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
Tencent To Acquire Additional Stake In Kingsoft Network For USD46.98 Million
Kingsoft Corporation Limited recently published a report, stating that the company will acquire an addition stake in Kingsoft Network along with Tencent, with USD46.98 million additional investment from Tencent and USD5.22 million from Kingsoft Corporation.
Tencent’s Indian JV Acquires Local Internet Bus Ticket Website
Ibibo, the Indian joint venture invested by China’s Tencent and South Africa’s Naspers, has reportedly acquired an Indian online bus ticket website named RedBus.in.
Tencent’s WeChat Boasts 50 Million Registered Users
Chinese Internet company Tencent announced that its WeChat service has gained over 50 million registered users.
Tencent May Acquire 15% Stake In Malaysia’s Patimas
Chinese Internet company Tencent may acquire a 15% stake in Patimas Computers, an information communication technology provider in Malaysia.
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 Eyes Integrated Mobile Gaming Platform
Ma Xiaoyi, vice president of Tencent, said during the Global Mobile Game Congress in Beijing this week that Tencent plans to launch an integrated mobile gaming platform, covering Tencent’s major mobile applications and quality products…
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…
China’s Tencent Targets Internet Marketers With New Online Advertising Platform
Chinese online marketing is booming, and Tencent just announced the launch of its advertising real-time trade platform Tencent AdExchange, marking its formal entry into the Chinese real time bidding market.
