Tencent

China’s Tencent up stake in French gaming firm Ubisoft

Chinese multinational technology and entertainment conglomerate Tencent has increased its stake in French gaming firm Ubisoft to 9.99 percent from 4.5 percent. Ubisoft said in a…

Tencent, Sony buy 30.34 percent stake in Japan’s FromSoftware for $260M

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…

Tencent co-leads $120M round of UK SaaS-based employment firm Omnipresent

Chinese technology firm Tencent and European growth investor Kinnevik have co-led a $120 million investment in United Kingdom-based software as a service employment firm…

Tencent divests 2.6% of equity interest in Singapore’s Sea Ltd

Chinese gaming and social media giant Tencent Holdings Ltd announced on Tuesday that it has entered into a transaction to divest an aggregate of 14.49 million Class A shares of…

Singapore Heritas Capital Fund II

Singapore’s Temasek to halt investments in Chinese tech firms ‘temporarily’ amid Beijing crackdown – report

Singapore state investor Temasek is temporarily halting new investment in Chinese tech firms, in view of the uncertainties over Beijing’s crackdown on the tech sector, according…

Indonesia e-commerce firm Ula bags $87M Series B, ropes in Amazon’s Jeff Bezos as investor

Editor's note: Updated with statement from Ula Indonesian e-commerce startup Ula announced on Monday that it has secured $87 million in Series B funding round co-led by Dutch…

Softbank, Tencent invest in Indian online used car platform Cars24 Services – report

India-based used vehicles platform Cars24 Services has raised $450 million in a new funding round led by SoftBank Vision Fund 2, DST Global and Falcon Edge, according to media…

Tencent HQ in Shenzhen, China

China’s Tencent picks Singapore as Southeast Asia HQ

Chinese social media and gaming giant Tencent today said it'll open an office in Singapore to serve as its Southeast Asia hub. "Tencent is expanding its business presence in…

China’s Tencent buys into Southeast Asia’s Netflix battle

China’s social media and gaming giant Tencent, perhaps best known as the maker of WeChat, has acquired Southeast Asian streamer iFlix, the company said earlier today. The deal…

Mark Zuckerberg, Facebook

Facebook invests in Gojek

Facebook has invested in Gojek, the social media company has just announced. Gojek this morning indicated that Paypal also joined in with a new funding round (size unknown), with…