Menu

Global Scans · Tencent · Weekly Summary


  • The cancellation of the mobile game exposes vulnerabilities in Tencent's decade-long strategy of transitioning successful console and PC games into mobile platforms. Verdict
  • Tencent Games is just one of the most important gaming companies in the current mobile gaming scene and soon will make its debut among big PC and console games. GizChina Media
  • Moving forward, Tencent Cloud will continue to provide more comprehensive gaming solutions that align with its vision of Immersive Convergence in tech. AsiaOne
  • If the DNF mobile game comes out, it will mean that all popular products in the era of Tencent's end games have completed cross-terminal and cross-era evolution, and have withstood the test of the mobile era. GAMINGDEPUTY
  • Regarding the impact of new U.S. chip export curbs on its business, Tencent said it has accumulated a large supply of Nvidia chips to sustain development of its artificial intelligence model in the short term, and that it will now also seek domestic supplies for AI chips. Reuters
  • The competition on time spent between Douyin, Kuaishou and Tencent remains intense, and we expect the three to maintain relatively stable competitive landscape with Douyin/Kuaishou / Tencent video accounts to take 50% / 30% / 20% share by 2025 E. / China Goldman Sachs
  • Tencent's games business has been handicapped by Beijing's freeze on new titles, while its online advertising business is expected to have contracted for the first time on record in the fourth quarter. The Edge Markets
  • Chinese tech companies Ant Group Co. Ltd. and Tencent Holdings Ltd. will permit users to make payments through their platforms using foreign credit cards, the resumption of a broader effort to expand payment services to international users after COVID-related shutdowns stymied earlier efforts. Investopedia
  • Large AI models could eventually behave much like the smartphone operating systems Android and iOS, which provided the infrastructure or platforms on which Tencent, ByteDance and Ant Group Co. broke new ground: in social media with WeChat, video with Douyin and Tiktok, and payments with Alipay. Yahoo Finance
  • Tencent Cloud will continue to optimize its audio and video technology, providing businesses with a one-stop media solution that helps strengthen the inter-connection among enterprises, users, developers and everything under the era of Immersive Convergence. Yahoo Finance
  • The PBoC has said that it will speed up regulation on the platform economy (i.e. companies including Alibaba and Tencent) that have provided fintech services to society. ING Think
  • Going forward, we expect Tencent to invest less in platform companies to avoid the impression of forming alliances through investments, which is seen as problematic under China's antimonopoly focus. Week In China
  • Today's key earnings report to watch is Tencent, China's largest technology company, which is expected to report revenue of CNY144.5bn up 0.2% y/y as growth has come to a standstill as increased technology regulation has made operating conditions more difficult. Saxo
  • Mobily will lead and manage the data center hosting, network links, and ICT infrastructure, while Tencent Cloud will provide cloud solutions and services, from IaaS products such as cloud virtual machine, storage, and network solutions, to PaaS products such as database and media solutions. Zawya
  • Mobily and Tencent Cloud, the cloud business of global technology company Tencent, have signed a Memorandum of Understanding for a strategic collaboration that will pave the way to launch the next-generation cloud solutions and services in KSA. Zawya
  • Just as worryingly, Chinese tech companies, from Alibaba to Tencent to ByteDance, have admitted to sharing user data with the Chinese government - so anyone who uses their services to push banned content might be registered in a government database. Brookings
  • 2022's biggest deal was Microsoft's $68.7 billion Activision Blizzard acquisition, which is expected to close by mid-2023 and would turn Microsoft into the third-largest gaming company by revenue after Tencent and Sony. Mobile Marketing Reads
  • In the next three to five years, Tencent will improve the energy efficiency of its data centers by installing distributed photovoltaic power generation devices while increasing investment in renewable energy projects. Moneyweb

Last updated: 25 March 2024



Please stand by...

The magic is happening, but it might take a couple of minutes.

Login