tencent holdings

Chinese internet giant Tencent Holdings is cutting prices for cloud services by up to 40% from June amid similar moves from rivals that have plunged the sector into a price war.The fierce competition comes amid soft corporate demand, with…

Chinese tech giant Tencent Holdings said on Monday its self-developed video transcoding chip Canghai has entered mass production and is currently supporting services from cloud gaming to video live streaming. The Shenzhen-based company,…

Twitter Inc. has ceased to be an independent company after merging with a newly formed shell firm called X Corp., driving speculation about what Elon Musk intends for the social media platform.Twitter “no longer exists” after being merged…

Western countries have become increasingly wary of sharing technology with China, with the US and Netherlands recently imposing new restrictions on exports of semiconductors and the equipment used to make them. Meanwhile, Chinese companies…

Tencent Holdings Ltd.’s revenue inched up after two quarters of contractions, fueling hopes that Beijing will again allow the world’s largest internet arena to thrive.Revenue rose to 144.95 billion yuan ($21 billion) for the three months…

Tencent Holdings on Thursday said it would restrict its focus to its core business, while maintinaing cost-cutting and improving efficiencies, as it reported its first drop in annual revenue to date.The world's largest video game company…

Tencent Holdings is abandoning plans to venture into virtual reality hardware, as a sobering economic outlook prompts the Chinese tech giant to cut costs and headcount at its metaverse unit, three sources familiar with the matter said.The…

China's end to a sweeping crackdown on its video games market is expected to breathe life back into the battered industry this year, but remaining restrictions on some content and economic headwinds will limit the extent of the…

New Jersey and Ohio said on Monday they were joining other states in banning use of the popular video app TikTok on government-owned and managed devices. New Jersey Governor Phil Murphy, a Democrat, said in addition to banning the…

China's video games regulator granted on Wednesday publishing licences to 45 foreign games for release in the country，further lifting rigid curbs that have hammered the industry for 18 months. Among the imported online games approved by the…