Tagged: tencent

November 11, 2024 @ 1:09 am By Omar Faridi  |  

Tencent announced a partnership with Visa (NYSE: V) to introduce its palm recognition technology for digital payments in international markets. The service will first be rolled out in Singapore, where Visa cardholders from participating banks, including DBS, OCBC, and UOB, will be “part of the… Read More

August 12, 2024 @ 2:14 pm By Omar Faridi  |  

Chinese tech giant Tencent has reportedly decided to cash in its stake in UK neobank Tide as part of an overall retreat from its global investments strategy. Tencent has reportedly offloaded its shares to an unidentified buyer or group of buyers. Tencent, known for its… Read More

November 8, 2023 @ 5:22 pm By Omar Faridi  |  

Primer, the unified infrastructure for global payments and commerce, has secured investment from the internet company Tencent. Primer claims that it has experienced rapid growth “across Europe, Asia Pacific and the US markets including significant customer wins across retail, fashion, travel and mobility industries with… Read More

July 28, 2023 @ 7:26 pm By Omar Faridi  |  

Jeeves, a financial operating system built for global companies, backed by investors including Andreessen Horowitz (a16z), CRV, and Tencent, has expanded its product offering to include prepaid cards and cross-border payments. Jeeves launched publicly 22 months ago “with corporate credit cards as its initial product… Read More

June 4, 2023 @ 6:53 pm By Omar Faridi  |  

The team at Tencent is pleased to announce that Tencent Cloud, which is described as one of the world’s leading cloud companies, has entered into a partnership with Chainlink Labs, a developer of the Chainlink Network. This partnership will “help support the development of the… Read More

February 26, 2023 @ 9:20 pm By Omar Faridi  |  

Ava Labs announced it has entered into a partnership with Tencent Cloud to support projects and developers across the Avalanche ecosystem. In addition to providing developers with rapid node deployment, both parties will also “explore Avalanche Subnets for enterprises to help accelerate adoption of Web3… Read More

November 27, 2022 @ 3:58 pm By Omar Faridi  |  

Thunes, a global cross-border payments network, announced that it has partnered with Tencent Financial Technology, Tencent’s fintech arm, “becoming the first payment infrastructure partner connecting with it.” This collaboration will “allow members of Thunes‘ global network to send international payments to Weixin users, giving them… Read More

July 9, 2022 @ 1:37 pm By Omar Faridi  |  

As part of a self-discipline initiative, China’s leading technology companies have reportedly decided to enforce “real-name” authentication for NFT (or non-fungible token) buyers and also want to help users avoid secondary marketplaces The agreement (not legally binding at the moment) serves as confirmation from the… Read More

June 16, 2022 @ 7:50 pm By Omar Faridi  |  

Flip, Indonesia’s consumer payments platform, announced a second close of a Series B funding round “led by Tencent, with participation from Block, Inc. (formerly Square, Inc.) and existing investor Insight Partners.” A number of experienced operators “participated meaningfully in this extension round, including Guillaume Pousaz,… Read More

March 6, 2022 @ 1:20 pm By Xu Gao  |  

The Supreme Court Adds Use of Cryptocurrency Trading, P2P Lending as illegal fundraising On February 24th, the Supreme People’s Court issued “Decision Concerning Several Legal Issues in Relation to the Specific Application of the Supreme People’s Court Criminal Cases on Illegal Fund-raising,” which revised and… Read More

January 30, 2022 @ 9:18 pm By Omar Faridi  |  

Wise clients across the globe will now have the option to conduct quick, seamless and cost-effective global fund transfers to Weixin users residing in China from 11 different currencies, including SGD, USD and GBP. Wise (LON:WISE), the international tech firm focused on creating the best… Read More

January 23, 2022 @ 1:07 pm By Omar Faridi  |  

The Metaverse, a relatively new concept and a term used to describe a shared, immersive digital ecosystem supported by the use of VR and augmented reality (AR) technologies, has quickly become one of the fastest-growing trends in the digital economy. It’s notably a nascent industry… Read More

January 16, 2022 @ 2:59 pm By Xu Gao  |  

Tencent Releases Metaverse-Rate Scoring System On January 12th, Tencent News and the School of Journalism, Fudan University jointly released the “2021-2022 Metaverse Annual Report”. For the first time, the report proposed the concept of “Metaverse-Rate” which will become the scoring standard for the development of… Read More

December 27, 2021 @ 9:13 am By Xu Gao  |  

State Administration for Market Regulation Establishes Competition Policy & Big Data Center On December 16th, the State Administration for Market Regulation held the founding meeting of its competition policy & big data center. As approved, the main responsibilities of the center are policy research on… Read More

December 26, 2021 @ 9:58 am By Omar Faridi  |  

Tencent Holdings Ltd., a major Chinese multinational technology conglomerate holding company founded in 1998, says it’s getting ready for a carbon-neutral future. Tencent, whose subsidiaries globally market Internet-related services and products, including in entertainment, Fintech, artificial intelligence, and other technology, confirmed that earlier this month,… Read More

November 29, 2021 @ 3:15 pm By Xu Gao  |  

Beijing Looks to Set Up Digital Asset Exchange in the Sub-Center Area On November 26th, the State Council released a circular on supporting Beijing’s sub-center in pursuing high-quality development. To achieve the goals of a green city, sponge city, and smart city, related authorities will… Read More

November 28, 2021 @ 12:06 pm By Omar Faridi  |  

China’s reserve bank confirmed on Friday (November 26, 2021) that it had accepted the application to launch a personal credit-scoring joint venture that is reportedly being backed by Alibaba‘s (NYSE: BABA) Fintech division Ant Group and various other companies. Qiantang Credit Rating Co Ltd will… Read More

November 8, 2021 @ 10:07 pm By Omar Faridi  |  

Tencent revealed at the Singapore Fintech Festival 2021 that it will be teaming up with the Asian Institute of Digital Finance (AIDF), which is an institute within the National University of Singapore (NUS) that has been established by the Monetary Authority of Singapore (MAS), the… Read More

August 22, 2021 @ 1:45 pm By Xu Gao  |  

Tencent: No Plan to Provide Palm Payment Service  This week, Tencent was reported to provide a new palm payment service, which would be the first of such functions in China and would be linked to the user’s WeChat account. However, Tencent has denied this news… Read More

August 16, 2021 @ 10:37 am By Omar Faridi  |  

Fintech firm Ualá has secured $350 million in capital at a $2.45 billion valuation. The company’s latest funding round is reportedly the largest private investment round ever for an Argentina-based business. Ualá’s Series D investment round has been co-led by Chinese tech giant Tencent and… Read More