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Sharechat gets $49 million funding from investors, aims to be profitable in…

In the last funding round, Sharechat was valued at almost $5 billion.

ShareChat(Mint)
Updated on Mar 29, 2024 12:44 PM IST

The Chinese Communist Party wants (a bit) less consumer internet

The signals it is sending to investors are loud, if somewhat cacophonous

People play online games in an internet cafe in Fuyang in central China's Anhui province Friday, March 1, 2019. China's authority in charge of press and publications has approved 150 online games, saying it fully supports the industry after newly proposed curbs caused massive losses for major game companies. The National Press and Publication Administration issued a statement on its Weibo social media account Monday, Dec. 25, 2023, saying the approvals demonstrate active support for the development of online games.(Chinatopix via AP)(AP)
Published on Mar 14, 2024 08:00 AM IST
The Economist

Will Smith joins Tencent's Undawn on epic open-world survival RPG

Unleash your survival skills alongside the Hollywood legend, as Will Smith ventures into gaming with Tencent's upcoming title, Undawn.

Will Smith to star in Tencent's Undawn. (Image Credit: Tencent)
Published on May 26, 2023 07:00 PM IST

Tencent revenue falls for first time since going public

Around half of Tencent's revenues came from fintech and business services as well as online advertising, which would position the company for growth when China's economy expands, the company said.

Tencent also cut around 5,500 jobs down to 110,715 employees by the end of June, the first quarterly decline in workforce since 2014.(Reuters)
Published on Aug 17, 2022 05:29 PM IST
AFP |

China regulator says Alibaba, Tencent have submitted app algorithm details

These comes in order to comply with the rules which are part of a broad regulatory crackdown by Beijing against its once free-wheeling technology sector.

In March this year, China passed new regulations  for tech platforms to disclose the algorithm they used in their apps.(AFP File)
Published on Aug 15, 2022 03:04 PM IST
Reuters | | Posted by Singh Rahul Sunilkumar

China demands Tencent submit new apps and updates to inspection: Report

It also said that MIIT had recently issued a notice to say that between Nov. 24 to Dec. 31, all mobile apps and their updates will need to undergo a roughly seven-day-long review before they can be uploaded to app stores.

A Tencent logo is seen at its booth at China International Fair for Trade in Services (CIFTIS) in Beijing(Reuters)
Published on Nov 24, 2021 05:09 PM IST
Reuters | , Beijing
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