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Tencent CEO Ma Huateng ‘Pony Ma’ is now the richest man in China

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Tencent started making money through advertising and monthly fees for premium QQ chat users. By 2001, the company had raised over $32 million in investments and, in 2004, it went public in Hong Kong. Then, in 2011, Tencent debuted its mobile-only messaging app WeChat as a separate entity from QQ. It has since been dubbed “the one app to rule them all.”

WeChat is often compared to Facebook because of its ubiquity in China, where Facebook is banned along with its messaging service WhatsApp. But WeChat’s “super app” model also goes even further than Facebook for its nearly 1 billion monthly active users, allowing them to text, call, play games, send money, shop, pay at restaurants, hail cab rides and even engage in online dating.

Tencent has branched out successfully into other arenas as well, such as cloud providers, artificial intelligence ventures and entertainment. Epic Games, a subsidiary of Tencent Games, produces the massively popular battle royale game “Fortnite.” Tencent is now spending $15 million to bring it to China, according to Variety. Even without that lucrative market, “Fortnite” has been a phenomenon: It reportedly made $126 million in February just through in-app purchases.

Tencent has also made investments in an array of Western companies: It has a 5 percent stake in Tesla and a 10 percent stake in Snap, and, reportedly, arranged a 10 percent stock swap with Spotify.

Last year, Tencent became the first Asian tech firm to be valued at over $500 billion and is now Asia’s most valuable public company.

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Digital tax agreement would be priority as OECD head

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Trump plans to sell F-35 fighter jets to UAE, but hurdles remain

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How to get Apple One subscriptions and save money

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iPhone 12 Pro and iPhone 12.

Todd Haselton | CNBC

Apple began rolling out its Apple One subscription bundles on Friday. They package together a bunch of of Apple’s subscription services, such as Apple Music, Apple TV+, Apple Arcade and iCloud storage and can save you money over paying for them separately.

Apple One also represents a new way for Apple to boost subscriptions and bolster its services business, which generated $14.55 billion — up 16.5% year-over-year— during Apple’s fiscal fourth quarter. And it could help attract more people to use services they might not have otherwise, like Apple Arcade.

Three plans are available:

  • Individual costs $14.95 per month with Apple Music, Apple TV+, Apple Arcade and 50GB of iCloud storage. That’s a savings of $6 a month over buying them separately.
  • Family costs $19.95 per month and includes 200GB of iCloud storage and support for up to six people to use the subscriptions. It will save you $8 a month.
  • Premier costs $29.95 per month and adds News+ and Fitness+, a set of workout classes for Apple Watch owners, along with 2TB of iCloud storage. It works with up to six people and will save you a whopping $25 a month over buying the services separately.

Here’s how to sign up:

  • Open Settings on your iPhone.
  • Tap your name at the top of the screen.
  • Tap Subscriptions.
  • Choose “Get Apple One.”
  • Select the plan. Each comes with a one-month free trial.
  • Click ‘Start Free Trial’ at the bottom of the screen.

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