Tag Archives: tencent holdings
America’s cash-free future is just around the corner
Shake Shack's next burger joint at Astor Place in NYC doesn't want your money -- at least not the physical variety. In an effort to reduce the "friction time" between paying for your meal and eating it, the company plans to replace human cashiers for...
Tencent enters the US gaming market with stake in Glu Mobile
According to research firm Newzoo, Tencent was the leading gaming company worldwide last year, with more than $7.2 billion in revenue. The company has also had considerable success with games that...
Kim Kardashian Game Maker Glu Mobile gets Chinese Investor
Glu Mobile Inc., developer and publisher of mobile games announced that Chinese Investment Holding Company Tencent Holdings Limited is investing about $126 million in the company. Tencent has agreed...
China’s Biggest Internet Deal Ever: Alibaba Fully Buys Out UCWeb
China’s e-commerce juggernaut, Alibaba Group has officially completed the acquisition and merger of UCWeb, China’s number one mobile browser company to form the UC Mobile Business Group. The deal...
The Alibaba Success and the Setbacks
BEIJING (AP) — Even before Alibaba went online, its founder talked about making the fledgling e-commerce company a global player. At Alibaba Group's first staff meeting in 1999, a video shot by an...
Tencent Ties Up With Korean Gamer, Eyes Youku Tudou
Internet leader Tencent (HKEx: 700) has just announced a major purchase involving a Korean game maker, in what would normally be leading news on the Chinese Internet. But instead, the company is...
Sina plans New York IPO for Weibo microblog
HONG KONG (AP) — Chinese internet company Sina Corp. plans to spin off its Twitter-like microblog service, Weibo, in a U.S. initial public offering to raise $500 million, a person with knowledge of...
Qihoo 360 Loses In Court Again
Yesterday, China’s Qihoo 360 took another blow from the country’s legal system: the Supreme People’s Court has rejected Qihoo’s appeal of the initial verdict of a Tencent lawsuit against Qihoo for...
Top Earning Free-to-Play Game You’ve Never Heard Of
SuperData Research has just come out with their annual list that shows what they estimate to be the top earning free-to-play online games on the market. They calculate their totals based on...