tencent
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.
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.
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.
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.
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.
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.
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