Tencent

Most recent

Backlash against reports Tencent funding Reddit

Reddit on a smartphone
Getty Images

A reported investment by Chinese tech giant Tencent in Reddit has sparked a backlash on the popular community news site over censorship fears.

Last week reports said that Tencent would be investing $150m (£115m) into the platform.

China has a strict internet censorship regime known as the Great Firewall and Reddit is among the sites it blocks.

The proposed funding prompted a wave of criticism on Reddit, which many of its users see as a bastion of free speech.

Tencent Music raises $1.1bn in US IPO

A man wears headphones and rides a motorbike in China
Getty Images

Tencent Music says it raised $1.1bn (£870m) in its US initial public share offering.

That's at the lower end of the forecast range but it values the company at $21.3bn - making make it one of the biggest tech floats on Wall Street in recent years.

The streaming arm of China tech giant Tencent will debut on the New York stock exchange on Wednesday.

Tencent Music postpones IPO amid market turmoil

Tencent Music logo with headphones
Getty Images

China's Tencent Music has postponed its much-anticipated initial public offering amid this week's falls in US stock markets - that's according to several media reports.

The stock market falls came amid concerns about rising interest rates and slowing global growth.

Tencent Music filed its much-anticipated request to list its shares in the US earlier this month.

Tencent Music's parent firm is China's tech giant Tencent Holdings. Other shareholders include Spotify.

If the music firm decides to move ahead with its IPO later, it is expected to be one of the biggest in the US by a Chinese company.