Tag: Tencent
The race to be China’s top fintech platform: Ant vs Tencent
As Ant Group seizes the world’s attention with its record initial public offering, which was abruptly called off by Beijing, investors and analysts are revisiting Tencent’s fintech interests, recognized as Ant’s archrival in China. It’s somewhat complicated to do this, not least because they are sprawled across a number of…
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Pulled Ant Group IPO costs Alibaba nearly $60B in market cap
News today that Ant Group’s IPO is suddenly on hold in both Shanghai and Hong Kong caused a sell-off of Alibaba shares. This afternoon, equity in sister-company Alibaba is off around 8% in the wake of the delayed offering and news that Ant had run into regulatory issues with the…
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Judge blocks US ban on WeChat app downloads
TikTok isn’t alone in avoiding a US ban, at least for now. Reuters reports that Judge Laurel Beeler has issued a preliminary injunction blocking a Commerce Department order that would remove WeChat from US app stores by the end of September 20th. Use… Source
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WeChat user alliance sues Trump administration over threatened ban
TikTok isn’t the only one suing the Trump administration over an executive order that could ban an app in the US. The Financial Times reports that the WeChat Users Alliance has sued the administration over the potential WeChat ban. The user group cla… Source
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Trump executive order seeks to ban Tiktok, WeChat in 45 days
A week ago Donald Trump said that he could and would ban the video sharing app Tiktok, and on Thursday night he issued an executive order to block transactions with its parent company, Bytedance. It’s set to take effect in 45 days, which is just beyo… Source
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‘PUBG Mobile’ gets its first exclusive map
For the first time in two-year history, PUBG Mobile is getting an exclusive map. Android and iOS users can check out the battle royale's new Livik battleground starting today. With a playspace limited to about four square kilometers, Tencent says mos… Source
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