Tencent leads China Tech selloff amid crackdown fears

Economy 02/23/22, 17:38

On Feb. 21, Chinese gaming giant Tencent Holdings shares fell 5.2%, the most since September last year. Its stock price has fallen 40% from the peak in January last year. Other tech companies in China also saw their shares drop, with the sector, in general, seeing the worst two-day decline since ...

Beijing likely to support metaverse if it obeys state rules, says Tencent

China 11/11/21, 18:17

Chinese social media giant Tencent Holdings expects the communist country characterized by harsh internet censorship to support the operation of 'metaverse' virtual environment services as long as they comply with state rules, Reuters reported. While welcoming the potential for gaming business opportunities in a post-earnings call on Wednesday, Tencent publicly acknowledged the essential ...

Facebook plans to change its name in a radical rebranding effort

Tech 10/20/21, 18:27

According to a recently published report, social networking giant Facebook could announce a name change next week. It's attempting to generate a profound rebranding as it goes through its worst public relations crisis. According to The Verge, Facebook founder and CEO Mark Zuckerberg plans to talk about the name change at ...

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