Tencent adapting “Elden Ring” for mobile. Shifts to free-to-play, diverging from the original. Urgency due to recent gaming release underperformance. In an effort to revitalize its aging portfolio of games, Tencent Holdings, the world’s largest gaming company, has reportedly been working on adapting the critically acclaimed action role-playing console game “Elden Ring” into a mobile … Read more
Hunyuan is a multimodal large language model developed by Tencent. It is similar in power and capabilities to GPT-3, OpenAI’s core model as of 2022. Hunyuan has been seamlessly integrated into Tencent’s extensive ecosystem Tencent, the prominent Chinese technology corporation, has unveiled its latest artificial intelligence system called “Hunyuan,” which is a multimodal large language … Read more
China’s two largest technology companies fined for failing to comply with anti-monopoly rules. List of 28 transactions that did not comply with regulations was released by market regulator. Maximum possible penalty for each offence is 500,000 yuan, equivalent to $74,688. China’s market regulator announced on Sunday that the nation’s two largest technology companies, Alibaba (9988.HK) … Read more
Hong Kong’s stock trade said on Tuesday. It had enrolled banks including HSBC (HSBA.L). Organizations like China’s Tencent (0700.HK) to assist. Hong Kong Exchanges and Clearing Ltd said in a proclamation that it was setting up the Hong Kong International Carbon Market Council. Overall endeavors to battle environmental change have brought forth willful carbon markets, … Read more
Hong Kong stocks closed lower on Monday, dragged down by using falls in tech titans together with Alibaba and Tencent. The Hang Seng Index fell 1.19 percent, or 247.18 factors, to 20,470.06. The Shanghai Composite Index ended flat, adding just 0.29 points to 3,146.86, while the mainland’s second exchange, the Shenzhen Composite Index, rose 0.56 … Read more
On Thursday morning, Chinese IT giants’ stocks plummeted after Tencent posted disappointing earnings, fueling fears of a bleak earnings season as China’s economic outlook worsened. Tencent’s Hong Kong-listed shares plunged more than eight percent in early trading before paring losses slightly, a day after it posted its slowest revenue gain since going public in 2004. … Read more
China’s leading tech companies have added nearly 80,000 positions since July and are “full of optimism.” One of the regulators driving China’s significant crackdown on private enterprise, has attempted to allay fears about the impact on employment. The Cyberspace Administration of China stated on Friday that the country’s 12 internet giants hired more workers than … Read more
BEIJING: Digital economy is interlinked with innovation and wide infrastructure. Both of these aspects are still untapped from Pakistan’s perspective; therefore, the Shanghai Cooperation Organisation (SCO) members could use the Pakistani market, its resources to boost its digital economy, an official said. Addressing a seminar on the “Digital economy driving SCO innovation and development”, Commercial … Read more
BEIJING – Beijing on Wednesday denied a report that it was looking to plug a loophole used by Chinese tech companies to go public on foreign stock markets. Bloomberg News reported, citing unnamed people familiar with the matter, that China was planning to ban firms from using offshore structures known as variable interest entities (VIE), … Read more
BEIJING: US-listed Chinese microblogging platform Weibo is seeking to raise up to $547 million in a share offer in Hong Kong, documents showed on Monday, the latest China tech company to list closer to home as tensions with the United States rise. Several US-listed Chinese tech firms such as Alibaba have held initial public offerings in … Read more
BEIJING, Gaming and messaging giant Tencent has been told all its new apps and updates must be approved by the government, state media reported, as Beijing continues its domestic tech sector crackdown. The Chinese government has moved to exert more authority over the industry in the past year, citing concerns that tech giants in the … Read more
RIYADH: Alibaba Group Holdings, Tencent Holdings and Baidu were among the companies ordered by China’s competition watchdog to pay fines of 21.5m yuan ($3.4 million) in the latest round of sanctions in the country’s ongoing crackdown on monopolies, Bloomberg reported. The companies must pay 500k yuan ($78k) for each of the 43 antitrust violations, the State Administration … Read more
SHANGHAI: Chinese games and messaging colossus Tencent Holdings has acquired the Japanese creative studio behind several hit Nintendo Switch titles, a report Friday said, as it seeks to recover from a government crackdown on the gaming sector. Tencent has taken about a 90 per cent stake in Wake Up Interactive for more than 5 billion … Read more
About a year ago, Tencent launched the PUBG Mobile Lite, the lite version of the most popular FPS game, Pubg Mobile. The lite version of the game can run on any Android device having 1-2GB RAM. As the name suggests, it is a low-graphics mobile shooter game suitable for low-end devices. Pung Mobile Lite only … Read more
Tencent has announced that their most popular game Player’s Unknown Battle Grounds (PUBG) has crossed one billion downloads since its launch in 2018. According to the reports, these downloads are outside of the People’s Republic of China. In other words, the Chinese publisher has seen great success around the world by porting the mobile variant … Read more
US President Donald Trump signed executive orders according to which the US firms must stop doing business with TikTok and WeChat within 45 days. President Trump said that he signed the orders to “protect our national security”. He said that he has found “additional steps must be taken to deal with the national emergency with … Read more
