Tag: tencent
Tencent being “more assertive” with companies like Techland, Funcom and Sumo
"We 100% stay away from creative intervention. However, creative people do not always know how to do finance or production or hiring" Image credit: Tencent Chinese tech and entertainment giant Tencent has said that it is having more of a say in the strategy of the companies it owns, such as Techland, Funcom and Sumo
Tencent sells Battalion maker Bulkhead to newly-formed consortium backed by Team 17 owner
The studio is working on a new IP, Wardogs, and is looking into co-development opportunities on future Hell Let Loose games Image credit: Bulkhead Interactive Chinese tech and entertainment giant Tencent has sold UK developer Bulkhead to a newly-formed consortium comprised of Super Media Group (SMG), Team 17 parent Everplay Group PLC and Hiro Capital.
Tencent Responds to Sony Lawsuit That Claims Light of Motiram Rips Off Horizon Series
by William D'Angelo , posted 15 hours ago / 1,363 Views Sony in July of this year filed a lawsuit in California federal court against Tencent that alleges Tencent has ripped off Sony Interactive Entertainment's Horizon series of video games with Light of Motiram. The lawsuit claims Light of Motiram is a "slavish clone" that copies several elements from the Horizon series. This includes
Tencent Music Entertainment Group Launches Global Original Music Competition ‘THE ONE’
Billboard China will be the exclusive media partner for the competition. 'THE ONE' TME Tencent Music Entertainment Group, the leading online music and audio entertainment platform in China, announced that its QQ Music has launched the global original music competition THE ONE, and global music media brand Billboard China will be the exclusive media partner
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strategy
Strategy Swings to $8.2B Loss as Bitcoin Slump Weighs on Holdings
Strategy reported a net loss of US$8.22 billion for the second quarter, against net income of US$10.02 billion a year earlier, in results filed after the US close on Thursday. An unrealised loss of US$8.32 billion on its Bitcoin drove the swing, compared with a US$14.05 billion gain in the same quarter of 2025. Company
Gwalior
Gwalior Telecom Manufacturing Zone to attract ₹12,000 crore investment: Scindia
In this image posted on July 30, 2026, Union Communications Minister Jyotiraditya Scindia and Madhya Pradesh Chief Minister Mohan Yadav after signing an MoU between the Department of Telecommunications (DoT) and the Madhya Pradesh government for setting up India's first Telecom Manufacturing Zone (TMZ) in Gwalior, in New Delhi. | Photo Credit: Via PTI Photo
Spending
Big Tech AI spending spree tops $1tn
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awareness
Situational Awareness fund’s $16B liquidation prompts Wall Street to bet AI trade has bottomed
A 24-year-old former OpenAI researcher just became Wall Street’s most expensive cautionary tale. Leopold Aschenbrenner’s Situational Awareness LP hedge fund sold its entire public equity portfolio, roughly $16 billion worth of AI stocks, to Citadel in a single block trade this month after its leveraged bets cratered. From moonshot to meltdown Situational Awareness launched in
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Strategy Posts $8.22B Q2 Loss as Bitcoin Holdings Climb to 843,775 BTC
TLDR: Strategy posted an $8.22 billion net loss in Q2 2026 from bitcoin fair value changes. Bitcoin holdings reached 843,775 BTC as of July 26, up 25% year to date in 2026. Convertible debt fell to $6.71 billion after Strategy repurchased notes at a discount. USD Reserve grew to $3.75 billion...