With WPP’s over 200,000 employees and a $75 billion media book, Sir Martin Sorrell has a uniquely privileged insight into the future of the online advertising industry. And he believes that 2018 might be the year that a third company joins what he calls the Facebook/Google “duopoly” in online advertising and search. Read More
Category: Tencent
Crunch Report | Google and Tencent ink patent agreement
Google inks a patent deal with Tencent, Tile lays off 30 people and Apple hires the tech team from Silicon Valley Data Science (SVDS). All this on Crunch Report. Read More
View More Crunch Report | Google and Tencent ink patent agreementGoogle inks patent deal with Tencent
Google has yet more news from China after the U.S. search firm announced a patent cross-licensing agreement with Chinese tech giant Tencent. The terms were not disclosed, but Google said the tie-in with Tencent, which is valued at over $500 billion, covers “a broad range of products and technologies” and is “long-term.” The two firms pledged to work together on… Read More
Lego is bringing brick-building games to China
China, rejoice: You’re about to have an internet full of Lego.
The Lego Group is hooking up with Chinese technology conglomerate Tencent; the pair of companies say they’ll collaborate “across a broad range of digital content and digital platfor…
After getting crushed by Google’s AlphaGo, humanity’s top Go player will try to beat Chinese AI
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Google’s AI program AlphaGo whipped the world’s top human Go player, Ke Jie, so resoundingly this spring that he said he wouldn’t ever play a machine again.
Now, he’s coming back for more.
Except this time, Jie won’t be facing any smart machine from Google’s AI research lab, DeepMind. Instead, Reuters reports he’ll take on AI opponents from China, Japan, and Taiwan. The match will take place in April 2018.
One of Jie’s opponents will be an AI program from Tencent, a Chinese tech powerhouse that has been deeply invested in its own AI development. Jie will also square off against Japan’s DeepZenGo and Taiwan’s CGI. Read more…
More about Tech, Google, Artificial Intelligence, Deepmind, and Tencent
View More After getting crushed by Google’s AlphaGo, humanity’s top Go player will try to beat Chinese AITencent and JD.com invest $863M into e-commerce firm Vipshop to battle Alibaba
Tencent, the internet giant that recently became Asia’s first $500 billion company, is continuing its investment spree after it agreed to buy $604 million in shares of Chinese online retailer Vipshop. The deal is being made with long-time partner JD.com, which will invest $259 million into Vipshop, which is listed on the New York Stock Exchange. That takes the total between the two to… Read More
Spotify and Tencent agree to swap stakes in their music businesses
Tencent’s overseas investment splurge continues after the company confirmed a deal with Spotify that will see the duo make investments in each other’s music businesses. Tencent Music Entertainment (TME), the Chinese firm’s subsidiary that manages its music streaming and karaoke services, will make an undisclosed minority investment in Spotify through new shares, while… Read More
As Cook and Pichai leave China, Valley confronts rising internet tyranny in world’s second largest market
It’s been a bad few months for internet freedom in China (and really a bad few decades, but who is counting?). The government brought into force a broad-ranging “cybersecurity law” earlier this year that empowers Beijing to take unilateral control over critical internet infrastructure, while also mandating that foreign companies keep all citizen data local inside China… Read More
Tencent CEO joins Breakthrough Prize as founding sponsor
Tencent founder and CEO Ma Huateng (Pony Ma) is joining the Breakthrough Prize, sometimes referred to as “the Oscars of Science,” as a founding sponsor. He joins the likes of co-sponsors Sergey Brin of Google, Yuri Milner of DST Global, Mark Zuckerberg of Facebook, Anne Wojcicki of 23andMe and others. “Fundamental science is the bedrock of technological advancement,”… Read More
Tencent becomes the first Chinese tech firm valued over $500B
Tencent has became the first Chinese company to be valued at more than $500 billion. Shares of the 19-year-old company, which is listed on the Hong Kong Stock Exchange, rallied to reach HK$418.80 to give it a market cap of HK$3.99 billion which takes past the $500 billion mark. Close rival Alibaba is Asia’s second-highest-valued firm at $474 billion. Entry to the half-a-trillion-dollar… Read More
Tencent reportedly invests $150M in cinema ticketing startup Maoyan
Tencent announced another impressive quarter of financials yesterday, but the Chinese internet giant — which is creeping towards a $500 billion market cap — made other financial moves this week. Reuters reported that the firm invested $150 million Chinese cinema ticketing startup Maoyan, which was created from a merger between dominant players Maoyan and Tencent-backed Weiying… Read More
Tencent’s profit surges 69% thanks to its thriving games business
Tencent, Asia’s highest-valued technology company, has smashed analyst forecasts for its Q3 2017 after it posted a profit of 18 billion RMB ($2.7 billion) on revenue of 65.2 billion RMB ($9.8 billion). That blew past expectations of 15.7 billion yuan and 61 billion yuan, according to analysts polled by S&P Global Market Intelligence, thanks to its high-performing mobile and PC… Read More