Tencent's WeGame will start its operations supporting some 200 million users in China alone, compared to Steam's 125 million users worldwide
Overall revenue is up 48% at 151.94 billion yuan, driven by smartphone games, advertising, digital content sales, and payment related services, the company says
More people turn to modern technology to perform the ancient tradition of handing out cash
Keen Security Lab, a unit of Tencent, announces it had discovered 'multiple security vulnerabilities' in the car and had been able to remotely control a car in both parking and driving mode. Tesla now has an update to address the issues.
Tencent operates China's biggest messaging service WeChat, through which a variety of businesses including gaming, advertising, and social networking have flourished in recent years
The messaging app reports revenues of 35.69 billion yuan (P249.52 billion) in the second quarter of 2016
Supercell is the creator of the hugely popular mobile game 'Clash of Clans'
The ride-hailing app says it will use the funds to upgrade its technology, conduct research, improve rider/driver experience, and explore new opportunities
An earlier report says the ride-hailing app and service is targeting a New York listing in 2017, but the company denies this, saying it does 'not have IPO plans as of now'
Analysts say the deal could help Apple expand its mobile payments service in the crowded Chinese market
The tech giant is up against tough competition from local online payment providers like Alibaba
A total of 300,000 yuan is being made available over 3 days on Alipay, the online payment service of Alibaba, founded by Jack Ma, one of China's richest men
Big venture capital firms and investors are reaching out beyond traditional tech centers in search of more profits, putting Southeast Asian entrepreneurs in a good position to scale up
For the second time, Jollibee Foods Corporation joins the lineup of 'high-performing entrepreneurial blue chips, the region’s best of the best,' the business magazine says
Microsoft is teaming up with Lenovo, Tencent, Qihoo 360, and Xiaomi to both test and provide the Windows 10 upgrade to its Chinese userbase
The combined entity is set to control 99% of the taxi booking market in China and could be worth more than $6 billion
For the first time, the Internet trio of Alibaba, Baidu and Tencent top the list of Forbes' China Rich List
The campaign follows a similar clampdown last year on Sina Weibo, whose popularity has been hit as China's censors have tightened their grip