Tencent chairman Pony Ma sets confident tone for internet giant in 2024 amid WeChat’s improved business prospects, sources say

Tencent chairman Pony Ma sets confident tone for internet giant in 2024 amid WeChat’s improved business prospects, sources say

The 52-year-old Ma, who kept a low profile during China’s 32-month crackdown on Big Tech firms, delivered that positive message in a speech before Tencent’s annual staff meeting on Monday at a stadium in Shenzhen, the company’s home city in southern Guangdong province. Founded in November 1998, Tencent must find new lifelines in its video …

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China’s internet giants must step up opening their ‘walled gardens’, state media says, ahead of Tencent flagship game’s return to Douyin

China’s internet giants must step up opening their ‘walled gardens’, state media says, ahead of Tencent flagship game’s return to Douyin

“In the future, internet companies need to be more open-minded and inclusive to promote truly win-win cooperation in the industry,” the Securities Times article said. Increased collaboration between China’s major internet companies are expected to not only benefit consumers, but help further expand the industry, according to state media. Photo: Shutterstock While China’s gross domestic …

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Internet titans bury the hatchet as Tencent allows Douyin to air Honour of Kings videos amid ByteDance retreat

Internet titans bury the hatchet as Tencent allows Douyin to air Honour of Kings videos amid ByteDance retreat

Honour of Kings, the blockbuster video game from market leader Tencent Holdings, will return to ByteDance’s short video app Douyin as the two internet giants bury the hatchet following the TikTok owner’s decision to exit the sector. The Shenzhen-based social media and gaming giant and Beijing-based ByteDance have fought years of bidding wars over Chinese …

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TikTok owner ByteDance says use of OpenAI technology in compliance with service terms

TikTok owner ByteDance says use of OpenAI technology in compliance with service terms

TikTok parent ByteDance said that its use of OpenAI’s technology to aid the development of its own artificial intelligence (AI) models was in compliance with the US firm’s service terms, refuting a claim that it made use of the technology to build a rival service. ByteDance made the clarification on Sunday after a report by …

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TikTok ban in Montana blocked by US judge over free speech rights

TikTok ban in Montana blocked by US judge over free speech rights

Montana’s unprecedented state-wide ban of Chinese short-video app, TikTok, was supposed to take effect on January 1, 2024, but as reported by Reuters, US District Judge Donald Molloy issued a preliminary injunction just one month ahead to block said ban. This means that for now, ByteDance and app stores are allowed to continue serving TikTok …

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TikTok, Facebook parent Meta appeal against EU ‘gatekeeper’ status

TikTok, Facebook parent Meta appeal against EU ‘gatekeeper’ status

TikTok is joining Facebook parent company Meta in challenging the “gatekeeper” status under the European Union’s (EU) Digital Markets Act (DMA). The development comes a few days after Microsoft, Google and Amazon decided not to challenge their designations, while Apple is yet to respond on the issue.The DMA will essentially force tech giants to make …

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How Facebook parent Meta may return to China after 14 years

How Facebook parent Meta may return to China after 14 years

Despite bleeding billions over a couple of years, Facebook parent company Meta has been injecting cash in its metaverse project, which includes manufacturing and selling VR headsets. The company may now have a chance to boost the sales of the niche gear by selling it in China. According to a report by the Wall Street …

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