Receive up-to-the-minute news updates on the hottest topics with NewsHub. Install now.

Search results

1-10 results from 487 for query «tencent»

December 11, 2018 11:04 PM China's Tencent Music raises nearly $1.1 billion in U.S. IPO

NEW YORK/HONG KONG (Reuters) - China-based music streaming company Tencent Music Entertainment Group TME.N has raised close to $1.1 billion in its U.S. initial public offering (IPO) after pricing its shares at the bottom of its targeted range, two sources said on Tuesday. The music arm of gaming and social network giant Tencent Holdings Ltd (0700.HK) priced 144

December 10, 2018 12:52 AM China says rejecting physical cash is illegal amid e-payments popularity

SHANGHAI (Reuters) - China’s central bank on Monday warned that rejecting cash as a form of payment was illegal, saying that such practices could eventually could cause the loss of confidence in physical money and was unfair to those not accustomed to electronic payments. Its comments, made in a post on its official WeChat account, come as electronic 130

November 27, 2018 12:30 AM Tencent, Line to tie up in Japan mobile payment services: Nikkei

TOKYO (Reuters) - Tencent Holdings Ltd and Japanese chat app operator Line Corp will tie up to offer mobile payment services for small Japanese retailers aiming to attract business from Chinese tourists, the Nikkei business daily reported on Tuesday. Line will start offering mobile payment services with leased terminals compatible with Tencent’s WeChat 135

October 26, 2018 8:35 PM 'Fortnite' creator Epic Games raises $1.25 bln from KKR, others

(Reuters) - Epic Games, the creator of video game sensation “Fortnite”, said on Friday it received $1.25 billion in funding from investors, including KKR & Co Inc (KKR.N), Iconiq Capital and Smash Ventures. “Fortnite,” a sort of hybrid of “The Hunger Games” and “Minecraft,” drops 100 people onto an island to fight each other for survival. The tactical 109

October 25, 2018 12:48 PM The African Media Giant That Wants to Create the New Craigslist

South Africa’s Naspers is using profit from its Tencent stake sale to invest in mobile-classifieds app letgo JOHANNESBURG—Naspers Ltd., the little-known South African media outlet that grew into the continent’s largest company thanks to a phenomenal bet on Chinese internet giantTencent Holdings Ltd., is trying to remake itself again with a counterintuitive 101

October 8, 2018 8:39 PM China's Tencent invests $180 million in Brazil fintech Nubank

SAO PAULO (Reuters) - Chinese gaming and social media firm Tencent Holdings Ltd (0700.HK) paid $180 million for an undisclosed minority stake in Brazilian financial technology company Nu Pagamentos SA, both companies said on Monday. The move marks Tencent’s debut in Latin America’s largest economy at a time when Nubank, as the company is known, is preparing 97

October 5, 2018 9:33 AM Exclusive: SoftBank deepening ties to ride-hailing firm Grab with $500 million funding

SINGAPORE/JAKARTA (Reuters) - SoftBank Group Corp (9984.T) is closing in on a deal to invest about $500 million in Grab as part of roughly $1 billion that Southeast Asia’s biggest ride-hailing firm is seeking in its latest funding, sources with knowledge of the matter said. Six-year-old Grab has garnered more than $6 billion in total funding, led by SoftBank 92

October 2, 2018 6:21 PM Tencent Music Files for U.S. IPO

Chinese music-streaming service could be one of the biggest tech IPOs ever Tencent Music Entertainment Group filed to go public in the U.S. on Tuesday, kicking off what could be one of the biggest initial public offerings ever for a technology company. The China-based music streaming service, part of internet giant Tencent Holdings Ltd. TCEHY -2.26% , said it has applied 79

October 2, 2018 10:17 AM Ubisoft shares climb on Google game streaming partnership deal

PARIS (Reuters) - Ubisoft (UBIP.PA) shares rose on Tuesday, outperforming weaker European markets, after Google said it had partnered with the French video games maker to test its video game streaming service. Ubisoft's shares were up 2.4 percent in mid-session trading at 98.94 euros, making the stock the best performer on Paris' SBF-120 index .SBF120, which 80

September 12, 2018 8:59 PM Chinese Tesla Rival NIO Raises $1 Billion in Underwhelming IPO

Electric-vehicle maker had targeted $2 billion to $3 billion; shares rally in afternoon of first trading day Chinese electric-vehicle maker NIO Inc. rallied in its market debut Wednesday after the Shanghai-based company, which has billed itself as an emerging rival to Tesla Inc., priced its offering in the U.S. near the bottom of expectations. The startup 74