Tencent Tag

The Cyberspace Administration of China (CAC) has released a list comprising 30 algorithms used in some of the country’s most popular apps, such as Tencent’s [0700:HK] WeChat, Alibaba’s [BABA:US] Taobao, and ByteDance’s Douyin, as reported by South China Morning Post on August 13. The unprecedented...

Tencent’s [0700:HK] mobile payment business WeChat Pay could face a record fine for violating the PBoC’s anti-money-laundering rules, as reported by Wall Street Journal on March 14. The exact amount of fine is currently being discussed, but it is likely to exceed hundreds of millions...

The Cyberspace Administration of China (CAC) is soliciting opinions on a draft regulation for cyber protection for minors, as reported by Reuters on March 14. The rules mandate internet product and service providers to set up a system to combat video game addiction among minors. The...

China’s technology and entertainment conglomerate Tencent [0700:HK] has pledged to achieve carbon neutrality for its operations and supply chain by 2030, as reported by Reuters on February 24. To attain this goal, Tencent committed to using green power for all its electricity demand by 2030,...

Photon Studio, a mobile gaming studio of Tencent's [0700:HK] Interactive Entertainment Group (IEG), has begun a pilot to enforce a 6PM off-time for employees on Wednesdays, as reported by Sina on June 11. According to the overtime management system notice, beginning on June 14, the...

Chinese technology company Tencent [0700:HK] may be the next target of the anti-monopoly campaign initiated by the State Administration for Market Regulation (SAMR), as reported by Reuters on April 29. As part of the county’s antitrust clampdown on the domestic internet giants, it is expected...

Greenpeace, an environmental protection non-governmental organization (NGO), published the Clean Cloud 2021, a ranking list of energy-related information disclosures and renewable energy use in China’s technology and internet industry, as reported by Caixin on April 21. Specifically, Tencent [0700:HK] topped Chinese internet cloud services companies,...

Tencent [0700:HK] on February 2 issued a response to TikTok’s lawsuit against it, stating that the allegations were inconsistent with the facts and malicious, as reported by Sina on February 3. Tencent pointed out that TikTok violated users' rights and claimed to sue ByteDance, TikTok’s...

PBoC has drafted regulation to strengthen supervision over non-banking institutions’ payment services on January 20, as reported by JRJ.com on the same day. Notably, the policy this time adds anti-monopoly measures for the non-banking payments industry. Moreover, the regulation highlights the requirement of non-banking payment...

Tencent [0700:HK] apologized on January 18 for its instant messaging software, QQ, for reading users’ browser history, after an internet article exposed it on January 17, as reported by The Paper on January 19. Tencent explained that the reading was to evaluate login security risks...

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