Tencent

AWS and Alibaba Lead the APAC Cloud Market; Microsoft, Tencent and Google in the Chasing Pack

Thursday, September 17, 2020 - 2:28am

Microsoft is ranked second in three of the sub-regions, has a strong position in Japan and is placed third in the overall APAC region.

Key Points: 
  • Microsoft is ranked second in three of the sub-regions, has a strong position in Japan and is placed third in the overall APAC region.
  • The rest of the top-ranked cloud providers are either global players with a position in multiple markets - Google and IBM - or companies with a strong position in their home markets.
  • China is by far the largest market in the region, helping Tencent and Baidu to feature among the regions leaders.
  • APAC revenues from cloud infrastructure services were over $9 billion in Q2 and are growing at over 40% per year.

122 Chinese American Organizations Asking White House to Rescind its Executive Order on WeChat Ban

Thursday, September 17, 2020 - 1:01am

WASHINGTON, Sept. 16, 2020 /PRNewswire/ --Today,one day before a Federal district court in San Franciscois going to hold a hearing on Executive Order on Addressing the Threat Posed by WeChat, 122 Chinese American organizations from over 35 states have endorsed UCA's Open Letter to the White House Regarding WeChat Ban, asking the White House to reverse or rescind this Executive Order.

Key Points: 
  • WASHINGTON, Sept. 16, 2020 /PRNewswire/ --Today,one day before a Federal district court in San Franciscois going to hold a hearing on Executive Order on Addressing the Threat Posed by WeChat, 122 Chinese American organizations from over 35 states have endorsed UCA's Open Letter to the White House Regarding WeChat Ban, asking the White House to reverse or rescind this Executive Order.
  • The Executive Order on WeChat is problematic on many levels.Whether it is the technology difficulty in implementing such a ban or its shaky legal groundwork, this ban just makes no sense, as we have pointed out in our letter https://ucausa.org/organizations-react-on-wechat-ban/ .
  • It is potentially violating First Amendment rights and disrupting the way of life for millions of Americans.
  • Just rescind your executive order, please," says UCA President Haipei Shue.

The diversified exhibition areas of World Winter Sports (Beijing) Expo 2020 brings a Frozen Experience

Wednesday, September 16, 2020 - 5:08pm

On September 5, the World Winter Sports (Beijing) Expo 2020 ("WWSE"), sponsored by the International Data Group, opened at the China National Convention Center in Beijing.

Key Points: 
  • On September 5, the World Winter Sports (Beijing) Expo 2020 ("WWSE"), sponsored by the International Data Group, opened at the China National Convention Center in Beijing.
  • In this event, exhibition areas are set in both the China National Convention Center exhibition hall and the outdoor exhibition hall on the south side of the Linglong Tower.
  • Specifically, the China National Convention Center has provided the exhibition areas for the Winter Olympics theme and international organizations, world-famous ice and snow brands, world trade in ice and snow services, ice and snow technology, and ice and snow equipment.
  • For more information about WWSE, please visit http://www.wwse2022.com/ or follow the WeChat public account "World Winter Sports (Beijing) Expo".

Game Publisher Kwalee Continues Rapid Expansion with New Office in China

Monday, September 14, 2020 - 1:00pm

Leading mobile game publisher Kwalee is continuing to expand in 2020, with a new office and team based in China.

Key Points: 
  • Leading mobile game publisher Kwalee is continuing to expand in 2020, with a new office and team based in China.
  • Kwalee is looking to hire 5-10 employees within the next year for the China office, and has already begun with the key acquisition of Penny Qian as Head of Business Development.
  • Pennys appointment highlights Kwalees ambitions in the region, with her impressive experience including roles at AppLift, Tencent and Applovin.
  • In particular, the focus of Kwalee China will be on business development, marketing and third party publishing, an area that has become a focus for the growth of the brand.

Asian Mobile Pays Market Report 2020: Continued High Growth, But U.S. Market Expansion Stalls - ResearchAndMarkets.com

Friday, September 11, 2020 - 11:08am

The "Asian Mobile Pays Continue High Growth, But U.S. Market Expansion Stalls" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "Asian Mobile Pays Continue High Growth, But U.S. Market Expansion Stalls" report has been added to ResearchAndMarkets.com's offering.
  • Mega payment apps Alipay and WeChat pay have been gaining traction in the U.S. market through availability at thousands of merchants.
  • COVID-19 plus trade tensions and politics have put an abrupt end to the stream of travelers from China to the U.S. who would use these acceptance locations with their homegrown mobile apps while on vacations, business trips and traveling to the states for academic reasons.
  • Highlights of the report include:
    The education that US merchants have received by accepting Chinese mobile app payments, revealing that there are simpler and cheaper ways for them to accept shopper payments

Tencent Music's TME live Special Program on ''99 Giving Day'' Inspires Fans to Accept and Love Themselves

Thursday, September 10, 2020 - 1:38pm

TME established the Tencent Music Charity Program in 2018 to focus on the mission of improving public welfare through the transformative power of music.

