London fintech Jeeves gets Tencent backing in $180m funding round March 22, 2022 London corporate card fintech Jeeves has won the backing of Chinese tech giant Tencent in a fresh $180m funding round announced today.
Return of lockdowns send Chinese shares tumbling March 15, 2022 The re-imposition of draconian lockdown measures in one of China’s main technology and manufacturing hubs to tame an outbreak in Covid-19 cases sent shares in Beijing and Hong Kong tumbling yesterday. China’s top index, the CSI 300, tumbled 4.57 per cent yesterday, taking total losses for the year to date close to 20 per cent. [...]
North/South Divide February 15, 2022 The way in which countries in the Asia Pacific region dealt with the coronavirus pandemic is well documented. Governments in that region reacted swiftly and implemented strict lockdown measures to curb the spread of the virus. However, the recovery and pace of growth has not been uniform across the region, with North Asian countries outperforming [...]
Tencent-backed energy researcher snags £33m in race for fusion power February 14, 2022 Fusion energy research company First Light Fusion has rounded off its Series C with £33.2m, after Chinese technology giant Tencent waded into the fundraiser. Braavos Capital joined Tencent as a new investor, as fusion energy pulls in capital-heavy firms with the lure of a limitless, and carbon free source of energy. Existing investors include IP [...]
UK videogame investment booms with M&A hitting £1.9bn in 2021 January 31, 2022 The UK gaming industry flourished in the past year, as the pandemic turned gaming into a social activity, expanding demographics and a widening its consumer base. M&A deals for UK video game makers hit £1.9bn in 2021, a 63 per cent increase on the £1.2bn in 2020, according to research from accountancy and business advisory [...]
Why the travel industry needs to embrace cryptocurrency January 27, 2022 Can the travel industry offer digital nomads an alternative crypto payment option as they further integrate crypto into their lives?
TikTok’s rocket revenue slows down as China tightens grip on big tech January 20, 2022 TikTok's momentous ascent may be slowing as insiders reveal that revenue grew by 70 per cent year-on-year to around $58bn in 2021, down from its 100 per cent growth rate in 2020.
Sony faces biggest share fall since financial crisis following Microsoft’s £55bn bid for Call of Duty maker January 19, 2022 Japanese tech giant Sony experienced its biggest one-day share drop since the global financial crisis on the Tokyo market, following Microsoft’s $75bn (£55bn) bid for Call of Duty maker Activision Blizzard.
When tech giant becomes gaming giant: Microsoft buys Call of Duty maker Activision Blizzard for a record £51bn January 18, 2022 Microsoft have announced that it would buy videogame publisher Activision Blizzard for $68.7bn (£51bn) in cash, making it the largest deal in the sector.
Tencent leads $96m funding round into Dublin restaurant tech firm Flipdish January 13, 2022 Tencent has led a $96m funding round into Dublin-based restaurant tech firm Flipdish which values the firm at $1.25bn.