Tencent

Tencent wants to bring more financial services to its video users and expand its fintech presence in China.

Huya’s parent company and largest shareholder booked an 83.1% net income slump due to the firm’s overseas expansion effort.

Online service Tuhu, valued at USD 1.1 billion, seeks USD 400m in new financing.

The firm reached 35.4 million online music paying users, 4.4 million more than last quarter.

Tencent’s new vision and mission is defined as “value for users, tech for good,”

Regulations come amid fewer titles and challenges over its restructuring plan.

Tencent aspires to position itself as the first player in video social networking before the arrival of the 5G era.

The lawsuit is related to hundreds of songs by the popular Chinese singer Jay Chou.