Tencent

Chinese social media and gaming giant Tencent is considering bidding for a minority stake in French mobile game developer Voodoo, Bloomberg reported on Tuesday citing people with knowledge of the matter.

Between June 10 and July 8, Tencent Holdings increased its stake in Chinese electric car maker Nio from 15.1 percent to 16.3 percent.

Chinese social media and gaming giant Tencent Holdings announced on 10 July that it would issue 26.64 million new shares under its share award scheme to give more than 29,700 people incentive shares.

Tencent today launched its first AI-powered drug discovery platform, "iDrug", which will help developers to improve preclinical drug discovery.

Pony Ma, Chairman of the Board of Directors of Tencent, reduced his stake in the company by 500,000 shares on June 30 and July 3. Based on the current Tencent share price of HK$516, Pony Ma cashed out about HK$258 million.

In the first half of the year, Tencent made public nearly 60 investment cases, investing in one company every three days on average.

Tencent today announced the start of services at its largest data center cluster in Qingyuan, Guangdong province, which has the capacity to house more than one million servers.

Tencent has opened a new studio in Los Angeles to focus on developing AAA games for the PS5 and XSX.

Guizhou police said today they have detained three people suspected of forging the Lao Gan Ma company seal by posing as the company's marketing manager and entering into a fake cooperation agreement with Tencent.

Tencent is set to enter the U.S. social media market by launching a live game streaming service similar to Amazon's Twitch in the U.S., according to Bloomberg.