Tag: Tencent
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Tencent Music revenue jumps 18%, beats estimates
China’s Tencent Music Entertainment Group (TME) said on Tuesday its quarterly revenue leaped 18%, beating Wall Street estimates as it puts more music for streaming behind its paywall and grew its paid subscriber base by more than half. The strong performance comes amid a growing rift between Beijing and Washington that has overshadowed Chinese firms…
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WeChat officially crosses one billion monthly active users
Chief Executive Offer (CEO) Pony Ma of Tencent, parent company of WeChat on Monday has said accounts on the all-in-one WeChat app have crossed the one billion mark. Pony Ma revealed the figure on the sidelines of China’s parliamentary session underway in Beijing enthusing “WeChat’s worldwide monthly active users have surpassed the critical one billion…
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Russian authorities unblock access to China’s top messaging app, WeChat
Access to WeChat was restored by Russian authorities on Thursday, nearly a week after the app was taken offline for running afoul of the country’s information laws. Russian authorities had last week blocked access to China’s top messaging app, WeChat in the country for fouling the rule that requires companies that publish information online to…