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Moonshot AI said its updated chatbot offers problem-solving capabilities similar to the advances shown by OpenAI o1. Photo: Shutterstock

Moonshot AI updates Kimi chatbot to offer capabilities akin to OpenAI o1

Kimi Chat Explore is touted by Moonshot AI as being able to ‘think and reflect’ in response to user queries.

Shopping on Taobao via WeChat: Tencent, Alibaba break digital wall

Opinion | What truly drives China’s breakneck innovation (it’s not subsidies)

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Chinese tech giants from ByteDance to Meituan see rise in ‘golden week’ spending

Major online platforms for dining and travel-booking services recorded increased expenditure by mainland consumers during the annual holiday.

Mainland consumers splurged on travel and dining services provided by major online platforms during the annual break. Photo: Bloomberg

Tencent says WeChat payments jump during China’s ‘golden week’

Consumers in China appear to have loosened their purse strings after Beijing announced a slew of heavyweight measures to boost the economy.

My Take | China’s stock-market frenzy reflects social media’s growing sway over investors

The current investor euphoria has been aroused by the proliferation of upbeat short-video posts on Chinese social media.

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Assassin’s Creed publisher Ubisoft reviews ‘options’ amid Tencent buyout report

France’s largest video gaming firm, which has long been seen as a takeover target, declined to comment on Tencent’s reported buyout interest.

Ubisoft Entertainment has lost half of its stock-market value over the past 12 months, owing to product delays and the underperformance of some video game titles. Photo: Shutterstock

Tencent, Guillemot family said to eye buyout of French video gaming firm Ubisoft

Shares of Ubisoft, in which Tencent has a direct stake, have fallen about 40 per cent this year amid weaker-than-expected sales.

Mistimed exits cost key investors US$3 billion in China’s stock rally

Beijing’s stimulus package has boosted Chinese stocks, but some investors missed out on billions in potential gains by selling their shares before the rally.

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FinTech Week highlights AI, Chinese companies as Web3 hype fades

Two years after showcasing Hong Kong’s crypto pivot, FinTech Week organisers say the event can serve as an incubation platform for frontier technologies.

Signage at Hong Kong FinTech Week 2021 at the Convention and Exhibition Centre in Wan Chai. As hype around cryptocurrencies and blockchain fades, the show’s organisers see AI tech from the mainland taking centre stage. Photo: Shutterstock

In Hong Kong, young investors are chasing the US$1.8 trillion stock rally

An influx of young investors has overwhelmed some online trading platforms, leading some to opt for physical branches to open accounts to cash in on potential gains.

The flag for Hong Kong Exchanges and Clearing flies in Hong Kong. The city’s stock market has been on a tear in the past few days. Photo: Bloomberg

China approves 109 video games in September as Wukong fever remains high

China’s video game regulator has approved an average of 107 titles per month this year, as gamers question whether Black Myth: Wukong marks a turning point.

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Tencent cashes in on Futu as China boosts economic stimulus

Tencent has been unwinding some of its investment portfolio and the Futu share sale is in line with the strategy, a source says.

Chinese esports firm launches multi-title tournament in Asia with Saudi backing

The Esports Asian Champions League from Tencent-backed VSPO will start next year with seven to 10 undisclosed titles.

The arena for the esports exhibition at the 18th Asian Games on August 26, 2018. China has been seeking a greater foothold in the global esports industry in recent years. Photo: INASGOC via AP

Courier J&T chases shoppers pining for made-in-China goods

After expanding from Southeast Asia to China, the logistics firm has set its sights on the Middle East and South America.

A J&T delivery van is seen in Cairo, Egypt. Photo: Handout

US chokehold on China’s AI progress ‘unlikely to succeed’: report

China’s robust academic advancement and state-backed funding have made the nation a major challenger to the US in AI, according to ITIF.

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Global impact | Can Black Myth: Wukong level up China’s soft power?

In this week’s issue of the Global Impact newsletter, we look at what the success of action role-playing game Black Myth: Wukong means for China’s gaming industry.

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Alibaba has more room to run thanks to cross-border trading, history shows

Tencent gained 23 per cent in the six months after joining Stock Connect, while Meituan and Xiaomi more than doubled over 12 months.

A man walks past the logo of Alibaba Group at its office building in Beijing. Photo: Reuters

In China, university students face internship paradox in bid for job prospects

Young Chinese hoping for a top job after graduation meet increasing competition and pitfalls on the way to building an eye-catching resume.

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Wave to pay: Tencent brings palm scan to tourists in Macau

WeChat Palm Pay lets mainland tourists pay by scanning their hand in shops located in hotels under the Galaxy Entertainment Group.

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Huawei Cloud reshuffles leadership team as competition mounts

The cloud unit, which develops AI solutions and infrastructure, has been a main growth driver for Huawei.

Huawei is one of the leading cloud services providers in China. Photo: Reuters

US and Chinese tech giants team up on AI supply chain standard

The new standard, introduced under a UN framework, is meant to guard against risks such as data leaks, model tampering and supplier non-compliance.

The latest generative AI standard is a collaborative effort from some of the biggest tech firms in the world. Photo: Shutterstock

A real boyfriend? No thank you, say Chinese women, we prefer female cosplayers

Hand-holding, hotpot and a romantic walk with your man. In China, it’s a perfect date – as long as the man in question is a female cosplayer

Alibaba merchants hail WeChat Pay adoption on Taobao and Tmall

Many hope that the move could lure more consumers from rival platforms that already accept a variety of payment methods.

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Chinese unicorn Zhipu AI raises new funding from state-backed investor

State-backed investment vehicle Zhongguancun Science City Innovation Development estimates Zhipu AI’s value at around US$2.8 billion.

A crowd gathers at Zhipu AI’s exhibition space during the World Artificial Intelligence Conference in Shanghai. Photo: Zhipu AI

Exclusive | Tencent counts on AI boom to lift cloud business overseas

The tech giant sees growing demand from both Chinese and foreign clients to use its services abroad, Tencent Cloud CEO Dowson Tong says

The Tencent headquarters in Shenzhen, China. Photo: AFP

WeChat Pay comes to Taobao: Alibaba and Tencent bury the hatchet

Alibaba is soliciting feedback from merchants about accepting China’s second-largest mobile payments network on the country’s largest e-commerce sites.

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Chinese AI ‘tiger’ MiniMax launches text-to-video-generating model

Video-01 is the first iteration of the firm’s Sora-like tool, with future updates expected to enable users to generate videos from images.

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Tencent
Headquartered in Shenzhen, Tencent is one of China's and the world's largest internet services companies, with interests in media, entertainment, web and mobile communications, advertising, e-commerce and internet banking.
Chairman / President
Ma Huateng
CEO / Managing Director
Ma Huateng
CFO / Finance Director
John Lo
Industry
Internet
Website
tencent.com
Headquarters address
Tencent Holdings Limited,Tencent Building,30th Floor, Kejizhongyi Avenue,Nanshan, Shenzhen,Guangdong, China
Stock Code
SEHK:700
Year founded
1998
last updated:
30 September, 2024
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