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Tencent

Tencent is a Chinese internet service portal offering value-added internet, mobile, telecom, and online advertising services.

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Tencent made $7.4 billion in profit in Q1 2021; a huge jump of 65%

Tencent's management style and business model have proven to be very resilient.

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China charges $77,000 to Tencent and Baidu for anti-monopoly law violations

Tencent and Baidu fined for violating Chinese antitrust regulators

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TikTok China (Douyin) has launched an e-wallet to compete with Alipay and WeChat

Douyin Pay has been added as a new payment method on the app, alongside Alipay and WeChat Pay

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Hike Messenger was popular in India; now it has shut down after raising $260m+ in funding

The company was valued at $1.4 billion after raising funding from notable investors

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Shopee's parent company, SEA Group, has bought a bank in Indonesia

SEA Group bought Bank Kesejahteraan Ekonomi Indonesia, a significant move into the digital banking space.

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Keep fitness app from China just raised $360 million led by SoftBank Vision Fund

Keep grew to 100 million users in China within 3 years, and is now diversifying its offerings.

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Udaan raises $280 Million, bounces back after COVID-19

Fresh round of funding will be used for market expansion, platform enhancement among other projects.

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Startup funding in India fell by 34% due to the pandemic; lowest since 2016

A large part of India's startup funding was affected by the pandemic and tensions with China.

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China's overseas gaming revenue crosses $15 billion for the first time

China's domestic games industry generated $42.6 billion in revenues for the same period.

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India bans 43 more apps from China; Alibaba apps included in the mix.

The country previously banned 59 apps from China back in July.

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China's Tencent grows by 29%; generates $19 billion in revenue for Q3 2020.

The company generated $5.8 billion in profit for the quarter too.

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Esports continues to boom in China; Tencent invests $100m into VPSN

The company already hires over 1000 people across 5 business divisions.

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iflix reportedly sold to Wechat's parent company, Tencent.

Ren Feng Media Tech Inc. is now displayed as the owner of the iflix app on the app stores.

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