Tencent Races to the Top Spot as Biggest Company in Asia

ChinaYibada — Reports were released Monday revealing that Tencent is now the largest Asian company and had overtaken Alibaba. Tencent’s current market value is at HK$1.99 trillion or $255.8 billion.Li Chengdong, a Beijing-based independent e-commerce strategy ­analyst, said, “Tencent’s market value is based on its current and previous good financial situation, which is driven by the company’s core businesses including advertisements, games, e-commerce and financial services.”

http://en.yibada.com/articles/157404/20160906/tencent-races-top-spot-biggest-company-asia.htm

 

Tencent’s Splurge on Entertainment Pays Off in Record Profit

ChinaBloomberg — Tencent Holdings Ltd.’s shopping spree on premium content from Game of Thrones to NBA broadcasts has again helped defy investors’ expectations and a slowing Chinese economy. Second-quarter sales and profit beat analysts’ estimates as the operator of the WeChat and QQ social network services splashed out on mobile games and content — including anything from anime and comics to novels.

http://www.bloomberg.com/news/articles/2016-08-17/tencent-profit-beats-estimates-as-mobile-games-lure-spenders

How Tencent is taking over global gaming

ChinaTech in Asia — Tencent has done it again. The Chinese social and gaming giant has for years now been one of China’s biggest overseas investors, but its most recent purchase may take the cake: the company has splashed US$8.9 billion to acquire Supercell. Supercell, the Finnish mobile game developer behind the global hit Clash of Clans, is the second-biggest mobile game company on earth according to Pocket Gamer, and it did a whopping US$2.3 billion in saleslast year.

https://www.techinasia.com/tencent-gaming-world

WeChat may be king, but Weibo isn’t as dead as you think

ChinaTech in Asia — We all know that WeChat is the hottest social media platform in China, and that’s been the case for some time. But has Sina Weibo, which was once the belle of China’s social media ball, fallen completely by the wayside? Maybe not. In fact, it might even be making a bit of a comeback.

https://www.techinasia.com/wechat-king-weibo-dead-data-shows

Line and WeChat Strike Advertising Gold

APACWSJ — Marketing on mobile messaging apps has yet to take root in the U.S. and Europe in a big way, but it is already in full swing in Asia. And even then, Japan’s Line and China’s WeChat, two of the dominant mobile messaging applications in the region, are just beginning to scratch the surface of a potential advertising gold mine.

http://www.wsj.com/articles/line-and-wechat-strike-advertising-gold-1466613181

Tencent partners to expand WeChat Pay in Japan

JapanMobile World Live — Chinese internet giant Tencent is partnering with Japanese social data provider Hotto Link to roll out its WeChat Pay service to 10,000 stores in Japan by the end of the year. According to Nikkei Asia Review, only a few Japanese stores have adopted WeChat Pay, which is targeted at Chinese travellers who account for a quarter of all visitors to Japan and spend a lot more than other groups.

Tencent partners to expand WeChat Pay in Japan

3 reasons WeChat failed internationally (and most other Chinese apps do too)

ChinaTech in Asia — Yesterday, my colleague Steven wrote an excellent piece about Tencent’s chat app WeChatand how, despite the money Tencent poured into marketing via stars like Lionel Messi, the app simply hasn’t caught on outside of China. In virtually every market Tencent targeted, WeChat is still playing second fiddle to Facebook’s apps.

https://www.techinasia.com/3-reasons-wechat-failed-internationally-chinese-apps

WeChat’s global expansion has been a disaster

ChinaTech in Asia — WeChat, the messaging app that’s absolutely everywhere in China, once had global ambitions. It has “great potential to be popular internationally,” said an executive at the Chinese social media giant back in the fall of 2012. The company didn’t just sit back and hope it would happen – starting that year it went out and pushed hard so that parent company Tencent, one of China’s top web companies with a market value of US$197 billion, could have its first overseas success.

https://www.techinasia.com/wechat-global-expansion-fail

,Tencent: WeChat can help brands tap into Mainland market

ChinaEnterprise Innovation — The vast majority of Chinese tourists have already made purchasing decisions for foreign products before they travel, according to findings from Tencent International Business Group (IBG). Importantly, this is influenced by the advertisements and promotions on social platforms, which Tencent IBG thinks is not fully leveraged by marketers.

http://www.enterpriseinnovation.net/article/tencent-wechat-can-help-brands-tap-mainland-market-594758385

ZTE and Tencent reveal jointly developed low-energy data center

ChinaNikkei — BEIJING — China’s leading mobile hardware maker ZTE and internet services company Tencent Holdings have jointly developed an environmentally-friendly data center. According to a joint statement on Monday, the “Tencent West Lab,” as it is named, is a mobile, containerized data center requiring low levels of energy for operation.

http://asia.nikkei.com/Business/AC/ZTE-and-Tencent-reveal-jointly-developed-low-energy-data-center

