Headquartered in Shenzhen, Tencent is one of China's and the world's largest internet services companies, with interests in media, entertainment, web and mobile communications, advertising, e-commerce

and internet banking.

How the coolest music company in China died
One of the coolest music start-ups in China, Xiami Music, simply couldn’t cut it and will close next month after management admitted it missed “crucial opportunities” in the battle with rival Tencent Music. Owned by Alibaba (which owns Inkstone), Xiami has become a cautionary tale of how a company can be beloved by the fans, but won’t be able to survive if it can’t attract the mass market.  It also marks an end of an era, harkening back to a time when the Chinese internet was less concerned about making money and more focused on building businesses with innovative ideas. Just a few years ago, Xiami was one of the top streaming platforms in China, but, in the time since, Tencent has grown to
Chinese tech boss won’t hand out cash gifts amid coronavirus concerns
Many Chinese workers can expect their bosses handing them a red packet stuffed with cash during the Lunar New Year celebrations. But this year, employees at Tencent, one of China’s biggest tech companies, won’t be getting the packets directly from company founder Pony Ma. It will be the first time in nearly two decades that this has happened at the company, as China deals with the spread of a deadly coronavirus. The virus has killed nine people in the central Chinese city where it originated and infected 440 others across the country. Tencent, based in the southern Chinese megacity of Shenzhen, has canceled the handout of these red packets, also known as hongbao or laisee, on the first worki
China’s tech giants pledge allegiance ahead of national day
A week before China’s national day celebration on October 1, tech giant Tencent is promoting a red Chinese flag filter to users of its all-in-one app WeChat. On Monday, Chinese netizens began adding a small national flag to the right corner of their profile picture on Wechat.  The online campaign was an instant hit on the super app. The service crashed at one point due to an avalanche of users, Tencent told the National Business Daily. On another social media site, the Twitter-like Weibo, the Communist Youth League of China, the youth wing of the Communist Party, launched a campaign asking users to share a photo of themselves with the national flag.  It asked users to spell out their love t
Is 12 hours of waiting worth $30 from the boss?
The people in this photo aren’t lining up to buy new iPhones or cronuts. They’re employees of Tencent Holdings, waiting outside the tech giant’s headquarters in Shenzhen to receive cash-filled red envelopes from company chairman Pony Ma and other senior management. A long line started forming from Tuesday morning for a chance to get a second of face time with Ma, China’s third-richest man. It is customary in many parts of China for companies or bosses to give their employees red packets to start the new work year, as a form of good wishes. (Although the Chinese economy’s slowdown is poised to hit its tech sector hard.) The most diehard employees were in place since before 8pm on Monday, me
Spotify with karaoke: what to know about China’s big music IPO
Get ready to face the music. China’s largest music-streaming company Tencent Music filed on Tuesday to go public in the US. The company, which is both part of social media giant Tencent and also backed by industry leader Spotify, is expected to become another mega listing by a Chinese company in the US.  While Spotify is struggling to turn a profit, Tencent Music has been making money for two years. Here are four things you need to know about it. 1) It owns the most popular music apps in China. Tencent Music was formed in mid-2016 as a spin-off from Tencent, which acquired a number of large music services to merge with its own music business. Across its platforms, it had more than 800 milli
Gaming will make you lose your sight (or $20 billion)
You'll go blind if you keep playing video games, you know. That's not your mom: that's the Chinese government talking. In a notice released on Thursday, China's Ministry of Education directed the country's media regulator to cut down on the number of new online video games and to work on restrictions on the amount of time young people can spend gaming. The reason? China's rising levels of nearsightedness, apparently. The directive formed part of a Ministry of Education document which outlines ways to combat the problem, which is blamed in part on increasing use of cell phones and electronic devices. The measures may be aimed at improving the welfare of Chinese citizens, but they had one imm
The story of China’s everything app
WeChat isn’t just the Chinese version of WhatsApp. It’s so much more: an app that allows you to do everything from play games, to read the news, pay for meals… even make an appointment to file for divorce. With more than one billion monthly active user accounts, it’s not an overstatement to say that WeChat is an indispensable part of everyday life in China. But in the last few months investors have been questioning whether Tencent, the behemoth owner of the ubiquitous app, has lost its mojo – worries borne out by the company's recent lackluster earnings, announced yesterday. Here’s how WeChat went from simple messenger to China’s most popular mobile app. Humble start WeChat, or Weixin as it’
A monster hunting ban for this gaming giant
Chinese gamers looking to bag their next monster hide are out of luck. The world’s largest gaming company, Tencent Holdings, has pulled a hit video game from its platform less than a week after launch in the latest case of Beijing’s tightened controls over online content. The gaming giant — which owns, among others, League of Legends developer Riot Games — removed Monster Hunter: World from its WeGame platform after authorities received “numerous” complaints about the game’s content, WeGame said in a statement on Monday. That’s the latest in a long series of blows for Tencent, which today released tepid second-quarter earnings of 17.9 billion yuan ($2.6 billion), down 2% on the previous qua
Far Cry China is right on the horizon
In the Far Cry video games, you play a trigger-happy protagonist sprinting through lavishly recreated tropical islands, war-torn African savannahs or frosty Himalayan highlands. In the Assassin’s Creed franchise, you carry out stealthy assassinations on the rooftops of painstakingly recreated Renaissance-era Florence, revolutionary Paris and 18th-century Boston. But what if you could be unloading rocket launchers in the deserts of Inner Mongolia? Or lurking armed to the teeth in the shadows of the Great Wall? These games franchises are now partly owned by Chinese conglomerate Tencent, and the Chinese market is swinging wide open.   Macro-transactions Tencent is Asia's most valuable company
Why the Aussie defense department just banned WeChat
Australian officials are cutting ties to China’s most popular social media platform. Staff members at Australia’s Department of Defence are no longer allowed to download and use the WeChat app on their work phones. The department confirmed the ban with the Australian Financial Review, saying that it does not “provide or support the use of unauthorized software.” The department has not replied to a request for comment from Inkstone. Owned by Chinese internet conglomerate Tencent, WeChat is an all-in-one app, combining the features of Facebook and WhatsApp as well as an electronic payment system. It now has one billion monthly user accounts. Experts say it is not unusual for a defense departm