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“# China releases final anti-monopoly rules targeting major tech and payments firms ” China has finalized new guidelines to aid in antitrust battle against tech giants. On Feb. 7, the State Administration for Market Regulation released finalized rules for its anti-monopoly push against e-commerce and payments giants like Alibaba, Ant Group and Tencent. The guidance specifically…
“# Tencent acquires minority stake in Dontnod Entertainment ” Dontnod to use funds to bolster self-publishing efforts. Tencent has acquired a minority stake in Life is Strange and Vampyr developer Dontnod Entertainment for €30 million, the developer announced. As part of this investment, Tencent has an option to propose the appointment of a representative on…
“# Tencent to acquire majority stake in Klei Entertainment ” Klei Entertainment to retain “full autonomy of creative and operations across all aspects,” says founder. Tencent has entered into an agreement to acquire a majority stake in Don’t Starve and Mark of the Ninja developer Klei Entertainment, the companies announced. According to Klei Entertainment founder…
“# Tencent joins forces with ShareRing to launch blockchain digital ID platform ” Chinese conglomerate Tencent Holdings is joining forces with blockchain company ShareRing to launch a new digital identification system to streamline international travel amid the pandemic. As the South China Morning Post reported Tuesday, ShareRing will combine its distributed ledger technology with Tencent’s…