Alibaba and Tencent lost a combined $66B in market value in ~24 hours after investors punished the two Chinese tech leaders for unclear AI monetization plans
Alibaba Group Holding Ltd. and Tencent Holdings Ltd. lost $66 billion of market value in roughly 24 hours, after the market punished …
China's Hang Seng Tech Index, which includes Chinese tech giants like Tencent and Alibaba, is down 28% since October 2025, shedding nearly $600B in market value
Tencent-owned Finnish video game maker Supercell reports 2025 revenue down 4% YoY to €2.65B, EBITDA up 6% YoY to €932M, and 290M monthly active players
Headcount grew 30% reaching 890 employees globally, developer contributed €220 million to Finnish economy
Report: China-based Moonshot AI, which makes Kimi AI models, raised a $500M Series C at a $4.3B valuation led by IDG Capital; Alibaba and Tencent also invested
Iris Deng / South China Morning Post :
Report: China-based Moonshot AI, maker of Kimi models, raised a $500M Series C at a $4.3B valuation led by IDG Capital, with Alibaba and Tencent participating
The Kimi AI model developer is now valued at US$4.3 billion, with cash reserves worth US$1.4 billion
An interview with Tencent Games Global CEO Michelle Liu, whose hands-on dealmaking approach generated $10B in international gaming revenue over the past year
Bloomberg : X: @business X: @business : This year, Tencent's gaming business scored record sales, defying an industry slowdown with international hits like zombie horror Dying Light: The Beast. The s...
Singapore-based banking and payments startup Airwallex raised $330M at an $8B valuation, after raising $300M at a $6.2B valuation in May, and plans a US HQ
Payments company opens San Francisco base and reduces Tencent's holding in US pivot — A Singapore fintech that was labelled a …
Ubisoft delayed reporting its Q2 results after auditors found it improperly booked sales from a partnership as revenue, forcing it to restate its accounts
Ubisoft's first half financials for fiscal year 2026 are now available, following a delay of about a week. Craig Chapple / PocketGamer.biz : Tencent's €1.16bn Ubisoft investment on track to close in c...
After a delay, Ubisoft reports Q2 net bookings up 39% YoY to €490.8M, above €450M est., and expects Q3 bookings of €305M; Ubisoft resumed trading on November 21
- Delay due to accounting change and debt covenant breach — Breach addressed with early loan repayment using proceeds from Tencent investment
Tencent reports Q3 revenue up 15% YoY to ~$27B, above ~$26.6B est., net profit up 19% YoY to ~$8.9B, above ~$8B est., and domestic game revenue up 15% YoY
The tech giant delivered a 19% increase in third-quarter net profit — Tencent Holdings reported double-digit growth on its top and bottom lines …