BRIEF: Tencent invests in major new Ubisoft unit
French video game developer Ubisoft (UBSFY.US; UBI.PA) on Thursday announced its establishment of a major new gaming-focused subsidiary, with Tencent Holdings Ltd. (0700.HK)investing 1.16 billion euros ($1.25 billion) for a…
Apple’s AI gamble in China: Did it bet on the wrong horse?
Apple may have miscalculated by teaming with Alibaba in a limited AI partnership, rather than embracing open-source sensation DeepSeek By Vivian Toh When Apple (AAPL.US) recently unveiled its collaboration…
XD rides gaming boom, but can it keep players entertained?
The mobile game developer turned a profit last year, helped by the release of new titles, but a lack of games under development could dent future growth Key Takeaways: The…
NEWS WRAP: Surging Xtalpi seizes on tech rally to raise $267 million
The Tencent-backed AI drug developer announced a major new fundraising as it steps up its AI project development By Teri Yu AI drug discovery company XtalPi Holdings Ltd. (2228.HK) announced…
BRIEF: China Ruyi raises $500 million in share placement at slight discount
Entertainment company China Ruyi Holdings Ltd. (0136.HK) announced on Tuesday that it would raise HK$2.7 billion ($347 million) through the sale of 1.15 billion shares at a subscription price of…
Douyin in, WeChat out of latest U.S. ‘Notorious Markets’ piracy list
Chinese companies continued to dominate the annual U.S. list of online and offline marketplaces with high trading in counterfeit goods By Teri Yu Douyin Mall, the e-commerce arm of Chinese…
Weimob gets early Christmas ‘gift’ from WeChat
The provider of services to e-commerce merchants on WeChat is expected to benefit from the platform’s new ‘Send Gifts’ program Key Takeaways: Weimob’s share price doubled in four days last…
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