Recent events
Recent events tied to this brand in public sources.
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2022
Court rules in Tencent trademark and unfair competition case
A court found that the defendant game-store operator infringed Tencent’s trademark and engaged in unfair competition, and ordered it to stop selling the counterfeit game consoles and pay compensation and reasonable rights-protection expenses. The supplied text does not state the ruling date.
2022
Tencent reportedly plans to acquire Black Shark
A report said Tencent planned to acquire gaming-phone company Black Shark; the article described the proposed deal as reported rather than confirmed.
2022
China’s market regulator penalizes companies over unreported business concentrations
China’s State Administration for Market Regulation announced administrative penalties against Tencent, Harmony Auto, Alibaba Venture Capital, Bilibili and other companies in cases involving business concentrations implemented without required filings.
2022
China's market regulator fines Bilibili, Tencent and Alibaba
China's State Administration for Market Regulation imposed a 500,000-yuan fine each on Bilibili, Tencent Holdings and Alibaba Group for violating the Anti-Monopoly Law. The regulator said the companies had failed to declare concentrations of business operators as required by law.
2022
Tencent Fined for Implementing an Unreported Concentration
China’s State Administration for Market Regulation fined Tencent RMB 500,000 for implementing its acquisition of a 15% stake and joint control of Yonghui Yunchuang without filing in advance. The authority said the transaction had no effect of eliminating or restricting competition.
2022
ORVIBO completes a new funding round
ORVIBO announced that it had completed a new funding round with a total investment of 1 billion yuan. The article says the investors included an internet company, Huaxing New Economy Fund, Sophia, Markor Furnishings, and Pingxiang state-owned capital; it identifies the internet company as Tencent based on publicly available shareholder information.
2021
China fines Tencent over unreported acquisition of Niannian Fenxiang
China's market regulator fined Tencent 500,000 yuan for implementing its acquisition of a 15% stake and joint control of Niannian Fenxiang without prior filing. The regulator concluded that the concentration had no effect of eliminating or restricting competition.
2021
Remedy and Tencent announce Vanguard partnership
Remedy announced a long-term partnership with Tencent on Vanguard, a cooperative multiplayer title. Tencent is to support Remedy internationally and lead operations in Asia and mobile markets.
2021
Tencent acquires Turtle Rock Studios' parent company
Tencent acquired Slamfire Inc., the parent company of Turtle Rock Studios. The article says the acquisition's financial details were not released publicly.
2021
Tencent acquires Turtle Rock Studios
Tencent acquired Turtle Rock Studios. The studio said it would retain independent operations.
2021
Tencent and the China Soong Ching Ling Foundation launched season two of Master Lectures for Children
Tencent and the China Soong Ching Ling Foundation launched the second season of Master Lectures for Children, with content first recommended in the youth modes of ten products, including WeChat, QQ and Tencent Video.
2021
TymeBank International secures $180 million investment
TymeBank International said it secured investments from Tencent and CDC Group to complete its Series B capital raise. The article reports that the funding is intended to support digital infrastructure and expansion into additional markets.
2021
Tencent appoints Yin Yu to lead smart education
Tencent announced that company vice president Yin Yu would transfer to CSIG to lead the smart education industry, responsible for Tencent’s overall strategy and planning in smart education.
2021
Tencent announces two vice-presidents’ role changes
Tencent announced that vice-president Yin Yu would move to lead the CSIG smart education industry role, while vice-president Qie Xiaohu would take over as head of PCG’s information platform and services line.
2021
China fines technology companies over undeclared acquisitions
China's State Administration for Market Regulation fined Alibaba, Tencent, Baidu, JD.com and Suning for failing to report 43 corporate acquisitions over the past eight years. Each violation carries a penalty of 500,000 yuan.
2021
GoTo completes $1.3 billion pre-IPO funding round
GoTo Group said it completed a $1.3 billion pre-IPO funding round. The company said the new funds would be used to expand its customer base and broaden its payments and financial services products.
2021
Xiaohongshu completes a $500 million funding round
According to multiple independent sources cited by 36Kr, Xiaohongshu recently completed a $500 million funding round led by Temasek and Tencent, with existing investors also participating; the post-money valuation was reported at $20 billion. Xiaohongshu said the round was mainly composed of additional investment from existing shareholders.
2021
Tencent launches three self-designed chips
Tencent unveiled three self-designed chips: the Zixiao artificial intelligence chip, Canghai video transcoding device, and Xuanling network interface controller.
2021
Court orders 8868 rental platform to stop services and pay Tencent
A Chinese court ordered the operators of the 8868 rental platform to stop providing platform services for renting accounts in Tencent-operated games and to pay Tencent 300,000 yuan. The court found that the platform’s conduct constituted unfair competition.
2021
Court finds infringement of QQ trademarks
A court found that the defendants’ prominent use of “QQ乐” on the websites infringed Tencent’s registered trademark rights, and that using “qq” with other terms in domain names constituted unfair competition.