Tencent

The gaming boom in China continues unabated with a large pipeline of new titles.

Tencent increased its profits to USD 7.3 billion in the first quarter.

While Tencent has enjoyed a more harmonious relationship with Chinese regulators compared to Alibaba, the company’s outsized presence in gaming and social media has raised monopoly concerns.

Mobile monthly active users of Tencent’s online music services decreased to 615 million from 657 million a year ago.

The internet giant steps up its e-commerce game with a standalone group-buying app and new marketing feature.

If a gamer livestreams her gameplay, who owns the media rights?

Tencent doesn’t have a platform to directly rival Alibaba’s Taobao, but it remains relevant in the e-commerce space thanks to WeChat and investments in other e-commerce platforms.

Ant Group and MYbank will continue to support the research, development, and trials of the PBOC’s e-CNY.