Tencent-Led Consortium to Increase Stake in Universal Music Group to 20%

 /  Money  / 
A consortium led by Tencent will buy an additional 10% stake in Universal Music Group (UMG) from French media conglomerate Vivendi, increasing their holding in the record label to 20%, as Tencent aims to dominate the Chinese music streaming market, according to a statement on Friday. Read More

Tencent Music Goes Live in Partnership with U.S. Virtual Gig Master Wave

 /  Music  / 
Tencent Music Entertainment Group (TME) is entering the virtual concert arena in partnership with a U.S. startup, as it extends its offerings beyond simply providing songs licensed from third parties. Read More

Headlines from China: Tencent’s Ambitious Plans to Create Its Own ‘Content Universe’

 /  Headlines From China  / 
Internet giant Tencent hosted a news conference earlier this week and announced its annual pipeline of 2021 ilm and television works. Edward Cheng, vice-president of Tencent, said that the company is looking to forge a comprehensive content ecosystem in the next five years, covering intellectual property creations, content production and content distribution. Read More

Tencent’s PUBG Still Highest Earning Game Despite Indian Ban

 /  Game  / 
Last month, PUBG Mobile and its Chinese mainland version “Game For Peace” generated more than $221 million in revenue, representing a year-on-year increase of 25.5%, according to statistics provided by research firm SensorTower. Read More

Headlines from China: Tencent Inks Deal With England’s Premier League to Show Soccer Games in China

 /  Headlines From China  / 
After the contract dispute with Chinese local video streaming site PPTV forced the Premier League to quit the market for a while, the England’s prestigious soccer league finally signed a deal with Internet giant Tencent to play the rest of the season’s games on Tencent’s wide-ranging digital platforms including WeChat, QQ.com and Tencent Video. Read More

Headlines from China: Taiwan Confirms Ban on Mainland Chinese Streaming Firms iQIYI and Tencent Video

 /  Headlines From China  / 
Taiwan has officially set to ban mainland Chinese streaming giants iQiyi and Tencent Video from operating in the region beginning from early September, following the revision of an existing law that will bar their local partners from providing services for them. Read More

Tencent Pushes for Merger That Would Create $10 Billion Chinese Twitch

 /  Game  / 
China’s answer to Amazon's Twitch — the wildly popular streaming site where gamers broadcast themselves — is the powerful duopoly of DouYu and Huya. Read More

Tencent’s PUBG Mobile Game Hits $3 Billion Milestone

 /  Game  / 
Chinese gaming giant Tencent has hit a new milestone with its hugely popular battle royale title “PlayerUnknown’s Battlegrounds” (PUBG Mobile) doubling its lifetime revenue to more than $3 billion in just over seven months. Read More

Tencent Plays in U.S. With California Game Studio Launch

 /  Game  / 
Tech giant Tencent has opened a new studio in California to develop and publish top-notch games as it seeks to move beyond its home China market. Read More

Shares of Baidu-Backed iQiyi Jump After Reuters Reports Tencent Seeking Majority Stake

 /  News  / 
Nasdaq-listed shares of Chinese video streaming service iQiyi closed up 25.9% on Tuesday after a Reuters report revealed that Tencent is looking to buy a stake in the company in which its rival Baidu is currently the majority shareholder. Read More

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