Tencent

Tencent Cloud said it will open a second data center in Indonesia within the next year to seize the opportunities presented by the fast-growing mobile Internet there.

The ADR of US-traded Tencent Holdings fell nearly 10 percent pre-market after its largest shareholder Prosus announced plans to sell HK$114.1 billion worth of its holdings.

Tencent's TiMi Studios reached $10 billion in revenue in 2020, meaning it has become the world's largest game developer, according to a Reuters report on April 2.

PUBG's cumulative revenue since its release has reached $5.1 billion, with the game's revenue reaching $2.7 billion in 2020 alone, according to data provider Sensor Tower.

The Chinese version of the Switch was launched in December 2019 and currently ranks first in the Chinese game console market in terms of market share.

The number of monthly active accounts for WeChat, Tencent's messaging app, reached 1.225 billion as of Dec. 31, 2020, up 5.2 percent year-over-year.

Chinese tech giant Tencent's fourth-quarter revenue rose 26 percent year-on-year to RMB 133.67 billion ($20.5 billion), in line with market expectations.

The secret to Tencent's success as one of the most profitable Chinese tech giants is a strong investment in R&D human resources.

Fresh on the heels of AMD's release of its Milan server CPUs, Chinese cloud computing giant Tencent Cloud has unveiled a new generation of servers powered by the latest processors, saying it brings a multi-fold performance boost.

Shares of Chinese social media and gaming giant Tencent Holdings plunged more than 4 percent in Hong Kong trading, amid reports by Bloomberg that the company has become the next target of China's increased regulation in the fintech sector.