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Tencent first quarter revenue beats estimates as video, social ad sales drive gains

May 13, 2015 admin beijing, biggest-social, facebook, global, internet, internet-conference, social-networks, stock-exchange, wanda-group

By Paul Carsten BEIJING (Reuters) – Tencent Holdings Ltd, China's biggest social network and online entertainment firm, posted higher-than-expected first quarter revenue as a drive to sell more advertising on its social networks and entertainment services began to pay off. Tencent's social networks are as ubiquitous in China as Facebook Inc is in many parts of the world, and the company has said it wants to emulate the success of its U.S

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Facebook to let nine news companies publish news to mobile feeds

May 13, 2015 publisher articles, bbc, beijing, facebook, global, internet, internet-conference, news-publishers, phone, smartphone-user, social-networks, stock-exchange, the-articles, wanda-group

(Reuters) – Facebook Inc tied up with nine news publishers to launch “Instant Articles” that will let them publish articles directly to the social network's mobile news feeds. Instant Articles will let stories load more than 10 times faster than standard mobile web articles and will include content from publishers such as the New York Times, BuzzFeed and National Geographic, Facebook said in a blog post on its website

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China to punish Internet firm Sina over series of complaints

April 10, 2015 publisher beijing, broad-campaign, country, cyberspace, during-the-2015, excellence, frequent, most-complained, ongoing-online, president, regulator, regulator-said, since-president, toner-prize, user-complaints

China will punish web portal and social media firm Sina Corp after it was identified as operating the most complained about major website in the country, the Internet regulator said on Friday, the latest blow in an ongoing online crackdown. Representatives from Sina, which also operates China's most popular microblog Weibo Corp, discussed “the issues of breaking the law and the recent large quantity of Internet user complaints” with officials from the Cyberspace Administration of China (CAC) and its Beijing branch, the regulator said in a statement on its website. Since President Xi Jinping came to power in early 2013, he has overseen a broad campaign to bring China's Internet under the government's control

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KKR, Baidu, Coatue to invest $170 million in China online used-car platform

March 18, 2015 publisher 170-million, beijing, cars-on-display, companies, equity-firm, funds, jointly-invest, newly-launched

HONG KONG (Reuters) – Private equity firm KKR & Co LP, search engine Baidu Inc and hedge fund Coatue said on Wednesday they will jointly invest $170 million in Chinese online used-car auction firm Uxin, aiming for a piece of the booming used-car market. Uxin will use the funds to expand a newly launched platform where auto retailers sell used cars to individuals, the companies said in a joint statement.

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China’s new tech rules play to local firms’ strengths

January 30, 2015 admin beijing, better-inform, china, companies-say, joseph-menn, michael-martina, office, other-services, photo, regulation, san, security-tests, sharp-response, software-using

By Gerry Shih, Michael Martina and Joseph Menn BEIJING/SAN FRANCISCO (Reuters) – Draft Chinese government regulation would force technology vendors to meet stringent security tests before they can sell to China’s banks, an acceleration of efforts to curb the country’s reliance on foreign technology that has drawn a sharp response from U.S.

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China’s Tencent, Warner Music partner for music streaming

November 13, 2014 admin beijing, companies-said, deal, evolution, global, global-mobile, internet, internet-conference, its-global, music-companies, richest-man, speaks-during, stream-licensed, tencent-holding, thursday

BEIJING (Reuters) – Chinese fans of Linkin Park and Jason Mraz will be able to stream licensed music from Tencent Holding Ltd after the internet firm said on Thursday it had signed a distribution deal with Warner Music Group (WMG). In a statement, the two companies said the deal would help music companies and artists by giving consumers better access to licensed music. The terms of the deal were not disclosed