Tencent

With China’s watchdogs keeping a close eye on the tech giant, Tencent is hoping that more strategic investments will prove lucrative.

The change is a redirection for Tencent’s overall streaming business after Douyu’s lackluster business performance.

The Chinese government stated in 2021 that the brutal “996” work arrangement is illegal.

The company will lean on its expertise in video game development as it shapes its own metaverse.

As the gold-standard super app that operates in multiple verticals, WeChat counts Alipay, Douyin, Kuaishou, and more as rivals.

The government will tighten supervision on platform companies in 2022, a regulatory official said.

This will be the largest shareholder dividend ever issued by a Chinese internet company.

Tencent and Alibaba bleed value under pressure from both Beijing and Washington.