Tencent - News, Articles & Research

Tencent takes stake in Monzo as part of $100 million capital injection

Chinese technology behemoth Tencent has taken a small stake in Monzo as part of a $100 million top-up to the UK challenger's recently announced $500 million funding round.

04 January 2022

News/payments

Paysend-Tencent partnership enables Weixin transfers

UK-based payment ecosystem, Paysend, has just announced a partnership with the fintech arm of internet and technology company, Tencent. The joint venture will allow people to receive money through Weixin – China’s version of WeChat.

30 December 2021

Company announcement

Tyme completes $180 million Series C with investments from Tencent andd CDC

Tyme, one of the fastest growing digital banking groups globally, has successfully secured investments from Tencent and CDC to complete its US$180 million Series B capital raise.

14 December 2021

Company announcement/payments

Aleta Planet teams up with Tencent on Singapore-China remittances

Singapore residents, including the more than 400,000 mainland Chinese living and working here, can now remit money to Weixin users in China under a partnership between homegrown fintech Aleta Planet and Tencent Financial Technology.

08 December 2021

Company announcement/payments

Tencent leads $48 million round in Souith African payments firm Ozow

We’re proud to announce our $48m Series B funding round, which is led by world-leading internet and technology company Tencent.

24 November 2021

News/retail

Viva Wallet secures $80 million financing

Viva Wallet, a pan-European neobank providing localised payment and credit services to businesses across 23 European countries, has secured additional financing of $80 million from several technology and financial services investors, including Tencent, the European Bank for Reconstruction and Development (EBRD) and Breyer Capital.

28 April 2021

News/crypto

Ant Group and Tencent promote their work on digital yuan with PBoC – SCMP

This weekend, the two Chinese fintech giants Ant Group and Tencent prominently displayed posters during the Digital China Summit outlining a “history of cooperation with the PBoC on the digital yuan” according to the South China Morning Post.

26 April 2021

News/sustainable

Tencent backs Finnish fintech Enfuce

Finnish fintech Enfuce has raised €7 million in Seris B funding, including a €5 million investment from Chinese behemoth Tencent.

18 March 2021

News/payments

Trump signs executive order banning the use of Chinese payments apps

Outgoing US president Donald Trump has signed an executive order banning transactions with ten Chinese apps, including behemoths Alipay and WeChat Pay.

06 January 2021

News/payments

Square and Tencent join €93 million capital raise in Italy's Satispay

Italian mobile payments outfit Satispay has raised €93 million in funding from a share sale to a clutch of international investors, including Square, Tencent, LGT LIghtsone and TIM Ventures.

19 November 2020

News/payments

Alipay and WeChat Pay could face antitrust investigation - Reuters

China's antitrust agency is pondering an investigation into Alipay and WeChat Pay after the country's central bank raised concerns about the mobile payment behemoths, according to Reuters.

03 August 2020

Company announcement/cloud

New Singapore bank ADBC inks MoU with Tencent Cloud

Tencent Cloud, the cloud computing arm of Tencent – a leading provider of internet value added services in China, today announced the signing of a Memorandum of Understanding (MoU) with Asia Digital Bank Corporation (ADBC) in Singapore, kicking off collaborations on cloud-based financial services and joint innovations towards a data-driven digital bank to boost local businesses in Singapore through innovative technology and hands-on digital banking operations.

09 July 2020