Key Points: 
  • TME established the Tencent Music Charity Program in 2018 to focus on the mission of improving public welfare through the transformative power of music.
  • The special "Learn to Love Yourself" online concert, presented by TME live, brought this year's 99 Giving Day to a successful and warm conclusion, raising public awareness about the importance of charitable giving.
  • Since launching, TME live has made its mission to support all forms of music and help musicians achieve their dreams.
  • Tencent Music's platform comprises online music, online karaoke and music-centric live streaming services, enabling music fans to discover, listen, sing, watch, perform and socialize around music.

2020 99 Giving Day Breaks Record for China Internet Charity Platform by Tencent

Thursday, September 10, 2020 - 8:39am

BEIJING, Sept. 10, 2020 /PRNewswire/ -- Tencent today announced the conclusion of 99 Giving Day, the most popular annual charity festival in China jointly initiated by Tencent Charity Foundation and thousands of other charity organizations, enterprises, celebrities and media from Sep. 7 to Sep. 9 (Beijing time).

Key Points: 
  • BEIJING, Sept. 10, 2020 /PRNewswire/ -- Tencent today announced the conclusion of 99 Giving Day, the most popular annual charity festival in China jointly initiated by Tencent Charity Foundation and thousands of other charity organizations, enterprises, celebrities and media from Sep. 7 to Sep. 9 (Beijing time).
  • More than 5780 donors, 500 institutions and 10000 enterprises participated in the campaign, which broke the record for giving among China' internet charity industry.
  • Given its rapid scale, growth rate and influence, 99 Giving Day has transformed into a festival of national goodwill and philanthropyfor society.
  • More than one hundred KOLs formed "We Media Charity Team" to promote 99 Giving Day in social media channels.

Tencent Uses Blockchain Technology to Improve Transparency in Annual Internet Charity Campaign

Tuesday, September 8, 2020 - 2:22pm

Tencent kicked off its "99 Giving Day" campaign on September 7th, with a focus on public participation, inclusion and transparency.

Key Points: 
  • Tencent kicked off its "99 Giving Day" campaign on September 7th, with a focus on public participation, inclusion and transparency.
  • Blockchain technology will be applied to all fundraising projects during this year's three-day online charity campaign.
  • "Tencent has extensive experience in the application of blockchain technology, such as in the tax field.
  • There is no need to worry about issues like 'data tampering'," explained Ge Yan, secretary-general of Tencent Charity Foundation, expressing her confidence in the application of blockchain technology in online charity activities.

The Winning Bid: UNISOC takes the tender for China Unicom Chips

Saturday, September 5, 2020 - 3:00am

SHANGHAI, Sept 5, 2020 - (ACN Newswire) - Results of the week's much-anticipated China Unicom Cat.1 large-scale tender have been released, with UNISOC winning the bid.

Key Points: 
  • SHANGHAI, Sept 5, 2020 - (ACN Newswire) - Results of the week's much-anticipated China Unicom Cat.1 large-scale tender have been released, with UNISOC winning the bid.
  • According to published information, the procurement of 5 million Cat.1 sets was one of the largest among all carriers to date.
  • China Unicom's procurement will have a positive impact on the entire Internet of Things industry, and will promote rapid Cat.1 development.
  • UNISOC and China Unicom will continue to cooperate on Cat.1 for the Internet of Things.

Tencent Music Entertainment Group Announces Closing of US$800 Million Notes Offering

Friday, September 4, 2020 - 11:00am

SHENZHEN, China, Sept. 4, 2020 /PRNewswire/ -- Tencent Music Entertainment Group ("Tencent Music," "TME," or the "Company") (NYSE: TME), the leading online music entertainment platform in China, today announced the closing of its public offering of US$800 million aggregate principal amount of senior unsecured notes consisting of US$300 million of 1.375% notes due 2025 and US$500 million of 2.000% notes due 2030.

Key Points: 
  • SHENZHEN, China, Sept. 4, 2020 /PRNewswire/ -- Tencent Music Entertainment Group ("Tencent Music," "TME," or the "Company") (NYSE: TME), the leading online music entertainment platform in China, today announced the closing of its public offering of US$800 million aggregate principal amount of senior unsecured notes consisting of US$300 million of 1.375% notes due 2025 and US$500 million of 2.000% notes due 2030.
  • The Company expects to receive net proceeds from the offering of approximately US$792.4 million, after deducting underwriting discounts and commissions and estimated offering expenses.
  • Tencent Music Entertainment Group (NYSE: TME) is the leading online music entertainment platform in China, operating the country's highly popular and innovative music apps: QQ Music, Kugou Music, Kuwo Music and WeSing.
  • Tencent Music's platform comprises online music, online karaoke and music-centric live streaming services, enabling music fans to discover, listen, sing, watch, perform and socialize around music.