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tencent

Tencent Music to buy Chinese audio platform Ximalaya for $2.4 billion

Chinese music platform Tencent Music Entertainment Group said on Tuesday it would buy long-form audio platform...

Published 10 Jun, 2025 05:12pm

Technology

Tencent-backed China Ruyi raises $302 million in convertible bonds

Chinese media firm China Ruyi Holdings said on Tuesday it had raised HK$2.34 billion ($301.74 million) in a...

Published 15 Apr, 2025 11:35am

Technology

Chinese tech giant Tencent posts 8% revenue growth in Q3

BEIJING: Chinese tech giant Tencent on Wednesday posted an eight percent year-on-year expansion in third-quarter...

Published 13 Nov, 2024 03:22pm

World

What Trump’s 2024 election win means for Asian companies

Donald Trump has been elected US president, capping a remarkable comeback four years after he was voted out of the...

Published 07 Nov, 2024 11:45am

Technology

Tencent Music beats quarterly revenue estimates

China’s Tencent Music Entertainment Group beat fourth-quarter revenue estimates on Tuesday, driven by growth in paid...

Published 19 Mar, 2024 02:50pm

Technology

China’s Tencent takes over two ByteDance video game teams

HONG KONG: China’s Tencent has taken over two ByteDance video games units after ByteDance retreated from the gaming...

Published 14 Mar, 2024 01:45pm

Technology

Tencent working on mobile version of hit console game ‘Elden Ring’, sources say

HONG KONG: China’s Tencent Holdings has been working to adapt acclaimed action role-playing console game “Elden...

Published 06 Feb, 2024 01:52pm

Technology

China’s Tencent fires more than 120 workers for fraud

BEIJING: Chinese tech giant Tencent said it last year dismissed more than 120 employees for violating its anti-fraud...

Published 04 Feb, 2024 10:53am

Technology

Tencent chief says gaming business under threat, catching up in AI

HONG KONG: Pony Ma, chief executive and co-founder of Tencent Holdings, has said that the company’s video games...

Published 30 Jan, 2024 10:42am

Technology

Tencent’s Riot Games to lay off about 11% of staff

Tencent Holdings’ Riot Games plans to lay off 530 employees, or about 11% of its staff globally, the online gaming...

Published 23 Jan, 2024 10:01am

Technology

Tencent turns to ByteDance in gaming showdown with NetEase

HONG KONG: Tencent Holdings is relying on one-time bitter rival ByteDance to promote its most important video game...

Published 18 Dec, 2023 11:22am

Technology

Tencent launches party game ‘DreamStar’, analysts say poses a threat to NetEase

HONG KONG: Chinese tech giant Tencent Holdings on Friday launched “DreamStar”, a new party game that has been widely...

Published 15 Dec, 2023 09:46am

Technology

Tencent reveals most ambitious game yet for consoles amid global expansion

HONG KONG: Chinese tech giant Tencent Holdings unveiled on Friday a big-budget console game named Last Sentinel, a...

Published 08 Dec, 2023 10:22am

Technology

China lists mobile app stores that comply with new rule, but Apple missing

HONG KONG: China’s cyberspace regulator released on Wednesday names of the first batch of mobile app stores that...

Published 27 Sep, 2023 11:18am

Business & Finance

New Alibaba Group CEO lays out strategic priorities for staff

SHANGHAI: New Alibaba Group CEO Eddie Wu has told staff the tech giant’s two main strategic focuses going forward...

Published 12 Sep, 2023 09:56am

Technology

Tencent claims new AI chat bot skills comparable to ChatGPT

SHANGHAI: Chinese tech giant Tencent on Thursday claimed its new chatbot had some capabilities on par with top US...

Published 07 Sep, 2023 12:52pm

Technology

China slowdown creates cheap thrills for Tencent

HONG KONG: China’s economic woes have gifted Tencent an unexpected silver lining. The $400 billion technology titan...

