Tencent Music Picks Up 2% Stake in UMG
Chinese streaming platform Tencent Music Entertainment grew its stake in the world’s largest music company, Universal Music Group (UMG), by…
Tag: Tencent
Tencent hires WizardLM team, a Microsoft AI group with an odd history
WizardLM, a Beijing-based Microsoft AI research group, appears to have joined Tencent, the Chinese company that owns WeChat and blockbuster…
Tencent Music’s Streaming Subscriptions Jump 17%, Driving Strong Profit and Revenue Growth
Tencent Music Entertainment (TME) said on Tuesday a 17%-surge in music subscription revenue drove higher first quarter revenue for China’s…
Assassin’s Creed maker gets $1.25bn Chinese investment
Shenzhen-based Tencent, which owns the popular messaging app WeChat, will hold about a quarter of a new subsidiary.
Ubisoft spins out subsidiary with a billion-dollar investment from Tencent
Ubisoft is continuing its efforts to course-correct after several challenging years. Today, the video game company announced that it will…
US designates Tencent a Chinese military company
China’s embassy in Washington branded the move as an “unreasonable suppression” of its firms.
The US just added Tencent to its list of ‘Chinese military’ companies
While the Chinese internet giant Tencent is best-known for its super-app WeChat, it’s also a major investor in U.S. tech…
Two directors of Epic Games, Tencent resign amid antitrust investigation
The US Department of Justice says it expressed concerns directors’ positions on two company boards violated Clayton Act.
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