Tencent Appoints New VP For E-commerce Business
Chinese Internet company Tencent sent an internal email to announce that Bu Guangqi, chief executive officer of Yixun.com, has been appointed new vice president of Tencent.
Tencent Cuts Staff In North American Game Studio
Chinese Internet company Tencent recently completed its staff layout in its North American office, and about 20 employees were dismissed during this adjustment, accounting for 40% of its total employees in North America.
Tencent’s Internet Advertising Revenue Up 58.3%
Chinese Internet company Tencent published its financial report for the fourth quarter and the entire year of 2012.
Tencent Adjusts E-commerce Subsidiary Structure In China
According to an internal email reportedly sent by Bu Guangqi, chief executive officer of Tencent’s e-commerce subsidiary 51buy.com, the company will implement a structural adjustment, aiming at sales of CNY15 billion to CNY20 billion in…
Former AdChina COO Jumps To Tencent
Chinese Internet company Tencent revealed that Zheng Jingwei, former chief operating officer of AdChina, has joined Tencent as general manager for the advertising platform unit of the networking media group.
Alibaba, Tencent, Ping An Join Hands For Insurance JV In China
Ma Mingzhe, chairman of Ping An Insurance (Group) Company of China, Ltd, confirmed to Chinese local media that the company has cooperated with Alibaba Group and Tencent Group in the establishment of a new insurance…
China’s Tencent Invests USD1 Billion In E-commerce Subsidiary
Ma Huateng, chairman and chief executive officer of Tencent, has announced plans to invest USD1 billion in its independently operated e-commerce holding company.
China’s Tencent Invests CNY400 Million In South Korean Mobile Chat Application
Chinese Internet company Tencent revealed in its financial report for the first quarter of 2012 that the company acquired a 13.84% stake in KakaoTalk, a South Korean mobile communication application, for CNY403 million.
Chinese Companies Form Video Content Group
Chinese Internet video providers Sohu video, Tencent video, and Iqiyi.com have together established an organization named Video Content Cooperation to implement deeper cooperation in resource sharing, platform development, copyright protection and broadcasting sector growth.
360buy.com Offers Interest-free Loans To Employees
Chinese B2C e-commerce website 360buy.com has announced plans to offer interest-free housing and car loans to employees, and the total amount available will reach several hundred million Renminbi.
