Tencent, Changan Automobile Launch Connected Vehicle Platform Joint Venture

Chinese Internet giant Tencent Holdings Ltd. has set up a joint venture with Chinese automobile manufacturer Changan Automobile Co., Ltd. to co-develop autonomous driving technologies and connected vehicle platforms. It marks Tencent’s latest move in the automotive sector to rival Alibaba and Baidu. Last November, Tencent partnered with five automakers including Changan, GAC Group, Geely, … More Tencent, Changan Automobile Launch Connected Vehicle Platform Joint Venture

Tencent’s Pony Ma Says Retail Investment Grows Online Advertising, Mobile Payment

Retail investments benefit Tencent in three ways: mobile payment and related financial services, cloud development and advertisement, according to the tech giant’s Founder and CEO Pony Ma. Ma’s comments come as Tencent accelerates its investments in the retail sector, a move seen to rival and take market share from China’s largest retailer Alibaba Group. “People … More Tencent’s Pony Ma Says Retail Investment Grows Online Advertising, Mobile Payment

Tencent Leads $100M Pre-IPO Investment In News App Qutoutiao At Unicorn Valuation

Tencent Holdings Ltd has led a pre-IPO investment of more than US$100 million in Chinese personalized news recommendation app Qutoutiao, valuing the start-up between US$1.3 billion to US$1.5 billion, according to local media. Qutoutiao, which means “fun headline” in English, is rumored to be seeking a U.S. initial public offering of up to US$3 billion … More Tencent Leads $100M Pre-IPO Investment In News App Qutoutiao At Unicorn Valuation

Tencent, Alibaba Set Sights on Self-Driving With Demo Facility in Guangdong

Some of China’s leading tech firms are working with the Guangdong Provincial Economic & Information Commission to test autonomous vehicles at a demo facility for Guangzhou Automobile Group Co.. Tencent Holdings Ltd., Alibaba Group Holding Ltd., and Huawei Technologies Co. are among the list of firms involved in the project, regional news outlet Nanfang Media … More Tencent, Alibaba Set Sights on Self-Driving With Demo Facility in Guangdong

China Gives Green Light to First Government-Led Personal Credit Scoring Firm

China’s central bank, the People’s Bank of China, has officially issued the first domestic personal credit scoring license to the state-led Baihang Credit Scoring Co. which partnered with domestic major credit scoring institutions backed by such internet giants as Alibaba Group Holding Ltd., Tencent Holdings Ltd. and NetEase Inc. The new platform will mainly provide … More China Gives Green Light to First Government-Led Personal Credit Scoring Firm

Helsinki Reaches out to Millions of Chinese Travellers with new Helsinki Mini Program

China is the largest outbound tourism market in the world. The cooperation between Helsinki and Tencent gives the Finnish capital a groundbreaking channel straight into the mobile devices of WeChat users. Helsinki has set itself the goal of being the most digitalised city in the world, and the cooperation with Tencent ensures that the city … More Helsinki Reaches out to Millions of Chinese Travellers with new Helsinki Mini Program

Banking on Lunar New Year Travelers, Harrods Launches WeChat

Harrods has partnered with Tencent’s strategic partner My Money to roll out the WeChat digital payment system at Harrods Knightsbridge and its airport retail stores, just in time for the Lunar New Year holiday. WeChat pay is ubiquitous in China. It allows users to instantly send money to their contacts or, by scanning a QR … More Banking on Lunar New Year Travelers, Harrods Launches WeChat

China UnionPay rolls out cash incentives on integrated payment app, ramping up battle with Alibaba and Tencent

China UnionPay is ramping up the marketing on its recently released integrated mobile app, in an attempt to make inroads into a sector dominated by third-party payment services backed by Alibaba Group Holding and Tencent Holdings. Under a promotional campaign that winds down on March 2, participants who download and use the QuickPass app to … More China UnionPay rolls out cash incentives on integrated payment app, ramping up battle with Alibaba and Tencent

Tencent Pulls Credit Scoring Service one day after its launch

The central bank’s credit bureau has told Tencent’s credit rating arm to pull a credit scoring service, just one day after its launch as a trial program, a source close to regulators told Caixin. Ongoing concerns about the misuse of credit and personal-credit information were the primary reasons that regulators issued the “window guidance” to … More Tencent Pulls Credit Scoring Service one day after its launch