cloud services through marketing campaigns.