Cango Inc. pivots from automobile trading to Bitcoin mining, aiming for 50 EH/s by 2025, with support from Tencent and Bitmain.
Vitalik Buterin praised Tencent Hunyuan Model for its AI video creation under Ethereum LODO.
Tencent has launched a new AI video generator model, claiming it surpasses popular tools like OpenAI's Sora, Runway Gen-3, and others in human evaluations.
Qooverse, a Web3 game studio, raised pre-seed funding led by Paper Ventures, with participation from Animoca Brands and others. The team includes former Tencent and Goldman Sachs professionals.
Tencent and the Guillemot family are in talks about potentially privatizing Ubisoft, hinting at a buyout deal.
Tencent is considering a buyout of Ubisoft, potentially collaborating with the Guillemot family to take the company private.
Ubisoft may go private as Tencent and the Guillemot family consider privatization amid a stock surge.
Chinese AI models are 6-9 months behind U.S. counterparts but closing the gap quickly, with AI apps expected to proliferate faster in China by early next year. Major Chinese companies like Alibaba and Tencent are leading in AI development, and training costs have decreased significantly.
SOL leads crypto majors ahead of ETH ETF launch. BTC ETF inflows hit $85m and Polymarket hits $20m in volume. Trump round-table tickets soar to $845k. New overlay attacks emerge in crypto. Winklevii donate $1m to unseat Warren, Raydium integrates with Moonpay, Tencent backs Chainbase.
Wintermute Trading aims for a $2 billion valuation in a funding round, potentially involving Tencent, while Donald Trump renews his crypto support.
Wintermute Trading is set for a funding round that could value it at $2 billion, possibly involving Tencent Holdings. This news coincides with Trump's return and renewed optimism in the crypto markets.
Wintermute plans to raise $200M-$300M with Tencent, valuing the company at $2B. Previous funding was $20M in January 2021.
Wintermute is in talks with Tencent to raise funds, sparking speculations about potential crypto integration into Tencent's ecosystem.
Chainbase raises $15M in Series A funding led by Tencent and Matrix Partners China.
Tencent, China's largest company, has made a move linked to cryptocurrency and blockchain technologies.
Chainbase secured $15M in Series A funding led by Tencent and Matrix Partners China to support their blockchain data network aiding 15K developers and 8K projects.
Chainbase secures $15 million in Series A funding to enhance its transparent omnichain data network, backed by Tencent and Matrix Partners.
Tencent tests the use of digital yuan and Mbridge for e-commerce export settlements. The Chinese company participated through Tenpay, its international settlements arm, using Mbridge's CBDC-enabled cross-border settlement platform.
Chinese stocks are rallying, including electric vehicle manufacturer NIO, and e-commerce giants Alibaba and JD.com. Other prominent companies like BYD, PDD Holdings, and Tencent are also showing growth, suggesting a potential investment opportunity in these areas.
Wintermute is in talks for $300M funding with Tencent interested, potentially valuating the company at $2 billion.
