The decision to make chips was not a baseless one, nor a hasty one. We knew it from the beginning that Tencent’s demand was large enough for us to do this.
Without loud, rhythmic music or hosts frantically barking out low prices, the Oriental Selection channel on Douyin brings a bit of tranquility and culture.
Charitable-minded Chinese citizens coughed up a total of RMB 10 billion (USD 1.48 billion) in online donations in 2021, according to a senior Chinese government official.
On 18 May, Tencent reported its first quarter 2022 results, achieving revenue of 135.471 billion yuan, and net profit of 25.545 billion yuan, down 23% year-on-year.
China’s government started a sweeping crackdown on its most powerful tech companies a year ago and is planning to ease off the regulatory clampdown this month.
Despite Meta deploying the metaverse in all directions, there is still a huge gap between these supporting technologies and the expected metaverse experience.