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  Huateng Ma becomes the richest person in China

On 22 July, Licai Zhoubao, a famous wealth management media in China, released a ranking about Chinese most richest people. In this ranking, Tencent CEO, Huateng Ma for the first time becomes the richest person in China with 46.7 billion RMB(around  $7.6 billion), his wealth was 35.4 billion RMB(around $5.76 billion) last year. That means his wealth increases 11.3 billion RMB($1.84 billion) in one year. In 2012, Tencent Corp had a revenue of 43.9 billion RMB(around $7.15 billion), which inc...

   Tencent,WeChat,Huateng Ma     2013-07-22 08:55:13

  Alibaba starts IPO procedure

According to Hong Kong East Daily, Alibaba has submitted its IPO application to Hong Kong Stock Exchange. This marks the beginning of Alibaba's IPO procedure. It's expected to be listed in October at the earliest. It's valued as between $80 billion and $100 billion. It may raise $20 billion this round. If Alibaba is listed successfully, this will be the highest fund raising company in HSE's history. There is news that Alibaba will spend $7 billion to buy back the shares owned by Yahoo. Yahoo re...

   Yun Ma,Alibaba,IPO,HSE     2013-07-23 08:17:47

  WeChat owns 70 million users now out of China

According to 36 Kr, on this year's Tencent Partner Conference, Tencent president Zhiping Liu announced that WeChat had more than 70 million users out of China, it entered Malaysia, Thailand, India, Indonesia, the Middle East, Mexico and other countries. And it has become the No.1 IM app in Mexico .While in early April, WeChat had only 40 million users abroad. In just three months, 30 million news users started to use WeChat.Tencent spares no effort to promote WeChat to the international market. ...

   WeChat,Internationalization,China,Tencent     2013-07-03 03:09:34

  Tencent CEO : Mobile social gaming will be the profit breakthrough point of WeChat

Tencent CEO Ma Huateng said mobile social gaming would be one of the biggest light spot and also the profit profit breakthrough point of WeChat.Mr. Ma thinks that the principle of public accounts of WeChat is very simple, In the early period of QQ, users could also send messages and feedback, the reason why WeChat is so charming is because the phone has audio and video capabilities, this is very different from the text on the PC. Public account service providers can send voice passages to users ...

   Tencent,WeChat,GMIC     2013-05-07 07:27:23

  Tencent released Q1 earning report of 2013

Tencent has released the earnings report of Q1 in 2013, the total revenue is $2.1611 billion which increases  11.5% compared to last quarter and increases 40.4% compared to the same time last year. The  profit is 649.4 million US dollars which increases 17.3% compared to last quarter and increases 37.4% compared last year.The three main profit generators are:1. Value-added services revenue of 1.7014 billion US dollars with an increase of 13.6% compared to last quarter and an increase o...

   Tencent,Earnings report,WeChat     2013-05-15 07:02:45

  Google is missing in the photo with Chinese president Xi Jinping

Chinese president Xi Jinping has started his formal visit to US on 22nd September. The first stop is Seattle where Microsoft and Amazon headquarters are located. On 23rd September (Wednesday), Xi Jinping attended a forum named "The 8th US-China Internet Industry Forum" in Seattle.  On this forum, president Xi expressed the attitude of Chinese government to Internet. He advocated to build an peaceful, secure, open and collaborative Internet environment so that every country can benefit from ...

   NEWS,GOOGLE,CHINA,XI JINPING     2015-09-24 03:54:18