Tencent’s New ‘PUBG’ Lookalike Is a Peace Offering to China’s Game Regulators

The Chinese tech giant Tencent Holdings just shut down what should have been its most profitable mobile game, the international smash-hit PlayerUnknown’s Battlegrounds (PUBG), and replaced it with a lookalike that doubles as a tidy piece of propaganda. Developed by South Korean game maker Bluehole, PUBG is among the world’s best-selling games, with over 400 […]

Eye on A.I.— Why Video Games Are Key to Better A.I.

Artificial intelligence demolished the best professional e-sports team in the strategy video game Dota 2, highlighting how technology is better than humans at a growing list of complex tasks. The competition, if you can call it that, took place in San Francisco on Saturday. The point was to showcase the potential of deep learning, a […]

Why Some of China’s Hottest Tech Companies Are Cooling Off

This article first appeared in Data Sheet, Fortune’s daily newsletter on the top tech news. To get it delivered daily to your in-box, sign up here. China’s second-largest e-commerce company, JD. com, plans deep job cuts to staunch losses and reassure investors, according to a slew of recent media reports, highlighting the mounting challenges faced […]

Data Sheet—Why Some of China’s Hottest Tech Companies Are Cooling Off

China’s second-largest e-commerce company, JD. com, plans deep job cuts to staunch losses and reassure investors, according to a slew of recent media reports, highlighting the mounting challenges faced by Chinese tech firms as their nation’s economy loses steam. The Information, citing investors, reported Tuesday that NASDAQ-listed JD.com is preparing to lay off as many […]

Eye on A.I.— Why You Should Be Concerned About China’s Gains in Artificial Intelligence

Chinese tech giants Baidu, Alibaba, and Tencent are rapidly improving their artificial intelligence, challenging current U.S. tech leaders like Google and Amazon. China’s so-called BAT companies, as New York University business professor and futurist Amy Webb calls them in her latest book, The Big Nine, get a big boost from their government’s funding and tech-friendly […]

Why Africa’s Biggest Media Firm Wants to Create Europe’s Biggest Consumer Internet Company

Africa’s biggest media company, Naspers, is promising to create Europe’s biggest consumer Internet company with a listing later this year on the Euronext Amsterdam. The South African firm has a long and varied history in print and broadcast media, but it really hit paydirt with a 2001 investment in China’s Tencent that turned $32 million […]

Tencent Profit Plummets After China’s Gaming-Approval Freeze

Tencent Holdings Ltd. posted a quarterly profit that missed analysts’ estimates after it spent heavily on cloud and mobile payments businesses to offset a gaming slowdown. Net income fell 32% to 14.2 billion yuan ($2.1 billion) in the three months ended December, missing the 17.55 billion-yuan average of estimates and reflecting share issues and impairment […]

Data Sheet—Tencent, Grab, and Go-Jek: All Hail the Super-App

Over the last two weeks, the global business press has invested great time and effort pondering the implications of Mark Zuckerberg’s “pivot to privacy.” (That includes Fortune; don’t miss Michal Lev-Ram’s insightful cover story about Facebook’s “about face“.) In Data Sheet and CEO Daily, Adam and I have argued that Zuckerberg’s pivot is an effort […]

Investing in China: All Bets Are Off

Last August, in my first post for Adam’s Data Sheet newsletter, I warned that Chinese tech companies might be headed for a “capital winter.” Alas, that dire prediction appears to be coming true. The Economist, citing research by CB Insights, noted last week that, in the last three months of 2018, deals to commit venture […]