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The Latest Breaking News from Tencent

A series of bad news stories—including an abandoned cloud spin-off plan—wipe billions from Alibaba's market cap

Alibaba blamed U.S. chip controls for its decision to abandon plans to spin-off its cloud computing unit as an independent company.

The U.S.'s efforts to stymie Chinese chip production are not watertight

The U.S.'s efforts to stymie Chinese chip production are not watertight

As Biden and Xi meet at the APEC summit in San Francisco, a new report to Congress highlights the limits of the White House's chip export controls.

Remedy reveals plans to reboot project Vanguard to a premium game 'with a strong cooperative multiplayer component'

Remedy reveals plans to reboot project Vanguard to a premium game 'with a strong cooperative multiplayer component'

Remedy Entertainment is rebooting project Vanguard to a premium game "with a strong cooperative multiplayer component".

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Remedy's mystery multiplayer shooter is ditching the free-to-play model and going all-in on co-op

The rebooted project is now called Kestrel

Remedy's free-to-play multiplayer game is going back to the drawing board for a 'reboot' as a premium game

Codename Vanguard is out—Codename Kestrel is in.

VR news of the week: Quest 3 Lite, Pico woes, SteamVR Theater, and a stacked November

Everything you need to know about the world of VR this week, including Meta's plans to steal Pico's Chinese market, AAA game releases in November, and a cool new SteamVR trick.

Android Central

The Meta Quest 3 Lite could cause big problems for Pico in China

Meta and Tencent have reached a provisional deal to bring Meta Quest VR headsets to China, and the first major product could be the Quest 3 Lite.

Android Central

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The CEO behind Indonesia's biggest movie ever wants to make your next foreign film hit : ‘I see ourselves as South Korea 15 years ago’

The CEO behind Indonesia's biggest movie ever wants to make your next foreign film hit : ‘I see ourselves as South Korea 15 years ago’

Tencent-backed MD Entertainment and its CEO Manoj Punjabi want to ride a wave of interest in Indonesian films—despite an "under-screened" local market.

Power up: will Chinese financing be the saviour of the Japanese video game industry?

Power up: will Chinese financing be the saviour of the Japanese video game industry?

Japan is seen as the home of games, but the sector is struggling – and China is poaching its talent. It’s a power shift that may change the gaming landscape for good

The Guardian - UK

Musk wants to charge everyone to use Twitter to counter 'bots’

Musk wants to charge everyone to use Twitter to counter 'bots’

Bots are actually advertisers' problems, but Musk needs to get account details from all his users if he wants to create an 'everything app' that rivals WeChat.

Chinese video games are on the rise, but I wish they got more respect

Chinese video games are on the rise, but I wish they got more respect

China is the world’s biggest gaming market, where a culture of creativity has flourished – so please do not conflate companies and players with a repressive regime that cracks down on individual expression

The Guardian - UK

Tencent is bringing back Delta Force as a 'large-scale multiplayer PvP' shooter with a singleplayer campaign based on Black Hawk Down

Tencent is bringing back Delta Force as a 'large-scale multiplayer PvP' shooter with a singleplayer campaign based on Black Hawk Down

This will be the first new Delta Force game since 2009.

What happened to the once-mighty Japan, Inc.?

What happened to the once-mighty Japan, Inc.?

Japan's Mitsubishi Corporation used to be the world's largest company by revenue. Now it's No. 46.

China’s Internet Majors Downsize to Weather Business Headwinds

China’s Internet Majors Downsize to Weather Business Headwinds

Survey finds that six of the 10 biggest players slashed payrolls last year, including Tencent, Meituan and Alibaba

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The Times of India

India or China? How to invest in the coming Asia boom

NEW DELHI/BEIJING: Money managers are navigating an historic shift: India’s population, at 1.43 billion, edged past China’s this year.

Synced preview - a pop-punk flavoured post-apocalypse

Synced brings fantastic customization to its PvPvE and co-op action as players must navigate a techno-apocalyptic future.

China wants to stop kids using their smartphones overnight

Wednesday's draft rules will allow parents to trigger a restricted mode on their children's smart devices, limiting usage and screentime.

The Independent UK

China proposes to limit children's smartphone time to a maximum of 2 hours a day

China’s internet watchdog has laid out regulations to curb the amount of time children spend on their smartphones, in the latest blow to firms such as Tencent and ByteDance, which run social media platforms and online games

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Australian Senate committee warns TikTok and WeChat could be the country's biggest security risks

A ban on WeChat from all government devices has been recommended.

The Independent UK

Australian Senate committee recommends government ban on TikTok be extended to WeChat

An Australian Senate committee has recommended a ban on the Chinese-owned video-sharing app TikTok from federal government devices be extended to China’s most popular social media platform, WeChat

Will Tencent Holdings Regain Favor Among Investors?

After plunging to a 6-year low in October 2022, Tencent Holdings Ltd (TCEHY ) rallied to a 17-month high in January. However, the stock has since moved sideways as the company has fallen out of favor with Chinese investors. According to Bloomberg data, onshore investors have sold Tencent Holding shares...

The Guardian - AU

TikTok ban on Australian government devices should also cover WeChat, parliamentary committee recommends

Senate committee examining foreign interference on social media says it is ‘concerned’ with ‘unique national security risks’ the companies pose

The Guardian - UK

‘The everything app’: why Elon Musk wants X to be a WeChat for the west

Twitter owner’s rebranding is part of larger strategy to add payment functionality and more

The Guardian - AU

WeChat user numbers plummet nearly 30% in Australia amid concerns of Chinese interference

Owner gives parliamentary inquiry no reason for fall over three years but says China’s government could not conduct surveillance on app

Tencent claims another one, will become 'majority shareholder' of Dying Light studio Techland

Techland says the deal will help ensure its new fantasy-action game lives up to expectations.

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