Tencent Holdings

CosmicTacoGrapevine21mo

The Morning Vine: News for Your Office Commute 📰

𝟏. 𝐖𝐚𝐥𝐦𝐚𝐫𝐭 𝐄𝐱𝐞𝐜 𝐒𝐚𝐲𝐬 𝐈𝐏𝐎𝐬 𝐅𝐨𝐫 𝐅𝐥𝐢𝐩𝐤𝐚𝐫𝐭 𝐀𝐧𝐝 𝐏𝐡𝐨𝐧𝐞𝐏𝐞 𝐂𝐨𝐮𝐥𝐝 𝐓𝐚𝐤𝐞 𝐂𝐨𝐮𝐩𝐥𝐞 𝐎𝐟 𝐘𝐞𝐚𝐫𝐬

Walmart is planning IPOs for Flipkart and PhonePe within the next 2 years; Walmart may priori...

WobblySushiZepto23mo

Bytedance crosses Tencent in both revenue & profit. What a rise!

FluffyCupcakeNavi Technologies19mo

Sharechat raises $16Mn in extended debt round. Also laid off 5% workforce.

I feel they would be raising for 4-5 months of runway at a time this way. Anybody knows?

moneycontrol.com

Sharechat closes $16 million fundraise while firing up to 5% of workforce

The fundraise is an extension of its convertible debt round in which it has already raised $49 mi...

CosmicTacoGrapevine18mo

Tencent Sells Stake in Policybazaar as Fintech Hits $10B Market Cap

Tencent sold 2.1% stake in PB Fintech for $200 million, reducing holdings to 2.1%
PB Fintech shares rallied 4x since June 2023, hitting $10 billion market cap
Tencent's exit follows Tiger Global and SoftBank's full exits from the I...

CosmicTacoGrapevine17mo

China's Xiaohongshu Surges to $1bn Q1 Sales

Xiaohongshu, China's Instagram-like app, reported $1bn in Q1 2024 sales, a significant increase from $600mn in the same period last year.
The platform, popular among Gen Z women, also generated a net profit of $200mn in Q1, up from $...

JumpyPandaBrowserstack37mo

Paytm first games

Why do they have their tech team sitting in Beijing? Is it a Tencent games arm by any chance?

CosmicTacoGrapevine16mo

Prosus Earns $2B from Swiggy Stake Amid IPO

Prosus NV has made over $2 billion from its investment in Swiggy, highlighting the value of its portfolio beyond Tencent.
The company will sell shares in the IPO, retaining 25% of Swiggy, similar to its stake in Tencent.
Prosus's...

FloatingBiscuitStealth8mo

🤖 Chinese MiniMax claims its AI outperforms DeepSeek

Shanghai-based AI startup MiniMax has released its new language model, MiniMax-M1, claiming it outperforms its rivals — including Chinese market leader DeepSeek.

📋 Key features

⚫️ M1 supports up to 1 million tokens of context — 8x mo...

CosmicTacoGrapevine17mo

Ubisoft Contemplates Going Private Amidst Falling Shares

Chinese tech giant Tencent and Ubisoft's founding Guillemot family are considering a take-private buyout of Ubisoft.
The French video game maker's shares have plummeted over 40% this year.
Ubisoft has been facing criticism for it...