China Deletes 10,000 Social Media Accounts in Latest Crackdown

China’s Internet watchdog has scrubbed the country’s already highly-censored web of nearly 10,000 social media accounts in the past three weeks. It is the ruling Communist Party’s latest move to clamp down on freedom of expression. The cleanup began Oc…

China’s Internet watchdog has scrubbed the country’s already highly-censored web of nearly 10,000 social media accounts in the past three weeks. It is the ruling Communist Party’s latest move to clamp down on freedom of expression. The cleanup began Oct. 20, the Cyberspace Administration of China said in a statement posted late Monday to its official […]

Yahoo Messenger Shuts Down, Directs Users To Group Messaging App ‘Squirrel’

The venerable Yahoo Messenger is shutting down on July 17, as corporate parent Oath figures out how to offer a product that can compete with WhatsApp, Snapchat, WeChat and a host of other messaging apps.
Oath announced Yahoo Messenger’s demise to…

The venerable Yahoo Messenger is shutting down on July 17, as corporate parent Oath figures out how to offer a product that can compete with WhatsApp, Snapchat, WeChat and a host of other messaging apps. Oath announced Yahoo Messenger’s demise today. “We know we have many loyal fans who have used Yahoo Messenger since its beginning as one of the first chat apps of its kind,” the company said. “As the communications landscape continues to change over, we’re focusing on…

Games and Advertising Lift Tencent to Record First Quarter Profit

Strong revenue from games and advertising lifted revenue and profit margins at Chinese social media giant Tencent. Net profits increased 65% year-on-year to reach $3.82 billion on revenues of $11.7 billion in the three months to end of March. Value add…

Strong revenue from games and advertising lifted revenue and profit margins at Chinese social media giant Tencent. Net profits increased 65% year-on-year to reach $3.82 billion on revenues of $11.7 billion in the three months to end of March. Value added services businesses expanded their revenues by 34%, games by 26% and advertising by 55%, […]

Profits Hit $11 Billion at China’s Tencent as Video Surges

Net profits at Tencent, China’s social media, music and video giant, hit $10.9 billion in 2017, a gain of 74%. Revenues increased by 56% to $36.4 billion as the company claimed to have become the Chinese market leader in streaming video. “Tencent Video achieved rapid growth in traffic and paying users driven by the popularity […]

Net profits at Tencent, China’s social media, music and video giant, hit $10.9 billion in 2017, a gain of 74%. Revenues increased by 56% to $36.4 billion as the company claimed to have become the Chinese market leader in streaming video. “Tencent Video achieved rapid growth in traffic and paying users driven by the popularity […]

Tencent Half Year Profits Surge to $4.8 Billion

China’s social media and games giant Tencent announced a 64% surge in profits for the six months to end of June. Net profits hit $4.84 billion, on revenues up 57% at $15.7 billion. The group said that its value added services grew their revenues by 43% to RMB36.8 billion ($5.49 billion). That definition covers music… Read more »

China’s social media and games giant Tencent announced a 64% surge in profits for the six months to end of June. Net profits hit $4.84 billion, on revenues up 57% at $15.7 billion. The group said that its value added services grew their revenues by 43% to RMB36.8 billion ($5.49 billion). That definition covers music... Read more »

Tencent Profits Increase by 41% in Q3

China’s social media giant Tencent powered ahead with profits growth of more than 40% in the nine months to September. The acquisition of games maker Supercell barely made a dent. Revenues grew by 52% in the third quarter and non-GAAP net profit grew 42% to $1.71 billion (RMB11.7 billion). For the first nine months of… Read more »

China’s social media giant Tencent powered ahead with profits growth of more than 40% in the nine months to September. The acquisition of games maker Supercell barely made a dent. Revenues grew by 52% in the third quarter and non-GAAP net profit grew 42% to $1.71 billion (RMB11.7 billion). For the first nine months of... Read more »