Chinese conglomerate Tencent has fired 5,500 employees, after posting a revenue of $19.8 billion in the June quarter, down 3 per cent which is the first decline since going public.
Shares of Japanese technology giant Sony have slumped in Tokyo trade after Microsoft said it plans to buy mega games company Activision Blizzard, BBC...
Tencent's winter break rules — which limit playing time to just 14 hours over the next few weeks — are in line with Beijing's crackdown on the gaming habits of kids.
Authorities are inspecting Tencent's apps after nine of its products violated regulations, China's Ministry of Industry and Information Technology said.
Six of the 10 billionaires who have lost the most wealth this year are Chinese business figures, including top names at Pinduoduo, Evergrande, and Tencent.