Published 17 Aug, 2023 12:32pm

Technology

ByteDance’s Douyin and Tencent bury hatchet, reach video cooperation pact

BEIJING: Douyin, the Chinese counterpart of TikTok, and internet giant Tencent have agreed to explore the joint...

Published 07 Apr, 2023 10:00am

Business & Finance

Gaming giant Tencent’s 2022 annual net profit falls 16pc

BEIJING: Chinese gaming giant Tencent’s profits fell steeply last year, according to an earnings report released...

Published 27 Mar, 2023 06:15am

Technology

ChatGPT frenzy sweeps China as firms scramble for home-grown options

HONG KONG: Microsoft-backed OpenAI has kept its hit ChatGPT app off-limits to users in China, but the app is...

Published 13 Feb, 2023 01:54pm

Technology

China’s Tencent fires more than 100 for fraud, embezzlement

BEIJING: Chinese tech giant Tencent said Monday it had fired more than a hundred employees for violating company...

Published 16 Jan, 2023 12:12pm

Technology

Tencent bets big on WeChat Channels in push to build its own TikTok

HONG KONG: On a hot summer’s day last year, the 90’s boy band Backstreet Boys clambered on to a stage in...

Published 13 Jan, 2023 11:40am

Technology

China approves 45 imported video games in December

BEIJING: China’s online game regulator granted publishing licences to 45 foreign video games for release in the...

Published 28 Dec, 2022 02:20pm

Technology

China’s Tencent wins first game licence in 18 months

BEIJING: China has granted tech giant Tencent its first licence for a video game in 18 months, ending a dry spell...

Published 18 Nov, 2022 11:34am

Technology

China approves 70 games in November, including Tencent’s ‘Metal Slug’

HONG KONG: China’s video games regulator on Thursday granted publishing licences to 70 online games, including...

Published 17 Nov, 2022 06:23pm

Technology

Hounded at home, China’s video game firms welcomed in Europe

PARIS: China is investing billions in Europe’s video game industry, but analysts have warned that there could be...

Published 16 Oct, 2022 10:14am

Technology

Tencent shifts focus to majority deals, overseas gaming assets for growth

HONG KONG: Tencent is resetting its M&A strategy to put more focus on buying majority stakes mainly in overseas...

Published 01 Oct, 2022 02:05pm

Technology

Tencent Music shares open at HK$18 each in Hong Kong debut

HONG KONG: China’s Tencent Music Entertainment Group shares started trading at HK$18 ($2.29) each in the company’s...

Published 21 Sep, 2022 11:47am

Technology

China approves 73 games including one under NetEase, but none for Tencent

HONG KONG: China’s gaming regulator granted publishing licences for 73 online games on Tuesday, including titles...

Published 13 Sep, 2022 06:21pm

Business & Finance

China regulator fines Alibaba, Tencent for disclosure violations

SHANGHAI: China has imposed fines on technology giants Alibaba and Tencent as well as a range of other firms for...

Published 10 Jul, 2022 10:52am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jul 10	284.76
USD PKR Interbank Buying / Jul 10	284.56
USD to Japanese Yen / Jul 11	146.81
USD to Swiss Franc / Jul 11	0.80
Pound Sterling to USD / Jul 11	1.36
Euro to USD / Jul 11	1.17
UK LIBOR % / Jul 9	4.96

Stock	Volume
S&P 500 / Jul 10	6,280.46
Nasdaq / Jul 10	20,630.66
FTSE 100 / Jul 10	8,975.66
Dow Jones / Jul 10	44,650.64
Germany DAX 30 / Jul 10	24,456.81
France CAC40 / Jul 10	7,902.25
India Sensex / Jul 11	82,511.45
Tokyo Nikkei / Jul 11	39,569.68
Hang Seng / Jul 11	24,193.74

Item	Value
Karachi Cotton PKR/37.32 KG / Jul 10	16,585
Gold 10 Grams PKR / Jul 10	304,098
Crude Oil USD/Barrel / Jul 11	67.08
Gold Spot USD/Ounce / Jul 11	3,339.24
Cotton US¢/pound / Jul 11	67.70
Petrol/Litre / Jul 12	266.79
Diesel/Litre / Jul 12	272.98

