• BURN MEDIA
    • Motorburn
      Because cars are gadgets
    • Gearburn
      Incisive reviews for the gadget obsessed
    • Ventureburn
      Startup news for emerging markets
    • Jobsburn
      Digital industry jobs for the anti 9 to 5!

Tencent

  • Just how big is Tencent’s JD.com purchase really?

    Trying to figure out how big the Tencent 15% purchase of JD.com is isn't the easiest of tasks. While everyone knows the number, US$215-million, with the possibility of another five percent when JD.com lists on the NASDAQ, but that just scratches the surface. The listing date according to its filing is unknown, but expected later this year. Stop for a second here, what is JD.com? Well, the former name is 360buy.com, the business itself is just over a decade old, but more importantly it is the second largest ecommerce business in mainland China. After Alibaba, which retails their...

  • Tencent set to take on Alibaba with 15% stake in ecommerce group JD.com

    Tencent, the tech giant behind China’s QQ and WeChat messaging apps, is radically shaking up its ecommerce operations by forming a strategic partnership with JD (a.k.a. Jingdong), China’s second-largest online shopping firm. Rumors of a collaboration between the two firms had been circulating for months. What’s the deal about? To put it as straightforward as possible, Tencent will give JD the money and visibility necessary to run Tencent’s ecommerce operations successfully. Following the completion of the deal, JD will fully acquire the business, personnel, and logistics of Tencent’s estores QQ Wanggou and Paipai. It will also acquire a minority stake in Tencent’s...

  • 5 reasons WeChat is way more innovative than you might think

    We has been covering WeChat, China’s most popular mobile message app, before it even had an English name. Meanwhile, international tech media outlets have also been following the evolution of other messaging apps such as WhatsApp, Line, Facebook Messenger, and many, many others. Over the past year or so there’s been lots of talk about how these messengers are maturing into “platforms” – or, apps that users will use to buy things, and that business and organizations can use to reach an audience. However, as others have correctly pointed out, it’s not appropriate to lump China’s WeChat alongside these other...

  • Tencent throws a bone to international users with 10TB worth of free storage

    You might recall Chinese internet giant Tencent giving its domestic users 10TB worth of free storage back in August. It was a big deal at the time, not least because it dwarfed the 1TB of free cloud storage its competitors were offering. Now, it looks like Tencent, part owned by emerging markets internet and media giant Naspers, is extending the offer to its international users. According to US tech news site PandoDaily, an English-language version of the service will roll out early next year. As with the Chinese version of the service, in order to access your 10TB, you'll have to...

  • Tencent approaches Facebook valuation following search engine merger

    Yesterday evening, Tencent revealed it’ll take a 36.5% slice of search engine rival Sogou for US$448-million. The deal should boost both Sogou and Tencent’s own search engine, Soso. Tencent shares were already at their highest ever level on Monday, as if some investors had an inkling of what was going on. On Monday, before the Sogou deal was announced, Tencent hit a market cap of HK$783.53 billion, which is US$101.05 billion -- the...

  • Tencent, Activision Blizzard to take ‘Call of Duty Online’ into China

    This is interesting. One of China's biggest social networking powers Tencent has been granted the exclusive rights to distribute Call of Duty Online in the country. The multiplayer game, which involves missions familiar to anyone who's played the Call of Duty Modern Warfare series, has been in development for the past two years. Free to play, it makes its money through in-game purchases. The game's publisher Activision Blizzard today announced the...

  • The emerging market social-networking superpowers

    There is something going on in China, Russia and South Africa. Via various internet investments and creations, these three countries combined have built up major stakes in some of the world's biggest sites and social networks. Russian investment company, Digital Sky Technologies (DST), now owns about 7-10% of Facebook by various estimates, putting the company among Facebook's biggest owners. Via its sister company Mail.ru, another 2.4% of Facebook is held. Recently, according to the New York Times, DST ploughed a further $50-million into Facebook. DST also owns about five percent of the popular social gaming company Zynga and another five percent...

  • Facebook, TenCent in battle for Chinese social gaming market

    The great Firewall of China, a colloquial term for country's censorship policies, may have kept most of the nation's 420-million web users from accessing Facebook, but it has not stopped social game developers like Ellison Gao. Five Minutes, a Shanghai-based studio co-founded by Gao, 27, launched its first social game two years ago and has attracted millions of dollars from investors, including US venture capital firm Draper Fisher Jurvetson. "It is impossible for any Chinese developer to ignore the Facebook market, just as it is for all the other social game firms across the globe," said Gao. In contrast to independent studios...

  • Tencent gearing up for Facebook challenge?

    It looks like Chinese internet giant Tencent is gearing up to take on Facebook. A report indicates plans by the company to offer users links to third-party websites and access to externally-developed applications, mirroring some features of world's largest social network, Facebook. Tencent was testing about 10 third-party applications to run on QZone, its social network, and Tenpay, its online payment platform, company president Martin Lau told the Financial Times in an interview. The firm, which runs the world's largest instant messaging service QQ, was also testing several external websites that users could link to in the same way Facebook members can...

  • Tencent, Qihoo need to ‘strengthen professional ethics’: Chinese govt

    Two of China's leading internet companies, Tencent and Qihoo, have been forced by the Chinese authorities to issue public apologies over a nasty spat marked by accusations of unfair market practices and privacy infringement. Tencent, China's premier online game operator and its largest instant messaging provider, and security software developer Qihoo 360 issued the apologies late on Sunday after being ordered to do so by the Ministry of Industry and Information Technology. The Ministry said both companies need to "strengthen professional ethics" to prevent such a spat from happening again. Tencent, parent company of the popular instant messaging service QQ, is partly...

  • Tencent acquires major Chinese social network from Google

    China’s largest online company, Tencent, has bought Beijing-based social networking provider Comsenz from search giant Google and VC firm,Sequoia Capital for $60-million. Comsenz is the developer of Discuz, China’s most-used bulletin board system (BBS), with a reported 80% of Chinese sites running the BBS, and 70%of other BBS systems built on Discuz. The deal will further entrench Naspers, the South African media giant, in the Chinese market. Naspers has a 35% stake in Tencent, which is China's premier online game operator and its largest instant messaging provider. Naspers also controls a 28.7% stake in Digital Sky Technologies (DST), the Russian...