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Tencent

China’s tech sector is expected to consume 782 billion kilowatt-hours of electricity by 2035, or about 5 to 7 per cent of national power consumption, according to Greenpeace. Photo: Xinhua

China tech giants trail on renewable energy, and AI will set them back further

Alibaba, Tencent and Baidu took the top three spots in Greenpeace’s renewable energy scorecard for China’s cloud providers.

Alibaba, Tencent and Baidu took the top three spots in Greenpeace’s renewable energy scorecard for China’s cloud providers

11 Jul 2024 - 3:23PMvideocam

Nvidia casts long shadow in China’s chip market as local firms push alternatives

10 Jul 2024 - 9:00AM

Alibaba Cloud touts endorsements from major clients in AI computing race

8 Jul 2024 - 11:17PM

Chinese digital retail service provider Dmall cleared for Hong Kong IPO

The Shenzhen-based company, backed by Tencent and Lenovo, plans to sell up to 86 million shares, according to a statement posted on the CSRC website.

8 Jul 2024 - 5:15PM

Dmall’s self-service machines are used by many retailers in mainland China and across Asia. Photo: Bloomberg

China kicks off largest AI conference in Shanghai amid tech rivalry with US

The World Artificial Intelligence Conference in Shanghai will feature innovations that could help China narrow the gap with the United States in the technology’s development.

3 Jul 2024 - 7:30PM

Tencent boosts AI training efficiency without Nvidia’s most advanced chips

Tencent said its focus on speeding up network communications to access idling GPU capacity resulted in a 20 per cent improvement in LLM training.

2 Jul 2024 - 8:00PMvideocam

Tencent to close online education platform as restructuring efforts continue

Shuttering the 10-year-old online education platform with more than 400 million users shows Tencent’s focus on its cost-cutting strategy.

1 Jul 2024 - 5:02PM

Tencent’s cost-cutting efforts have included divesting some of its investment portfolio, closing noncore businesses, and consolidating its sprawling operations in social media, video gaming and other market segments. Photo: Shutterstock

China’s Quora-like Zhihu unveils AI-powered feature to engage more users

Zhihu has joined the ranks of Chinese technology companies that have enhanced their online services via the power of generative artificial intelligence.

30 Jun 2024 - 7:00PM

Alibaba taps China’s top AI start-ups to boost enterprise offerings

The tech giants is partnering with MiniMax, Moonshot AI, Orionstar, Baichuan, Zhipu AI and 01.AI to develop new functions on its popular office app.

27 Jun 2024 - 8:00PM

Tencent’s Roco Kingdom: World among 104 new video games approved in June

This month marked a rebound for China’s video gaming industry, after fewer than 100 titles each were approved in April and May.

26 Jun 2024 - 8:00AM

Tencent Holdings’ multiplayer online role-playing game Roco Kingdom: World is now poised for release in China. Photo: SCMP

Tencent-backed online lender WeBank to establish fintech subsidiary in Hong Kong

WeBank’s Hong Kong subsidiary will manage the digital lender’s overseas business, and offer services to countries and regions covered by the Belt and Road Initiative.

26 Jun 2024 - 7:00AM

WeBank’s expansion in Hong Kong reflects efforts between the city and southern tech hub Shenzhen to boost economic integration. Photo: SCMP

Tencent’s Dungeon & Fighter Mobile exceeds expectations in first month

Tencent’s new hit title Dungeon & Fighter Mobile has become a bigger cash cow than expected, delivering a strong first-month performance that bucked weakness in the domestic video gaming market.

25 Jun 2024 - 7:30PM

China’s public sector splurges on AI in 2024 as adoption accelerates

81 contracts involving the use of large language models for public projects found successful bidders in the first half of 2024, up from one a year earlier.

25 Jun 2024 - 9:15AM

Huawei’s HarmonyOS poised for faster expansion on back of WeChat and Douyin

Huawei’s latest initiatives show how it is trying to buttress HarmonyOS’ position as the second-biggest mobile operating system in mainland China, after overtaking Apple’s iOS in the first quarter.

20 Jun 2024 - 9:00PMvideocam

JPMorgan finds ‘upside’ in tech stocks as China bear turns bullish

‘Macro indicators which are showing early indication of a stabilisation’ have driven a rally, according to a JPMorgan analyst known for his bearish stance.

