Tencent Simplifies Linking International Cards to Weixin Pay

Tencent Simplifies Linking International Cards to Weixin Pay

Tencent has made it easier for visitors to mainland China to register for a WeChat account and to link international cards to Weixin Pay.  In addition, Weixin Pay is exploring interoperability with more overseas eWallets, Tencent said in a Friday (April 12) press release.  Overseas users can register for a WeChat account with an overseas mobile number, fill …

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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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‘Hard to believe’: Hong Kong ‘lagging behind’ in e-payments as Octopus card and cash keep grip on shoppers, merchants

‘Hard to believe’: Hong Kong ‘lagging behind’ in e-payments as Octopus card and cash keep grip on shoppers, merchants

She spent HK$7,000 (US$895) over five days on meals, clothes and cosmetics. Although she had no difficulty with e-payments at most shopping centres and big restaurant chains, she could not shake off the anxiety that she did not carry enough cash with her. Hong Kong taxis with Octopus readers to accept payment through 2 QR …

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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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China’s online censors target short videos, artificial intelligence and ‘pessimism’ in latest crackdown

China’s online censors target short videos, artificial intelligence and ‘pessimism’ in latest crackdown

The country’s top censorship body has been running an annual online crackdown known as Qing Lang, which means clear and bright, since 2020. It said this year’s crackdown would benefit people’s mental health and create a healthy space for competition that would help the short video industry develop. The country’s best known short video platform …

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Tencent to Continue Cost-Cutting Measures Despite First Decline in Annual Revenue

Tencent to Continue Cost-Cutting Measures Despite First Decline in Annual Revenue

Tencent Holdings announced on Thursday its plans to concentrate on its core business while implementing cost-cutting measures and enhancing efficiencies. This decision comes as the company reported its first-ever decline in annual revenue. In 2022, Tencent, the world’s largest video game company and operator of the WeChat messaging platform, recorded revenue of CNY 554.55 billion …

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