tencent

Riot Games cutting 530 staff Tencent Holdings Ltd.’s Riot Games plans to lay off 530 employees, with management saying in a memo that the video-game maker has too many projects and too little focus. The cuts, which amount to about 11% of staff, were announced Monday in a blog post and letter...

GTA veteran's new open-world game gets first trailer Tencent Holdings Ltd. revealed one of its most ambitious attempts at a big-budget console game on Friday, betting on a new franchise to fire up fans and help the global expansion of China’s most valuable company. Last Sentinel is an...

Tencent rally up against earnings test Tencent Holdings Ltd.’s successful foray into short videos and a softening regulatory backdrop have fueled a $160 billion (R2.97 trillion) rally since October, the next leg of which will hinge on a crucial earnings release this week. Shares of the gaming...

Hackers auction League of Legends source code — and want at least R15 million The threat actor behind the attack on Riot Games is auctioning off League of Legends source code and wants at least $1 million (R17 million) for it, Bleeping Computer reports. This also includes source code for the...

Tencent share price nearly doubled from October low Shares of Tencent Holdings Ltd. have nearly doubled from a recent low on growing signs that China is preparing to end its crackdown on major tech firms as well as optimism about the country’s reopening. The online giant’s stock has risen 96%...

Tencent share price jumps after China approves several games Tencent Holdings Ltd. joined a rally in Asian gaming stocks Thursday after China green-lit its latest clutch of blockbuster titles, reinforcing hopes Beijing is easing a crackdown on the world’s largest mobile gaming arena. Tencent...

Naspers CEO dumps R1.6 billion in shares during company's aggressive stock buyback Naspers CEO Bob van Dijk sold R1.6 billion in Naspers shares over the last two weeks while the company was on a buyback spree. Over the last few days, Naspers announced that Van Dijk sold his shares in a few...

Worries that Naspers-owned Prosus will offload R131-billion Tencent stake Tencent Holdings Ltd. shares worth $7.6 billion (R131 billion) appearing in Hong Kong’s clearing and settlement system has fueled speculation that a large stakeholder may be selling its holdings. About 192 million of...

Logitech and Tencent working on cloud gaming handheld Logitech G has partnered with Tencent Games to develop a dedicated handheld gaming device compatible with multiple cloud gaming services. They plan to release the console later this year.

Tencent games fail to make China's approval list for third time China approved its third batch of new games this year, but Tencent Holdings Ltd. again failed to make the list, which traders watch to gauge Beijing’s intentions for the world’s largest mobile entertainment arena. There were no...

Chinese tech stocks fall after Naspers-owned Prosus announces share buyback plan Chinese technology stocks fell as a plan by Tencent Holdings Ltd.’s major backer to further cut its stake in the company fueled concerns more investors may look to take profits following a strong rally. The Hang...

All the companies Naspers owns Naspers' empire extends from its ecommerce and media holdings in South Africa to indirect ownership of some of the world's biggest game studios. The company announced its annual financial results on Monday, reporting a 24% revenue increase to $36.7 (R581.3...

Naspers-owned Prosus selling Tencent stock to buy back own shares Naspers and Prosus have announced a share repurchase programme, where it will sell a portion of the group's Tencent Holding shares to buy back its own stock. The repurchase programme will be funded by the on-market sale of...

ByteDance Disbands Shanghai Games Studio in Expansion Setback ByteDance Ltd. has shut down a game development studio it acquired just three years ago, slashing more than a hundred jobs in a major setback for its quest to challenge Tencent Holdings Ltd. in mobile gaming. [Bloomberg]

Tencent shuts down game streaming service — Chinese tech stocks shaken Chinese tech stocks slid for a third day as Tencent Holdings Ltd.’s decision to shut its game streaming service further hurt sentiment in a sector already bogged down by regulatory risks. The Hang Seng Tech Index fell 2.2%...

Tencent share comeback expected Share buybacks are emerging as the hottest trend among Chinese tech giants and industry leader Tencent Holdings Ltd. may be the next to jump on the bandwagon. The online gaming giant climbed as much as 3.1% in Hong Kong on Wednesday, just before it’s expected to...

Tencent says regulatory crackdown not reason for big tech selloff Tencent Holdings Ltd. denied online speculation that it’s facing a major regulatory crackdown, issuing an unusually aggressive public response after fears of more tech-sector restrictions tanked markets on Monday. Zhang Jun...

Naspers management slated for making multi-billion blunders Ranmore Fund Management founder, Sean Peche, has slated Naspers and Prosus management for their failure to unlock value for South African savers and investors. In a series of comments on Twitter, Peche explained why he believes the...

WeChat grows despite China's crackdown Tencent Holdings Ltd.’s WeChat super app managed remarkable growth in services from e-commerce to payments and search over the past year, defying a government crackdown that sought to tear down barriers within China’s internet arena. Daily active users of...

Critical security flaw being exploited all over the Internet IT security company Sophos has detected a sharp increase in attacks exploiting the zero-day exploit in Apache's Log4j. Vulnerable organisations include Apple, Tencent, Valve, Google, Minecraft, Amazon, and Tesla, to name a few.