In announcing the investment on Tuesday, Kuaikan didn’t detail how the money will be spent, but highlighted its ambition to become the “Disney of the new era.” Read More
Tencent is in talks with short video app Kuaishou, known as Kwai in English, about investing between $1 billion and $1.5 billion in the platform. Details of a potential deal have already emerged on Chinese financial blog IPO Zaozhidao. Read More
On July 29, NBA and Tencent jointly announced that the two companies will renew their partnership, which will expand Tencent's rights to exclusively live broadcast NBA games in China for another five years. Read More
Tencent’s TiMi Studio Group will team up with Nintendo-backed Pokémon Co. to develop a new Pokémon game, according to a statement Tencent posted on its official Weibo account for games on Monday. Read More
Gaming giant Tencent has successfully negotiated a more favorable revenue split with a number of Chinese Android stores for its mobile titles, media outlet GameLook reported. Read More
Tianjin Binhai New Area People’s Court issued a ruling on Wednesday to stop Bytedance from using user information taken from WeChat and QQ on two of its apps. Read More
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