WebAug 8, 2024 · TOKYO -- Chinese authorities are cracking down harder on the country's tech titans of late, putting internet services company Tencent Holdings in their sights, after doing the same to e-commerce... WebMar 29, 2024 · Like its competitor Alibaba, Tencent is a national champion with some troubling ties to the Chinese government, where Ma serves as a delegate to the National People’s Congress. Similar to Alibaba’s role in pushing smart cities, the Chinese government has invested in Tencent initiatives to improve medical imaging.
Alibaba, Tencent shares plummet as Xi Jinping …
WebNov 22, 2024 · Alibaba, Tencent, Baidu and other companies were all slapped with fines over the weekend for violating antitrust laws, the State Administration of Market … WebAug 23, 2024 · Alibaba and Tencent have been among the hardest hit by the crackdown, which was launched in November 2024 when Xi ordered the 11th-hour cancellation of a $38 billion IPO for Alibaba’s digital... cryptrec sha-1
Car-hailing app beats Facebook’s fundraising record
WebJul 13, 2024 · The source of the market’s tech troubles stem from a new wave of fines slapped on China’s burgeoning tech sector. Notably, Chinese giants Alibaba and Tencent faced multiple fines for failure... WebJun 21, 2024 · Tencent frames its interest in retailing not as an attack on Alibaba as such but rather as a logical progression of its business. “Retail is 40% to 45% of the GDP of China,” says Davis Lin ... WebJul 9, 2015 · The company will continue to focus on the Chinese market and will use the funds to roll out more services, Liu told the South China Morning Post. The company, in its current incarnation, is the result of a merger in February between two former rivals: Tencent-backed Didi Dache and Alibaba-backed Kuaidi Dache. cryptrec sha1