Tencent Archives - British Herald
April 21, 2021
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Tencent games brought back on Huawei app store

HONG KONG/BEIJING (CHINA) – Tencent’s online games were removed and then reinstated on Huawei’s app store on Friday in a dispute over revenue sharing by the Chinese companies. Huawei was insisting on a 50% cut of Tencent’s game sales on the app store and the Tencent games were removed because the companies had been unable […]
Business

China imposes fine on Alibaba, Tencent as they fail to report past deals to anti-trust regulators

SHANGHAI (CHINA) – China’s market regulator said on Monday it will fine Alibaba Group, Tencent Holdings-backed China Literature and Shenzhen Hive Box 500,000 yuan ($76,464.29) each as they fail to report deals properly for anti-trust reviews. The State Administration of Market Regulation said in a statement that it had come to a decision after reviewing […]