wechat

Tencent to Maintain Cost-Cutting Measures Amid First Drop in Annual Revenue

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Tencent Holdings on Thursday said it would restrict its focus to its core business, while maintinaing cost-cutting and improving efficiencies, as it reported its first drop in annual revenue to date. The world’s largest video game company and operator of the WeChat messaging platform posted revenue of CNY 554.55 billion yuan (nearly Rs. 6,65,600 crore) … Read more

Tencent-Owned WeChat Adds In-App Support for China’s CBDC, Here’s Why

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WeChat has added in-app support for China’s e-CNY CBDC in order to get more nationals to use the digital currency. Owned by tech giant Tencent, WeChat is China’s equivalent to WhatsApp, offering an array of social networking mediums as well as a bank-to-bank payment option. As per statistics tracker Oberio, WeChat is estimated to have … Read more