Tencent reports Q1 revenue up 9% YoY to ~$28.9B, below ~$29.4B est., net income up 21% YoY to ~$8.5B, meeting est., and capex up 16% YoY, amid a costly AI pivot
Tencent Holdings Ltd. reported its slowest revenue growth in six quarters, underscoring the urgency around its costly AI pivot …
Sources: DeepSeek is in talks to raise funds, and the Big Fund, China's biggest state-backed chip fund, is seeking to lead the investment at a ~$45B valuation
Value soars in ongoing fundraising discussions as investors including Tencent seek slice of AI lab
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...