Tencent

Tim Hortons marks two years in China with Tencent investment

Tim Hortons, the Canadian coffee and doughnut giant, has raised a new round of funding for its Chinese venture. The investment is led by Sequoia China with participation from Tencent, its digital part

TikTok parent ByteDance joins patent troll protection group LOT Network

LOT Network, the nonprofit that helps businesses of all sizes and across industries defend themselves against patent trolls by creating a shared pool of patents to immunize themselves against them, to

Tencent backs digital rights startup Pex in $57M round

Pex, a startup aiming to give rightsholders more control over how their content is used and reused online, has raised $57 million in new funding. The round comes from existing investors including Susa

China court accepts ByteDance case filing against Tencent over alleged monopoly

ByteDance is bringing its battle with archrival Tencent to the court at a time when the Chinese government moves to curve the power of the country’s internet behemoths. The Beijing Intellectual

China’s draft payments rules put Ant, Tencent on notice

A string of recent events in China’s payments industry suggests the duopoly comprising Ant Group and Tencent may be getting a shakeup. Following the abrupt call-off of Ant’s public sale an

Chinese esports player VSPN closes $60M Series B+ round to boost its international strategy

Esports “total solutions provider” VSPN (Versus Programming Network) has closed a $60 million Series B+ funding round, joined by Prospect Avenue Capital (PAC), Guotai Junan International and Nan F

WeChat advances e-commerce goals with $250B in transactions

WeChat continues to advance its shopping ambitions as the social networking app turns 10 years old. The Chinese messenger facilitated 1.6 trillion yuan (close to $250 billion) in annual transactions t

TikTok’s Chinese version Douyin launches an e-wallet

Tencent’s WeChat Pay and Alibaba’s affiliate Alipay have long dominated digital payments in China, but they have always faced new challengers. The latest entrant in online payments is Douy

Tencent-backed Hike, once India’s answer to WhatsApp, has given up on messaging

India’s answer to WhatsApp has completely moved on from messaging. Hike Messenger, backed by Tencent, Tiger Global and SoftBank and valued at $1.4 billion in 2016, earlier this month announced that

Signal and Telegram are also growing in China — for now

As fears over WhatsApp’s privacy policies send millions of users in the West to Signal and Telegram, the two encrypted apps are also seeing a slight user uptick in China, where WeChat has long d

Vision Fund backs Chinese fitness app Keep in $360 million round

As Chinese fitness class provider Keep continues to diversify its offerings to include Peloton-like bikes and health-conscious snacks, among other things, it’s bringing in new investors to fund

Tencent investment stays on game in 2020

It’s no secret that Tencent, the Chinese tech giant behind WeChat and a handful of blockbuster video games, is an aggressive investor. Even during 2020 when the pandemic slowed down economic act

This Week in Apps: Apple bans party app, China loses 39K iOS games, TikTok births a ‘Ratatousical’

Welcome back to This Week in Apps, the weekly TechCrunch series that recaps the latest in mobile OS news, mobile applications and the overall app economy. The app industry is as hot as ever, with a

Tencent backs Chinese healthcare portal DXY in $500M round

DXY, a 20-year-old online healthcare community for Chinese consumers and healthcare organizations like Pfizer, announced this week that it has raised $500 million in its Series E round led by private

Tencent-led consortium will lift stake in Universal Music to 20%

Tencent is further strengthening its ties with music giant Universal Music Group as it continues to dominate the Chinese music streaming market. A consortium led by Tencent and comprising Tencent Musi

Tencent invests in DJI-backed agritech startup FJ Dynamics

Back in 2018, Tencent pledged to put more focus on enterprises as traditional industries in China increasingly tapped technology to boost productivity. The firm’s industrial projects range from

Singapore is poised to become Asia’s Silicon Valley

Long established as a global financial center, Singapore also looks set to become the “Silicon Valley of Asia.” Tencent, ByteDance and Alibaba are reportedly planning regional hubs in the

China court blacklists cash-strapped apartment rental startup Danke

As financial troubles escalate at Danke, China’s authorities are stepping in to hold the once-promising apartment rental and sharing company accountable. In recent weeks, landlords who did not r

China’s tech firms rush to deliver solutions for grocery shopping

Nearly all of China’s largest internet firms have established a presence in online grocery. Just this week, news arrived that Alibaba co-led the $196 million C3 funding round of Nice Tuan, the t

Is a new game and $100M investment enough for South Korea’s PUBG to return to India?

South Korea-based PUBG Corporation, which runs sleeper hit gaming title PUBG Mobile, announced last week that it plans to return to India, its largest market by users. But its announcement did not add
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