Chinese tech giant Tencent said Friday it strongly disagreed with a US decision to add its WeChat app to a government list of "notorious" markets known for trade in counterfeit goods. WeChat and e-commerce site AliExpress were among those put on the list by the US Trade Representative (USTR) on Thursday spotlighting markets Washington says...
Feb 18, 2022
Beijing - Tencent’s billionaire founder Pony Ma — China’s second richest man — has met anti-monopoly regulators and agreed his firm will be “as compliant as possible”, after rival tech giant Alibaba was battered by legal woes. Tencent, which owns the super-app WeChat and a lucrative gaming empire, is the latest tech conglomerate to fall into the...
Mar 25, 2021
Burberry has unveiled two exclusive designs for Honor of Kings, which marks the mobile games’ first co-creation with a luxury brand on their ‘Legend’ skin offering. Riccardo Tisci, Burberry’s chief creative officer has exclusively designed two skins for the mobile game’s popular heroine, Yao, which sees the character wearing a classic cotton...
Mar 22, 2021
Burberry has announced it will be taking its upcoming autumn-winter 2020 runway show to Shangai, China on 23 April. The British luxury brand said the men’s and women’s show will be part of a wider dedicated programme of activities in China and will include looks specifically designed for the event and exclusively available to purchase in the...
Jan 17, 2020
New York - Chinese fashion and cosmetic retailer Mog Inc. debuted its trading in the U.S. stock exchange on December, 6. The company’s stock’s price closed its first trading day unchanged from its 14 dollars apiece IPO’s price. Mogu Inc.’s American depositary shares opened at 12 dollars in New York last Thursday, well below the 14 dollars IPO...
Dec 10, 2018
European Union countries must foster payment services that work across the continent to boost its financial sector and reduce dependence on third countries like the United States, a top European Central Bank official said Monday. "Large non-European companies now play a significant role in the provision of payment services in Europe, while...
Sep 3, 2018
Chinese online fashion retailer Meilishuo, backed by Tencent Holdings, is reported to be in talks with several investment banks to launch an initial public offering of shares (IPO) in the U.S. The IPO could value the start-up at circa 4 billion dollars, according to people familiar with the matter quoted by the ‘South China Morning Post’. The...
Apr 17, 2018
Chinese e-commerce giant Alibaba said Monday it was acquiring full ownership of leading food-delivery firm Ele.me in a deal that values the Shanghai-based start-up at 9.5 billion dollars. The deal is the latest salvo in the intensifying turf battle between tech heavyweights Alibaba and Tencent in the fast-growing Chinese markets for online food...
Apr 3, 2018
Chinese gaming and social media titan Tencent has raised $5 billion in a bond issue which attracted orders totalling more than 41 billion US-dollars for its biggest dollar-denominated sale so far, Bloomberg reported Friday. The group, known for its wildly popular "Honour of Kings" video game and ubiquitous WeChat social media platform, Thursday...
Jan 12, 2018
Powered by Chinese smartphone users splurging billions on mobile games and online shopping, China's tech giants Tencent and Alibaba are racing up the elite league of the world's most valuable companies. Hong Kong-listed Tencent, famous for its games and WeChat messaging service, became the first Asian firm to break into the $500 billion league...
Nov 27, 2017
App stores in China must register with the state from Monday, a government statement said, as China tightens its control over the internet. App stores are "not strict" when they examine and approve apps, the China Cyberspace Administration, the country's internet watchdog, said in a statement. Lax standards have led to the "frequent appearance...
Jan 17, 2017
