Chinese regulators have summoned companies – including Tencent – to demand they play down profits and further clamp down on how minors can play video games, just days after children in the country were banned from access during the week.
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The judge presiding over the Epic Games v. Google case ordered case filings released in unredacted form this week. Filings from Epic Games reveal that executives at Google considered teaming up with Tencent, which owns a minority stake of Epic Games, to take control of the Cary-headquartered company.
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Tencent alone has lost more than $400 billion in market value after regulators bombarded the sector with penalties, new rules and orders to overhaul parts of their business.
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China media giant Tencent – a minorty investor in Cary’s Epic Games – has announced new limits on the amount of time minors can spend playing the company’s online games, even as investors worry that China may extend its historic crackdown on the private sector to the gaming industry.
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WeChat is suspending all new user registrations until early August and Chinese tech stocks are continuing their big sell-off as investors continue to digest Beijing’s widening crackdown on private enterprise. Here’s the latest.
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A judge has approved a request from a group of U.S. WeChat users to delay looming federal government restrictions that could effectively make the popular app nearly impossible to use.
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The Commerce Department will roll out a ban of transactions in the U.S. using TikTok and WeChat starting Sunday. Here are the details.
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Epic Games reportedly is getting caught up in the growing fued between the United States and China with the Trump administration seeking information about data protocols between Epic and China-based tech giant Tencent.
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Social media service Reddit says it has raised $300 million in a financing round led by Chinese internet giant Tencent.
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