Gainers
Losers
Leaders

Stock	Price
First IBL Mod. / Jul 11 First IBL Modaraba(FIBLM)	6.60 ▲ 1 (17.86%)
Premier Insurance / Jul 11 Premier Insurance Limited(PINL)	9.30 ▲ 1 (12.05%)
Pak. P.V.C. / Jul 11 Pakistan PVC Limited(PPVC)	11.39 ▲ 1.04 (10.05%)
Sally Textile / Jul 11 Sally Textile Mills Limited(SLYT)	12.73 ▲ 1.16 (10.03%)
Gammon Pak / Jul 11 Gammon Pakistan Limited(GAMON)	27.57 ▲ 2.51 (10.02%)
J.A.Textile / Jul 11 J.A. Textile Mills Limited(JATM)	32.74 ▲ 2.98 (10.01%)
Invest Bank / Jul 11 Invest Capital Investment Bank Limited(ICIBL)	13.64 ▲ 1.24 (10%)
Pakistan Cables / Jul 11 Pakistan Cables Limited(PCAL)	178.87 ▲ 16.26 (10%)
S.S.Oil / Jul 11 S.S.Oil Mills Limited(SSOM)	918.24 ▲ 83.48 (10%)
National Silk / Jul 11 The National Silk & Rayon Mills Limited(NSRM)	160.63 ▲ 14.6 (10%)

Stock	Price
Trust Mod. / Jul 11 Trust Modaraba(TRSM)	7.72 ▼ -1 (-11.47%)
Gatron Ind. / Jul 11 Gatron (Industries) Limited(GATI)	167.13 ▼ -18.57 (-10%)
Beco Steel Ltd / Jul 11 Beco Steel Limited(BECO)	26 ▼ -2.89 (-10%)
Kohinoor Mills / Jul 11 Kohinoor Mills Limited(KML)	81.20 ▼ -9.01 (-9.99%)
J.K.Spinning / Jul 11 J.K. Spinning Mills Limited(JKSM)	113.26 ▼ -12.41 (-9.88%)
EMCO Industries / Jul 11 Emco Industries Limited(EMCO)	40.89 ▼ -3.86 (-8.63%)
B. F. Modaraba / Jul 11 B.F. Modaraba(BFMOD)	10.31 ▼ -0.94 (-8.36%)
Apna Microfin. / Jul 11 Apna Microfinance Bank Limited(AMBL)	11.96 ▼ -1.06 (-8.14%)
First Treet Manuf / Jul 11 First Treet Manufacturing Modaraba(FTMM)	19.66 ▼ -1.71 (-8%)
Kohat Textile / Jul 11 Kohat Textile Mills Limited(KOHTM)	80.99 ▼ -6.54 (-7.47%)

Stock	Volume
B.O.Punjab / Jul 11 The Bank of Punjab(BOP)	94,039,248 ▲ 0.06
Aisha Steel Mill / Jul 11 Aisha Steel Mills Limited(ASL)	24,816,886 ▲ 0.43
Kohinoor Spining / Jul 11 Kohinoor Spinning Mills Limited(KOSM)	23,497,446 ▼ -0.21
WorldCall Telecom / Jul 11 Worldcall Telecom Limited(WTL)	22,553,486 ▼ -0.04
Hascol Petrol / Jul 11 Hascol Petroleum Limited(HASCOL)	19,016,666 ▼ -0.12
Azgard Nine / Jul 11 Azgard Nine Limited(ANL)	18,507,753 ▼ -0.28
Dewan Motors / Jul 11 Dewan Farooque Motors Limited(DFML)	18,340,550 ▲ 0.76
Pak Elektron / Jul 11 Pak Elektron Limited(PAEL)	15,874,245 ▲ 1.24
Image Pakistan / Jul 11 Image Pakistan Limited(IMAGE)	15,512,673 ▲ 0.89
Fauji Cement / Jul 11 Fauji Cement Company Limited(FCCL)	14,317,455 ▲ 0.48

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