Crypto-friendly gaming giant Tencent considering Ubisoft buyout: Report
[Oct 4 8:59 PM] The Guillemot family and Tencent would likely take the company private if the deal happens.
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Wintermute in $300M funding talks, Tencent interested: Report
[Jul 23 1:23 PM] The crypto market maker could have a valuation of $2 billion if the talks come to fruition.
Tencent Tests Use Cases for Trading Settlements Using Digital Yuan and Mbridge
[Jun 24 10:44 PM] Tencent, the Chinese tech giant, was revealed to be participating in the tests that the Chinese institutions have completed using Mbridge, a CBDC-enabled cross-borders settlement platform. Tencent participated through its international settlements…
China Pushes Metaverse Standardization Group to Establish the Rules of the Yuanverse
[Jan 22 9:00 PM] The government of China has announced the creation of a metaverse standardization working group to establish different rules to govern the Chinese Yuanverse platform. The standardization group will be integrated by Chinese universities, government…
Microsoft and Nvidia stocks reach all-time highs amid OpenAI CEO shuffle
[Nov 20, 2023 1:58 PM] Former OpenAI CEO Sam Altman has reportedly agreed to a position with Microsoft, while Nvidia reaps the benefits of Big Tech’s scramble to build a better chatbot.
Alibaba launches its ChatGPT-like AI model for public use amid loosening restrictions in China
[Sep 13, 2023 2:15 PM] The launch comes just weeks after Chinese authorities began accepting applications for public-facing AI systems.
Tencent unveils ChatGPT rival in China amid continuing US AI chip ban
[Sep 7, 2023 12:13 PM] Despite heavy government regulations and ongoing struggles with hardware sourcing, Tencent’s large language model has been released for business use in China.
Tencent-backed Everledger collapses amid lack of funding: Report
[May 8, 2023 6:20 AM] Everledger was quietly placed into insolvency after it didn’t manage to materialize its planned funding round from an undisclosed investor.
China’s Wechat Adds Support for Digital Yuan Payments
[Mar 8, 2023 9:00 AM] Chinese social media platform Wechat has introduced support for the state-backed digital yuan in its popular payment app. Over a billion users will now ostensibly be able to take advantage of fast payments with the digital currency issued by the…
Tencent to Offer Metaverse-Building Services for Asian Markets
Ankr (ANKR) Rallies 60% Following Partnership With Microsoft
[Feb 23, 2023 11:30 AM] DeFi token Ankr (ANKR) is one of the best-performing cryptocurrencies in the market presently, gaining 60% in two days. This impressive price rally occurred following an announcement of Ankr’s innovative partnership with American technology giant…
Tencent Cloud signs multiple collaboration agreements with blockchain firms
[Feb 22, 2023 1:45 PM] The Chinese internet giant is launching new Web 3.0 solutions including a Metaverse-in-a-Box product and blockchain API services.
Chinese Tech Giants Tencent and Bytedance Plan Cuts in Their Metaverse Divisions
[Feb 20, 2023 1:30 AM] According to reports, Tencent and Bytedance, two Chinese tech giants, are planning to execute a significant number of job cuts in their metaverse divisions. Tencent recognized it is making some staff adjustments, amidst rumors of hundreds of…
Chinese Zhejiang Province Aims to Build a $28.7 Billion Metaverse Industry by 2025
[Dec 19, 2022 6:30 AM] Zhejiang, a coastal province of China, has presented a metaverse development plan that seeks to build a metaverse hub in its territory. The plan aims to entice the creation of a $28.7 billion metaverse industry and construct an ecosystem of several…