China’s biggest social network and gaming firm Tencent Holdings, which last week reported forecast-beating quarterly results, is close to making Malaysia the first foreign country to roll out its WeChat ecosystem, an executive told Reuters. Tencent has made a “breakthrough” in gaining an e-payment license in Malaysia for local transactions, and plans a launch early next year, senior vice president S.Y. Lau said ... Read More »
HONG KONG (Reuters) – China’s biggest social network and gaming firm Tencent Holdings, which last week reported forecast-beating quarterly results, is close to making Malaysia the first foreign country to roll out its WeChat ecosystem, an executive told Reuters. Tencent has made a “breakthrough” in gaining an e-payment license in Malaysia for local transactions, and plans a launch early next ... Read More »
China’s cyber regulator on Friday said it was investigating the country’s top social media sites over failing to comply with strict laws that ban content which is violent, obscene or deemed offensive to the Communist Party. The Cyberspace Administration said it was investigating Tencent Holdings’ WeChat, Weibo and Baidu’s forum site Tieba over suspected violations of the country’s strict cyber-security laws. “Users are spreading ... Read More »
HIGHLIGHTS Hike Messenger announced funding of $175 million Hike Messenger is now valued at close to $1.4 billion The funding round was led by Tencent and Foxconn Hike Messenger, started as a joint venture between Bharti Enterprises and SoftBank, just announced its Series D funding round of $175 million (approximately Rs. 1,170 crores) at a valuation of $1.4 billion (approximately ... Read More »
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