Tencent

China on Friday announced new plans to restrict the online gaming industry, sending shares in tech giants including Tencent tumbling and wiping tens of billions of dollars off their value.

New draft restrictions published online by the regulator are aimed at limiting in-game purchases and compulsive playing behaviour.

Alamy Photo

Chinese tech giant Tencent said yesterday it had fired more than a hundred employees for violating company policies, with some referred to police and later found guilty of bribery and embezzlement.

Ljubljana – The Chinese tech giant Tencent last year acquired a 25% stake in the Slovenian video games developer Triternion in exchange for a EUR 8.2 million recapitalisation of the company, the newspaper Finance has reported. The acquisition of the minority stake was announced on Friday on the website Games Press by Triternion founder and CEO Marko Grgurović.

The European Union is setting up a € 100 billion fund to invest in strategic industries where the community lags behind its global competitors. This is written by the British Financial Times, which has managed to get acquainted with the relevant EU documents.

China's online giant Alibaba can acquire part of the German Metro trade chain operations on the Chinese market. This is what unnamed sources of Reuters say.

Google takes the first place in this year's  BrandZ ranking of the most expensive brands in the world. Its value in dollars amounted to over $302 billion last year and it increased by 23%.

Chinese tech giant Tencent's mega-rally has turned it into the world's fifth-largest company and the first Asian firm to enter the half trillion dollar club.

Stephen Hawking has warned that the human race will perish on Earth after we turn it into a sizzling fireball in less than 600 years.
He declared that humans must “boldly go where no one has gone before” if we fancy continuing our species for another million years.

Chinese authorities on Feb. 28 shut down the social media accounts of a tycoon nicknamed "The Cannon" after he criticised the ruling Communist Party's tightening grip on the media.