Chinese Internet giant Tencent Holdings reports strong second-quarter earnings as online advertising and smartphone gaming revenues grow.
The Chinese Internet giant is paying nearly $215 million for 15 percent of JD.com, China's second-largest e-commerce company behind Alibaba.
Alibaba, the China-based e-commerce giant, will put itself in direct competition with Tencent Holdings, a major firm in the Chinese gaming arena.
This story incorrectly characterized the investment round in Fab. Tencent Holdings led a group of investors.
The social gaming company shuts down The Ville, Empires and Allies, Dream Zoo, and Zynga City on Tencent, but Draw Something 2 goes live Wednesday night.
The site, which sells designer clothes, furniture, and other items, has just received an investment of $150 million from a group of investors, including Chinese Internet company Tencent Holdings.
Government watchdogs have scrubbed from the Web the accounts of several journalists as Beijing wraps up its annual parliament meeting.
Daily deal site is in talks with Tencent to form a partnership to accelerate its effort in the critical Asian arena, say sources with knowledge of the situation.
With a jump of more than 40 million monthly active users since the end of 2013, the mobile messaging app's star appears to be on the rise.
The anonymous-confession app closes its third round of funding in less than a year, giving it a $200 million valuation, according to Recode.