Shenzhen, China, June 25, 2024 (GLOBE NEWSWIRE) -- On June 24th, TENCENT E-SPORTS launched a special live broadcast with the theme "Empower Esports Worldwide". Mars Hou, the general manager of TENCENT E-SPORTS, stated during the live broadcast that riding the wave of globalization, esports has gained influence among an increasingly broad demographic and has consequently garnered recognition and support from numerous countries and organizations worldwide. The development of industries does not follow a linea ...

Planck Quantum Tencent Holdings (OTCPK:TCEHY) (OTCPK:TCTZF) maintains a leading position across several verticals of the Chinese gaming, social networks and tech sectors. Despite historical pressures in value-added Services, non-VAS segments are now the majority of revenue and growing at healthy rates while expanding margins. Domestic gaming may offer upside optionality to meet submerged demand in case regulatory pressures are softened. These trends may underpin improving underlying fundamental trends f ...

About us: Aurora Mobile (NASDAQ: JG) established in 2011, is a leading customer engagement and marketing technology service provider in China. Its business includes notification services, marketing growth, development tools, and data products. As its sub-brand, MoonFox Data is a leading expert in data insights and analysis services across all scenarios, aiming to help companies gain market insights and empower precise decision-making.SHENZHEN, China, May 31, 2024 /PRNewswire/ -- I. Net Profit Soars by 50%,  ...

Online research platform Oracle Bones Corpus welcomes contributions from researchers and enthusiastsSHENZHEN, China, May 28, 2024 /PRNewswire/ -- Tencent (00700.HK) today announced the launch of Oracle Bones Corpus (殷契文渊), an online research platform and database for oracle bone researchers and enthusiasts. This revamped website not only offers new innovative tools for visualizing shallow indentations, but also employs artificial intelligence (AI) to enhance the efficiency of mapping glyphs to modern Chines ...

SHENZHEN, China, May 23, 2024 /PRNewswire/ -- Tencent (00700.HK) is awarding 13 exceptional teams that won the first phase of its groundbreaking CarbonX Program, which is aimed at boosting promising new climate technologies. The winners, which emerged from a pool of 30 finalists and more than 300 initial applications, will receive a total of around RMB 100 million (US$14 million) in financial support from Tencent. It showcases the company's commitment to driving sustainable social innovations in the fight a ...

The Chinese tech giant beat analyst profit expectations as high-margin businesses surged.Shares of Chinese tech giant Tencent Holdings (TCEHY 4.39%) rallied about 5% on Tuesday as of 1:52 p.m. ET after the company released its earnings results for the first quarter of 2024.Tencent has various businesses across video games, online advertising and social media, video and music subscriptions, fintech services, and cloud software. But while video games get the lion's share of attention and were slightly down, v ...

Tencent Holdings Ltd. (OTCPK:TCEHY) Q1 2024 Earnings Conference Call May 14, 2024 8:00 AM ET Company Participants Pony Ma - Chairman, Chief Executive Officer Martin Lau - President James Mitchell - Chief Strategy Officer John Lo - Chief Financial Officer Wendy Huang - Investor Relations Conference Call Participants Kenneth Fong - UBS Thomas Chong - Jefferies Alicia Yap - Citigroup Gary Yu - Morgan Stanley Anna Jung - John Choi - Daiwa Ronald Keung - Goldman Sachs Charlene Liu - HSBC Alex Yao - JP Morgan\ ...

Tencent has faced a number of headwinds in 2022 including a Covid-induced slowdown in the Chinese economy and a tougher market for gaming.Tencent beat analyst estimates for revenue and profit in the first quarter, thanks to slightly better sales in the Chinese tech giants core gaming business and improved profitability at its advertising and business services division.Here's how Tencent did in the March quarter versus LSEG consensus estimates:Revenue: 159.5 billion Chinese yuan ($22 billion) versus 158.4 bi ...

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Core Insights - Tencent has simplified the process for international visitors to register for WeChat accounts and link international cards to Weixin Pay, enhancing mobile payment accessibility in mainland China [1][2] Group 1: Weixin Pay Enhancements - International users can now register for WeChat using an overseas mobile number and link eligible international cards to Weixin Pay, allowing access to millions of merchants in mainland China [1] - The card linking process enables international visitors to spend a certain amount safely and conveniently [1] - Users seeking higher transaction limits can complete an identity verification process, increasing the single transaction limit from $1,000 to $5,000 and the annual limit from $10,000 to $50,000 [2] Group 2: Cross-Border Payment Initiatives - International visitors can also link UnionPay's Tour Card, a prepaid card, through Weixin Pay [2] - Malaysian visitors can utilize their local eWallet in the PayNet system to make payments in mainland China by scanning Weixin Pay QR codes [2] - Tencent's Tenpay Global will collaborate with NetsUnion to connect more wallets, further enhancing cross-border payment capabilities [2] Group 3: Inbound Tourism and Mobile Payments - Inbound tourism to China is increasing, leading to a rise in mobile payment usage by visitors [3] - Tencent previously announced that WeChat users can link cards from Visa, Mastercard, JCB, or Discover to facilitate payments at millions of merchants in China [3] - The company aims to improve the mobile payment experience for overseas users by supporting international cards and connecting local wallets with mainland China [3]