7 Chinese companies that will shape the future of the tech industry: My week in Beijing

ChinaZDNet — If you still think Chinese tech companies are only about replicating the innovations that others have made, then you’ve got some catching up to do. Today’s Chinese tech sector is filled with a number of disruptive companies that are not only competing but leaping ahead in the race to build better products and use tech to solve important problems.

http://www.zdnet.com/article/7-chinese-companies-that-will-shape-the-future-of-the-tech-industry-my-week-in-beijing/

Tencent’s earnings boosted by online ads, though slowdown creeps in

ChinaNikkei — HONG KONG — Tencent Holdings reported strong first-quarter earnings that beat analyst forecasts as the Chinese tech giant drew in more users and advertisers to its gaming and social media platforms. However, some advertisers are growing cautious in their spending amid the country’s economic slowdown.

http://asia.nikkei.com/Business/AC/Tencent-s-earnings-boosted-by-online-ads-though-slowdown-creeps-in

Alibaba and WeChat duke it out in the war to be China’s Slack

ChinaTech 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.

https://www.techinasia.com/alibaba-wechat-duke-war-chinas-slack

WeChat just launched a Slack competitor, but there’s a catch

ChinaThe 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.

China’s Tencent in talks for $2 billion loan; Eyes expansion

ChinaAsia 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.

http://atimes.com/2016/04/chinas-tencent-in-talks-for-2-billion-loan-eyes-expansion/

Why did WeChat succeed in China where other apps failed?

ChinaTech in Asia — When Tencent first launched WeChat back in January, 2011, nobody predicted that the bare-bones, mobile-only messenger was just five years away from being an ecommerce and social media juggernaut with well over half a billion users. The last half decade saw China’s former social media giants get used to living in WeChat’s shade.

https://www.techinasia.com/why-wechat-succeeded-china

Tencent’s QQ Browser Rife With Privacy Problems

ChinaChina 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.

Tencent’s QQ Browser Rife With Privacy Problems

BBC docs for Tencent

ChinaAdvanced 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.

BBC docs for Tencent

Apple now accept payments through WeChat

ChinaAdd 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.

https://www.techinasia.com/buy-iphone-ipad-wechat-pay-china

Citizen Lab adds Tencent QQ to browser hall of shame

ChinaZDNet — 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.

http://www.zdnet.com/article/citizen-lab-adds-tencent-qq-to-browser-hall-of-shame/

Tencent brings in revenues of nearly CNY103 billion for 2015

ChinaDigi 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.

http://www.digitimes.com/news/a20160318PD201.html

A unicorn is born: China’s version of Twitch lands big funding from Tencent, Sequoia

ChinaTech 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.

https://www.techinasia.com/unicorn-born-chinas-version-twitch-lands-big-funding-tencent-sequoia

Tencent maps out freemium empire with chat app

China.gifNikkei — HONG KONG — China’s Tencent Holdings is poised to spin its hit chat application into a unique digital economic sphere, leveraging its massive user base to take over the domestic market for premium smartphone-based services. The social networking giant’s WeChat smartphone app boasted nearly 700 million users at the end of 2015 — more than half of the national population.

http://asia.nikkei.com/Business/AC/Tencent-maps-out-freemium-empire-with-chat-app

Tencent Invests in Chinese Nip-Tuck App in $50 Million Round

ChinaBloomberg — 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.

http://www.bloomberg.com/news/articles/2016-03-14/tencent-invests-in-chinese-nip-tuck-app-in-50-million-round

Naspers, Tencent-backed travel group gets $250m more to slay India’s hotel industry

IndiaTech 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.

https://www.techinasia.com/naspers-tencent-backed-ibibo-group-250m-slay-india-hotels

WeChat is building its own Slack

ChinaTech in Asia — Tencent, the company behind China’s wildly popular messenger/digital wallet/everything app WeChat, is planning to launch a new messenger aimed at office workers – and Slack had better watch out. The company hasn’t yet pegged a definite release date for Enterprise WeChat (企业微信), as it will be called, but there are a few things we know for sure.

https://www.techinasia.com/wechat-slack-work-office-chat

WeChat Pay goes global in search of Chinese tourist dollars

China.gifTech 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).

https://www.techinasia.com/wechat-pay-global-search-chinese-tourist-dollars

WeChat will soon let content creators charge for article reads

ChinaTech in Asia — There’s no doubt that WeChat is the cutting edge when it comes to media in China. But the company is working on rolling out a new feature that sounds decidedly-old school: allowing writers to charge for access to articles. Reports in the Chinese press have suggested that this feature is already on WeChat for beta testing. Tencent representatives say that’s not true, but in their response to TechWeb, they confirm that paid reading is coming sometime soon.

https://www.techinasia.com/wechat-content-creators-charge-article-reads

China poised to leapfrog Japan to rank as No 2 market behind US for information technology goods and services

ChinaSCMP — 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.

http://www.scmp.com/tech/article/1909887/china-poised-leapfrog-japan-rank-no-2-market-behind-us-information-technology