Tencent fires 100 and purges contract list
Anti-graft
Tencent named 37 companies it had blacklisted from future contracts and said it has fired more than 100 staff over embezzlement and bribery incidents.
White House wants to stamp on Ma’s Ant
Apparently it's latest thing to threaten US security
Donald (I am immortal) Trump’s management team is exploring restrictions on billionaire Jack Ma's Ant Group as well as Tencent claiming that its digital payment platforms threaten US national security.
Coronavirus increased the value of video games companies
Market cap of leading video game companies jumped by $354.5 billion this year
As an industry custom built for people to stay indoors, the global video games market has boomed in the last few months, bringing huge profits for the leading gaming companies and their shareholders.
Tencent invests $70 billion in infrastructure
Red clouds at night
Chinese tech giant Tencent will invest $70 billion over the next five years in technology infrastructure including cloud computing, artificial intelligence and cybersecurity.
Tencent doing well in gaming boom
But warns of normality hitting soon
Tencent benefitted from the lockdowns in China, when bored people entertained themselves even more than usual with online games. But analysts – and Tencent itself – cautioned that a lot of the pandemic-driven gaming boost can’t carry forward as people have returned to work after China lifted most lockdowns.
US shut down of ZTE pulls Chinese tiger's tail
Trade war might backfire
The US might have inadvertently sown the seeds of its technological destruction by pulling the tail of the Chinese tiger.
Tencent releases its new operating system
TOS+, for smartphones and smart watches
Chinese outfit Tencent has released its operating system for smartphones and smartwatches as it tries to take a slice of the mobile market behind the bamboo curtain.