Tencent

Tencent Cloud’s inaugural Web3 product is now live in the availability zones of Hong Kong and Singapore, serving customers worldwide.

In the first half of 2023, international business posted double digit revenue growth, with particularly strong performances in Japan, Singapore, Malaysia, Indonesia, Europe, and the Middle East.

Chinese tech giants such as Baidu and Alibaba Group have already announced plans to launch their own AI chatbots and incorporate the technology into their core businesses.

Chinese multinational technology and entertainment conglomerate Tencent has increased its stake in French gaming firm Ubisoft to 9.99 percent from 4.5 percent. Tencent is paying €300 million ($297.19 million), including €200 million ($198.13 million) share acquisition and €100 million ($99.06 million) capital increase, to Guillemot Brothers for 49.9 percent…

Hong Kong-based Tencent Holdings Limited and Japan-based Sony Group Corporation have acquired 30.34 percent stake in Japanese game developer FromSoftware for 36.4 billion yen ($259.48 million).

Omnipresent has raised $120 million in its Series B funding round, led by Kinnevik, and Tencent. The amount includes a pre-Series B round in the second half of 2021 and follows seed and Series A rounds in April 2020 and December 2020. Uncorrelated Ventures, a San Francisco-based investor, also participated the round, rounding out an investor list from Asia,…

Tencent’s voting power to be reduced below 10 percent following the transaction and proposed share conversion.

“It’s just that in China, the way it is being executed has been a little more blunt and quick, and that is why it has created a lot of shocks out there,” Sipahimalani was quoted as saying.

The funding round was co-led by Prosus Ventures, Tencent and B Capital Group. Amazon founder Jeff Bezos's Bezos Expeditions also joined the round.

Cars24 plans to use the fresh capital to deepen its presence in the United Arab Emirates and Australian markets, where it has made recent forays, and build its cars, bikes and financing business in India while investing in technology.