Search results for "tencent"

Chinese tech giant Tencent said it last year dismissed more than 120 employees for violating its anti-fraud rules, including for corruption and embezzlement. The Hong Kong-listed company is the world’s top video game maker and the...

Chinese tech giant Tencent has cut more than 5,000 staff and shut down parts of its business as it grapples with its first sales fall in its history. Revenue at the firm slipped 3% year-on-year in...

Tencent Music Entertainment Group’s quarterly revenue jumped 18%, beating Wall Street estimates, as it put more music for streaming behind its paywall and grew its paid subscriber base by more than half. The strong performance comes...

5% stake in Afterpay Ltd, has been acquired by Tencent Holdings, the Australian buy-now-pay-later firm said on Friday. Shareholding of Tencent in Afterpay Ltd was worth around A$390 million ($251.55 million), contingent on Afterpay shares’ closing...

Shares in Tencent Music Entertainment Group, China’s music streaming giant, jumped almost 10% on their first day of public trade in New York. The listing raised about $1.1bn (£870m), based on an initial offering price of...

China-based music streaming company Tencent Music Entertainment Group said it raised close to $1.1 billion in its U.S. initial public offering (IPO) after pricing its shares at the bottom of its targeted range. The music arm of...

China’s Tencent Music has revived its plans to list in the US and raise up to $1.2bn (£940m). It would be one of the largest listings by a Chinese company on the New York Stock Exchange...

Chinese internet giant Tencent Holdings Ltd said it is looking to spin off and list its online music business, China’s biggest music-streaming company, in the United States. The proposed listing is a sign that the once-flagging...

China’s Tencent Holdings Ltd saw its shares down 4.51 percent at the midday trading break on Friday after the internet firm’s largest shareholder, Naspers Ltd, said it would lower its stake for the first time in...

The fundraising comes as Beijing has been promoting electric vehicles in its battle with urban smog, with startups flooding the market after it opened up the sector to investment from technology firms and other backers outside...