Phate Zhang

WeChat had 1.24 billion combined monthly active accounts in the first quarter, up 3.3 percent year-over-year and up 1.4 percent from the previous quarter, according to Tencent's earnings report for the first quarter.

Luckin Coffee's stock is still tradable on the OTC market despite its delisting, up nearly 70 percent so far this year.

Chinese e-commerce giant JD.com's Jiangsu Jingdong Cargo Airlines has passed the initial review by the Civil Aviation Administration of China (CAAC) East China Regional Authority, according to a CAAC announcement Tuesday.

Tencent has imposed further restrictions on minors' game spending, with its most popular game Honor of Kings releasing new rules on Wednesday that show users under the age of 12 are banned from topping up in the game.

Tencent's Platform and Content Group (PCG) is internally testing a Discord-like social app for gamers called NokNok, or "KK" as it is known internally.

Huawei plans to recruit 1,000 start-ups and build 100 scale-ups, the company said.

Tencent on Tuesday announced new measures to reduce the impact of games on minors, amid a renewed focus on the topic.

Xiaomi became the smartphone brand with the largest market share in Europe for the first time in the second quarter, overtaking Samsung and Apple, according to Strategy Analytics.

The report triggered a plunge in the share prices of Hong Kong-listed companies with gaming businesses. Tencent Holdings and NetEase fell more than 10 percent, and CMGE fell more than 21 percent.

Alibaba's logistics platform CaiNiao announced on Monday that it has launched a cross-border direct delivery service from China to Thailand, Vietnam and Cambodia with logistics company Best Inc.