Tencent just added another portfolio member to its expanding global gaming empire, this time, to up its game in mobile casual plays. Voodoo, the French company behind a slew of popular casual games, announced Monday that Tencent has become a minority shareholder in its business valued at $1.4 billion. The company did not disclose the…
Digital entertainment titan Tencent continues to drum up its music ambitions. On Tuesday, Tencent Music Entertainment, majority-owned by Tencent with a 55.6% stake, announced establishing a new joint label with its licensing partner Universal Music Group to discover, develop and promote Chinese artists domestically and to the world. TME, which spun off from Tencent and…
The war between two of China’s largest esports companies may soon come to a truce at the will of their investor Tencent. Tencent, the world’s biggest games publisher, announced late Monday a proposal to consolidate Douyu and Huya, the competing livestreaming sites focused on video games. Rather than paying in cash, the deal will see…
It’s been seven years since Tencent picked up a 36.5% stake in Sogou to fend off rival Baidu in the online search market. The social and gaming giant is now offering to buy out and take private its long-time ally. NYSE-listed Sogou said this week it has received a preliminary non-binding proposal from Tencent to…
Tech firms around the world are in an overdrive to help battle the coronavirus pandemic. Research showed that 6.5% of COVID-19 patients can suddenly progress to serious illness, and among them the mortality rate can be as high as 49%. Therefore one of the key tasks for health authorities is to identify and treat patients…
A Tencent-affiliated streaming platform, dubbed Trovo, has entered the beta testing phase. Trovo is offering partners $30 million in rewards over eighteen months. This guaranteed income has the potential to lure streamers over from other platforms. With the dust from Mixer’s sudden closure yet to settle, a new contender has already entered the western live…
OtherSide Entertainment recently announced that Chinese company Tencent would be “moving forward” with the troubled System Shock 3. Right now, the tweet is not particularly clear on what that actually means. If developing this game has been this hard, is it even worth continuing? System Shock 3 is a game we’ve been for, for a…
Listeners of podcasts, audiobooks and other audio shows are estimated to number 542 million in China this year, according to a third-party survey by marketing firm iiMedia. It’s a healthy jump from the 489 million users recorded in 2019, and it no doubt has attracted new players to the game. That includes Tencent Music Entertainment…
The Communist Party of China has been accused of underreporting coronavirus cases and deaths. Allegedly-leaked data from Tencent suggests that coronavirus may be far more fatal than what is being reported. The Chinese government’s panic speaks volumes. Rumors that the Communist Party of China (CCP) is underreporting the extent of the coronavirus outbreak continue to…
MX Player, a popular video app that offers both local playback and streaming services, said on Wednesday that it has raised $110.8 million in a new financing round led by Chinese internet giant Tencent as the video app looks to expand its business in India and other international markets. Times Internet, which acquired a majority…
