In the lead up to China’s 40th anniversary of reforms and opening up, People’s Daily, the mouthpiece of the ruling Communist Party, published a list on Monday commending 100 extraordinary contributors to the country’s economic development. Familiar names like Jack Ma of ecommerce operator Alibaba as well as Pony Ma of gaming and social networking […]
View More China leaves Huawei founder off honor roll marking 40 years of economic successCategory: ma huateng
Tencent shakeup puts the focus on enterprise
Chinese internet giant Tencent is reorganizing its business to place more emphasis on enterprise as it prepares for the future of technology and looks to alleviate the pressure on its under-fire consumer business. The reorg, which Reuters reports is the company’s first shakeup for six years, was announced over the weekend — ahead of a […]
View More Tencent shakeup puts the focus on enterpriseChinese internet giant Tencent suffers a rare profit drop
Tencent, Asia’s most valuable tech firm, delivered a surprise drop in profit on account of lower investment gains. The firm recorded strong growth with revenue up 30 percent year-on-year to reach 73.7 billion RMB ($10.7 billion) in Q2 2018. But net profit slipped by two percent annually to reach 17.9 billion RMB, or around $2.6 billion. […]
View More Chinese internet giant Tencent suffers a rare profit drop