Tencent

Pinduoduo predicts annual gross merchandise volume on its platform from agriculture to exceed RMB 1 trillion (USD 146 billion) in annual GMV in five years.

The US Commerce Department said that it would delay by one week restrictions on distribution and maintenance of the WeChat and TikTok apps.

The reported USD 10 million deal is a bargain for Tencent compared to the previous Premier League contract.

This month, Tencent also led a USD 50 million funding round in music streaming company Gaana along with Times Internet.

Kuaishou’s valuation reached USD 28 billion after a USD 3 billion financing round in December led by Tencent.

Commerce Secretary Wilbur Ross is set to release regulations by Sunday clarifying which WeChat transactions will be prohibited.

The company has been planning to shift some of its business operations, such as international game publishing, out of China as tensions rise between Washington and Beijing.

The “apps inside WeChat” opened the e-commerce possibility for China’s No.1 chatting and social media app.