tencent

Jan 20, 2021

WeChat doubled ecommerce sales in China in 2020

Chinese messaging giant facilitated nearly US$250 billion in ecommerce transactions in 2020, as more brands turned to social media to derive revenue during Covid-19.

Nov 13, 2020

Amid regulatory cloud, Tencent posts 29% increase in revenue, profits up 34%

Games and social media drive growth for the Chinese tech behemoth as it profits from post-pandemic spending.

Oct 9, 2020

Trump's potential ban on Alipay, WeChat would impact luxury and financial brands

The Trump administration is reportedly considering a ban on Chinese payment systems Alipay and WeChat Pay, which would impact not only those companies but many other brands and retailers as well.

Sep 29, 2020

Smart mirrors to multiply in China; Tencent and C Ventures among investors

Smart mirrors are set to spread as a vehicle for brands to reach consumers in malls and hotels, thanks to a deal involving Fiture, Tencent and C Ventures.

Sep 8, 2020

Tesla placement in Tencent game boosts real-life test drives

Getting Tesla's Model 3 and Model X into Tencent's popular mobile game, Game for Peace, resulted in a boost for test drives and orders.

Aug 17, 2020

Tencent scores a big Q2 before Trump’s WeChat ban plan

Gaming and social advertising revenue surged during Tencent's second quarter, but media ad revenue took a hit.