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25 Mar PDD’s Colin Huang surpasses Tencent, ByteDance founders as China’s richest tech billionaire after Pinduoduo outgrows e-commerce rivals

Posted at 11:36h in Asia

Colin Huang, the founder of PDD Holdings, has become China’s richest technology entrepreneur after a surge in the value of its US-listed shares, allowing him to surpass the nation’s more illustrious tycoons Pony Ma Huateng of Tencent Holdings and Zhang Yiming of Bytedance.The 44-year-old grew...

14 Mar Tencent snaps up some of ByteDance’s ditched video gaming projects amid industry consolidation, people say

Posted at 14:00h in Asia

LightSpeed Studios, one of Tencent’s key gaming units and the maker of popular title PUBG Mobile, has absorbed a project in Shenzhen previously owned by ByteDance’s Gravity Studio and an open-world project belonging to ByteDance’s Jiangnan Studio in Hangzhou, according to people familiar with the...

21 Feb Which were the most used apps during Lunar New Year? Familiar names like Tencent and ByteDance dominated top 5

Posted at 23:00h in Asia

The most used apps in China during the Lunar New Year holiday were familiar domestic social media and content platforms that have dominated the market for the past decade, according to government data.Among the apps that used the most cellular data during the nine-day holiday...

12 Feb How Tencent is using AI and VR tech to revive traditional art of Chinese opera, with Hua Mulan just a beginning

Posted at 00:00h in Asia

Hua Mulan, a legendary heroine in ancient China who took her father’s place in conscription for the army by disguising herself as a man, is now known all over the world thanks to The Walt Disney Co’s 1998 animated motion picture Mulan and its 2020...

10 Feb Generative AI could be smart glasses’ killer app and Hong Kong-founded Brilliant Labs is betting big on the trend

Posted at 23:00h in Asia

Singapore-based smart lenses start-up Brilliant Labs has become the latest company to introduce a pair of smart glasses, as a slew of tech companies, including several in China, try to make wearing glasses “cool”.The company’s new Frame smart glasses, announced on Friday, are imbued with...

07 Feb IDG Capital works to rebut US ‘confusion’ over its inclusion on Pentagon’s list of companies with ties to China’s military

Posted at 02:46h in Asia

IDG Capital, a venture firm with offices in Beijing and Hong Kong, said it’s working to clear up “confusion” over its inclusion on a US Pentagon list of companies with ties to the Chinese military.The company was surprised to discover its name on the list...

31 Jan Chinese video game firms continue to look overseas for growth, shrugging off geopolitical tensions, survey finds

Posted at 00:00h in Asia

China’s video gaming studios are largely unconcerned by geopolitical tensions when it comes to generating revenue from overseas markets, according to a survey of 33 gaming companies in the country with an overseas presence.Only three of the companies surveyed, or 9.1 per cent, said that...

28 Jan Big Tech firms such as Tencent and Alibaba snap up land on the mainland amid slumping real estate sector

Posted at 03:00h in Asia

Chinese Big Tech firms, including Tencent Holdings and Alibaba Group Holding, have become major buyers of land on the mainland at a time when both the technology and real estate sectors are battling economic and policy headwinds.Social media and video gaming giant Tencent has shelled...

20 Jan China convenes Huawei, Tencent, Baidu to draft metaverse standards in bid to become global technology leader

Posted at 08:11h in Asia

China’s Ministry of Industry and Information Technology (MIIT) has assembled 60 experts, including some from the country’s largest technology firms, to form a new working group to establish standards for the metaverse sector.Representatives from telecoms equipment giant Huawei Technologies, video gaming titans Tencent Holdings and...

15 Jan Internet titans bury the hatchet as Tencent allows Douyin to air Honour of Kings videos amid ByteDance retreat

Posted at 13:00h in Asia

Honour of Kings, the blockbuster video game from market leader Tencent Holdings, will return to ByteDance’s short video app Douyin as the two internet giants bury the hatchet following the TikTok owner’s decision to exit the sector.The Shenzhen-based social media and gaming giant and Beijing-based...

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