Tootfinder

Ubisoft says Tencent's €1.16B investment in Vantage Studios, set to reduce its debt, is complete, giving Tencent a 26% stake in Vantage and valuing it at €3.8B (Daniel Zuidijk/Bloomberg)
https://www.bloomberg.com/news/articles/20

„Horizon“-Abklatsch: Sony und Tencent einigen sich wegen „Light of Motiram“
Der chinesische Publisher Tencent hat mit „Light of Motiram“ einen offensichtlichen „Horizon“-Klon beworben. Nach einer Klage von Sony gibt es nun eine Einigung.

StepFun, a Chinese AI startup that develops LLMs and has partnered with automaker Geely and smartphone brands like Oppo and Honor, raised a ~$717M Series B (Eudora Wang/DealStreetAsia)
https://www.dealstreetasia.com/stories/stepfun-series-b-round-470495/

Tencent-backed China LLM unicorn StepFun bags $720m in Series B+ round
StepFund expects to deploy its LLMs into over one million vehicles this year.

Tencent Music reports Q3 revenue up 20.6% YoY to $1.19B, online music services revenue up 27.2% YoY to $979M, and subscription revenue up 17.2% YoY to $632M (Naman Ramachandran/Variety)
https://variety.com/2025/music/news/tencent-music-q3-revenue-2025-1236577827…

Tencent Music Entertainment Reports 27% Revenue Growth in Q3
China's Tencent Music Entertainment Group reported strong Q3 financial results, with online music service revenues climbing 27.2% to $979 million.

Filing: Sony and Tencent reach a "confidential settlement" over Tencent's Light of Motiram, a game that Sony alleged was a "slavish clone" of its Horizon series (Jay Peters/The Verge)
https://www.theverge.com/news/847080/sony-

Sony’s legal battle against Tencent’s Horizon ‘clone’ is already over
Sony has reached a settlement with Tencent in its lawsuit over Light of Motiram, a game Sony alleged was a “clone” of its Horizon series.

Source: Tencent tells staff that Yao Shunyu, an ex-OpenAI researcher who joined in September, is now its chief AI scientist, reporting to President Martin Lau (Juro Osawa/The Information)
https://www.theinformation.com/briefings/tencent-name…

Tencent Names Former OpenAI Researcher Chief AI Scientist
Tencent Holdings internally announced that Yao Shunyu, a researcher who joined from OpenAI in September, is now serving as a chief AI scientist overseeing the Chinese tech giant’s large language model department as well as its newly established AI infrastructure department, according to a person with knowledge of the matter. Yao’s major role, part of Tencent’s office of the CEO and president,

Apple einigt sich mit WeChat, erlaubt Mini-Apps gegen Provision
Apple hat sich nach langen Gesprächen mit der WeChat-Mutter Tencent auf eine Provision auf Transaktionen in Mini-Apps geeinigt. Sie gilt auch für andere Devs.

Sources: China has told Alibaba, Tencent, and ByteDance that they can prepare orders for Nvidia's H200 chips, suggesting Beijing is close to approving imports (Bloomberg)
https://www.bloomberg.com/news/articles/2026-01-23/c…

Source: Tencent has secured access to Nvidia's Blackwell chips through a cloud service operated by Tokyo-based Datasection (Jacob Adelman/Barron's Online)
https://www.barrons.com/articles/china-tence…

NetEase says 2M people played martial arts game Where the Winds Meet in the 24 hours after its global release, as Chinese companies' cultural influence expands (Evelyn Cheng/CNBC)
https://www.cnbc.com/2025/11/19/china-conn

CNBC's The China Connection newsletter: China’s homegrown games capture overseas players as its cultural influence expands
In a big year for Chinese cultural exports, a new video game is the latest to win a global audience.

Sources: in recent months, Tencent aggressively hired AI researchers from ByteDance, including offering to double their salaries, and reorganized its AI team (The Information)
https://www.theinformation.com/articles/tencent-poaches-bytedance-…

Tencent Poaches ByteDance Researchers as China AI Race Heats Up
Throughout the past couple of years, as AI fever swept China’s technology sector, one giant—Tencent—seemed to mostly be sitting on the sidelines. The company, which owns the hugely popular WeChat app, didn’t seem enthusiastic to win a fierce race in the country to develop cutting-edge AI models, ...

Bericht: Apples Diensteabteilung überholt Umsatz von Tesla
Analysten glauben, dass Apple sein Dienstegeschäft mit App Store, iCloud, Apple Music & Co. weiter ausbauen kann. Tesla, Disney oder Tencent werden geschlagen.

Tencent reports Q3 revenue up 15% YoY to ~$27B, above ~$26.6B est., net profit up 19% YoY to ~$8.9B, above ~$8B est., and domestic game revenue up 15% YoY (Sherry Qin/Wall Street Journal)
https://www.wsj.com/tech/tencent-delivers-

Users of ByteDance's agentic AI phone Nubia M153 report that its Doubao assistant is blocked or limited by Tencent's WeChat, Alibaba's Taobao, and other apps (Cissy Zhou/Nikkei Asia)
https://asia.nikkei.com/business/techn

ByteDance AI phone sparks security fears from Tencent and Alibaba
Experts say bigger concern is TikTok parent trying to rewrite Big Tech market rules

After a delay, Ubisoft reports Q2 net bookings up 39% YoY to €490.8M, above €450M est., and expects Q3 bookings of €305M; Ubisoft resumed trading on November 21 (Leo Marchandon/Reuters)
https://www.reuters.com/world/asia-pacific

A look at Tokyo-based neocloud provider Datasection, which sources say has a $1.2B contract giving Tencent access to a large share of its 15K Blackwell chips (Financial Times)

An interview with Tencent Games Global CEO Michelle Liu, whose hands-on dealmaking approach generated $10B in international gaming revenue over the past year (Bloomberg)
https://www.bloomberg.com/news/articles/2025-12-09/tenc…

Singapore-based Video Rebirth, founded by Tencent AI veteran Liu Wei to develop AI video generation models, raised a $50M seed from Qiming, ActozSoft, and more (Bloomberg)
https://www.bloomberg.com/news/articles/2025-11-05/t…

Report: China-based Moonshot AI, maker of Kimi models, raised a $500M Series C at a $4.3B valuation led by IDG Capital, with Alibaba and Tencent participating (Iris Deng/South China Morning Post)
https://www.scmp.com/tech/tech-trends/arti

China’s Moonshot AI raises US$500 million in latest funding round: report
The Kimi AI model developer is now valued at US$4.3 billion, with cash reserves worth US$1.4 billion.