20 Jun 2024 - 11:29AM

Tencent Holdings’ headquarters building in Shenzhen, China. Bellwethers like Tencent have led a tech-stock rebound as Beijing pivoted from a wide regulatory crackdown to focus on bolstering the economy. Photo: Bloomberg

Tencent pulls DnF Mobile from app stores of Huawei, Oppo and Vivo

The move comes less than a month after hit video game Dungeon & Fighter Mobile was launched by Tencent Holdings on the mainland.

20 Jun 2024 - 7:00AMvideocam

Huawei wields growing influence in China’s server industry with AI chip success

Huawei Technologies, which was forced to divest its server subsidiary three years ago due to US tech sanctions, is regaining its influence in that sector on the back of its AI chips.

20 Jun 2024 - 3:01PM

Tencent’s WeChat breaks ranks to ban digital influencers in live streaming

Tencent plans to ban digital hosts powered by AI on its live-streaming commerce platforms, as Beijing tightens controls over AI-generated content.

17 Jun 2024 - 9:00PM

WeChat’s video platform has published a draft of new rules that prohibit the use of avatars for live streaming. Photo: Shutterstock Images

Chinese promotion matches Nvidia graphics cards with Black Myth: Wukong game

The offbeat promotion reflects growing competition in the mainland graphics card market, where consumers are substituting Nvidia’s products with alternative made-in-China hardware.

16 Jun 2024 - 9:00AM

Alibaba, Xiaohongshu boost sales in midyear shopping festival

Alibaba’s midyear shopping promotion has it going head-to-head with younger e-commerce competitors such as Xiaohongshu, China’s answer to Instagram.

15 Jun 2024 - 8:00AM

How three MIT scientists created Hong Kong’s new investor darling

QuantumPharm’s IPO has been portrayed as a prime example of the city’s major role in supporting China’s technology drive.

14 Jun 2024 - 8:00PM

QuantumPharm co-founder Ma Jian, left, and Wen Shuhao, at the company’s listing ceremony on Thursday. Photo: Jonathan Wong

China’s invisible friends: AI companions flourish as Big Tech piles in

Microsoft spin-off Xiaoice remains the market leader, but Baidu, Tencent and ByteDance are all looking to capitalise on the latest Chinese AI trend.

14 Jun 2024 - 7:00AM

Microsoft’s Xiaoice chatbot has been popular in China for years, eventually spinning off into a separate company in 2020. Its X Eva app has become China’s most popular virtual companion service. Photo: Microsoft

ByteDance said to cut 450 jobs in Indonesia after TikTok Shop-Tokopedia deal

The overhaul of ByteDance’s e-commerce operation in Southeast Asia’s largest economy comes after its US$1.5 billion deal that merged TikTok Shop with GoTo Group’s Tokopedia.

12 Jun 2024 - 5:56PMvideocam

Black Myth: Wukong game a big hit as initial pre-orders 16 times oversubscribed

The action role-playing video game, developed by Tencent-backed Game Science, is set for release on August 20.

12 Jun 2024 - 5:04AMvideocam

Apple’s Vision Pro headset sets China launch, facing fierce competition

Pre-orders for the mixed-reality headset start on Friday and shipments later this month, but the US$4,100 price tag is even steeper than in the US.

11 Jun 2024 - 2:37PMvideocam

A customer uses Apple’s Vision Pro headset at its Fifth Avenue store in New York on February 2, 2024. Photo: Reuters

Alipay’s latest trick: testing for hair loss in the payment app

The largest mobile wallet in China, operated by Ant Group, has a new mini app that uses AI to assess images of a head and estimate whether a user is balding.

9 Jun 2024 - 9:00PM

Hair issues afflict one in six people in China, and a new AI-powered feature on Alipay is promises to help people self-assess whether they are balding. Photo: Shutterstock

Tencent-backed QuantumPharm set to become Hong Kong’s second-biggest IPO of 2024

The retail tranche of QuantumPharm’s IPO has been oversubscribed 75 times, which will allow the AI drug firm to raise HK$1.13 billion (US$145 million).

7 Jun 2024 - 6:42PM

Huawei says its AI chip better than one of Nvidia’s most popular

The Ascend 910B AI chip has beaten Nvidia’s A100 in some tests, says a Huawei executive at the Nanjing World Semiconductor Conference.

7 Jun 2024 - 5:49PM

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Tencent

Headquartered in Shenzhen, Tencent is one of China's and the world's largest internet services companies, with interests in media, entertainment, web and mobile communications, advertising, e-commerce and internet banking.