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Tag: Tencent

Tech

Tencent, Apple sign deal on WeChat mini game payments

Tencent Holdings has agreed to allow Apple Inc. to handle payments for WeChat mini games and apps, taking a 15 per cent cut of purchases. The agreement, negotiated over more than a year, opens a new revenue stream for Apple, which had been pressing Tencent to close loopholes that let app makers push users to […]

Tencent launches upgraded T1 AI model, boosts China’s AI race
Tech

Tencent unveils AI model claiming faster replies than DeepSeek-R1

Chinese tech giant Tencent has unveiled a new AI model, Hunyuan Turbo S, which it claims can respond to queries in under a second. According to the statement, the performance surpasses that of the globally popular DeepSeek-R1, as well as Tencent’s previous model, Hunyuan T1, both of which require more time to generate responses. The […]

Canada bans WeChat on govt devices
News

Tencent shares rise with DeepSeek integration into WeChat

Tencent Holdings Ltd. shares surged 6.6% in Hong Kong on Monday, continuing a winning streak fueled by the successful debut of DeepSeek. Tencent announced that it is integrating DeepSeek’s artificial intelligence chatbot into WeChat. The Shenzhen-based firm is joining a growing list of service providers and government bodies across China adopting DeepSeek’s software. This move […]

Tencent launches upgraded T1 AI model, boosts China’s AI race
News

US blacklists Tencent-backed AI startup amid tech curbs

United States has placed Tencent-backed startup Zhipu on its trade-restrictions blacklist, targeting one of the emerging companies considered a strong contender in the race to develop a competitor to OpenAI’s ChatGPT. On Wednesday, the US Department of Commerce added the startup to its entity list, restricting US suppliers from selling to the company without a […]

Tencent launches upgraded T1 AI model, boosts China’s AI race
Tech

Tencent shares drop 8% after US labels it Chinese military company

Tencent Holdings’ shares dropped nearly 8% in Hong Kong after being added to the U.S. Department of Defense’s list of “Chinese military companies.” This led to a similar 8% decline in the company’s U.S. depository receipts on Wall Street. Other Chinese companies added to the list included battery maker CATL, a key supplier for automakers […]

Tencent launches upgraded T1 AI model, boosts China’s AI race
News

Tencent, Epic Games directors vacate board seats over antitrust concern

Tencent Holdings Ltd. removed two directors it appointed to Epic Games Inc.’s board after the US Justice Department ruled the appointments violated antitrust laws. Tencent, China’s most valuable company, holds a minority stake in Epic Games and owns a direct competitor through its Riot Games Inc. subsidiary, prompting antitrust concerns, according to the DOJ on […]

News

Tencent rivals Amazon, Microsoft in cloud marketing

Chinese tech giant, Tencent is using its WeChat super-app ecosystem to differentiate itself from major global cloud service providers, according to Tencent Cloud CEO, Dowson Tong. He said that more clients are looking to develop their own super apps, with Tencent Cloud offering technology and expertise based on its experience building the WeChat ecosystem. Tong […]

Chinese tech giants secure $5bn worth of Nvidia chip orders
Tech

Chinese tech giants secure $5bn worth of Nvidia chip orders

China’s leading internet giants are swiftly securing high-performance Nvidia chips crucial for developing generative artificial intelligence systems. Orders totaling $5 billion have been placed for these chips, as reported by the Financial Times on Wednesday. Companies such as Baidu, ByteDance (owner of TikTok), Tencent, and Alibaba have collectively made orders amounting to $1 billion to […]

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