Tag: Tencent

Alibaba and Tencent, Leading Gaming Titans, Embrace the Palworld Craze

All News, Gaming / By Giz / Alibaba, Tencent, Palworld

The Gaming Landscape in China: Alibaba and Tencent Compete in Cloud Services The gaming industry in China is experiencing an unprecedented rush as two of the country’s technology giants, Alibaba and Tencent, dive into a competitive frenzy over cloud services. This frenzy has been fueled by the explosive popularity of Palworld, a game that combines open-world […]

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Huawei, Tencent, and Baidu Spearhead China’s Ambitious Three-Year Metaverse Initiative

All News, Artificial intelligence / By Giz / Huawei, Baidu, China, Tencent, Metaverse

China’s Ministry of Industry and Information Technology (MIIT) has announced a new initiative to drive the growth of the metaverse. The initiative involves the establishment of a dynamic working group consisting of industry leaders such as Huawei, Tencent, Ant Group, and Baidu, as well as academic experts from renowned institutions. The goal is to propel China’s

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Tencent's Q3 2023 Financial Results: Record Revenue of $21.6 Billion and 39% Increase in Net Profit

Tencent’s Q3 2023 Financials: $21.6B Revenue, 39% Net Profit Growth

All News, Computers / By Giz / Tencent, Chinese technology company, Q3 Financial Report

Impressive Q3 Financial Performance by Tencent Tencent Holdings, the prominent Chinese tech giant, has unveiled its third-quarter financial outcomes, demonstrating robust growth and resilience within the dynamic tech sector. The company disclosed a total revenue of 154.6 billion yuan ($21.6 billion), just under the predicted 154.8 billion yuan but still a commendable 10% surge compared to

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