Tencent executive held by China over links to corruption case, reports WSJ

An executive at Tencent Holdings Ltd has been held by Chinese authorities as part of a probe into a high-profile corruption case involving one of China’s former top law-enforcement officials, the Wall Street Journal (WSJ) reported, citing people familiar with the matter. Shares in the gaming company and internet powerhouse fell 1.4 […]

Tinder, Netflix and Tencent lead consumer spending on non-gaming apps in 2019

Tinder, Netflix Inc. and Tencent Holdings Ltd. took the top three spots in App Annie’s 2019 ranking of consumer spending on non-gaming apps, underlining the growing importance of subscription services for generating revenue. Games offering in-app purchases of virtual currency and upgrades, commonly called microtransactions, continued to lead overall rankings, […]