Tencent Archives | Be Korea-savvy
Korean Videogame Industry Less Appealing to Chinese Investors

Korean Videogame Industry Less Appealing to Chinese Investors

SEOUL, Sept. 9 (Korea Bizwire) – A recent report by the Korea Creative Content Agency (KOCCA) revealed that the volume of Chinese capital invested in the Korean videogame industry – apart from back-door listings and securing intellectual property purposes – has plummeted to almost zero, after years of aggressive M&A efforts that shook up Korean [...]

Coexistence or Encroachment? Chinese Capital Rushes into Korean Game Industry

Coexistence or Encroachment? Chinese Capital Rushes into Korean Game Industry

SEOUL, March 10 (Korea Bizwire) – Big-spending Chinese game companies armed with significant financial resources are rushing into the Korean market. As the ‘allies’ are engaged in strategic collaboration followed by equity acquisition, some industry officials are concerned that Korean game developers might fall into the hands of Chinese gaming companies. However, some consider the [...]

YG Entertainment Teams Up with China’s Tencent to Produce K-wave Content

YG Entertainment Teams Up with China’s Tencent to Produce K-wave Content

SEOUL, Dec. 3 (Korea Bizwire) – YG Entertainment, one of Korea’s top three talent agencies, signed an agreement with Tencent, China’s leading IT firm, to jointly produce and expand the distribution of K-wave content in China. On December 2, the two companies sealed the MOU for their strategic partnership in Hong Kong. According to the [...]

PATI Games Receives Huge Capital Infusion from China’s Tencent

PATI Games Receives Huge Capital Infusion from China’s Tencent

SEOUL, Sept. 3 (Korea Bizwire) – A Korean mobile game producer, PATI Games, announced it has successfully secured 20 billion won (US$19.7 million) of capital investment from Tencent, China’s largest Internet service provider. PATI Games announced on September 1 that Tencent would invest the amount through the third-party allocation of new shares. With this capital [...]

Chinese Money Rushing into Korean M&A Market

Chinese Money Rushing into Korean M&A Market

SEOUL, July 30 (Korea Bizwire) — When President Xi Jinping of China visited South Korea earlier this month, around 200 business delegates, including CEOs of major Chinese IT companies like Alibaba, Baidu, Huawei and China Telecom, accompanied him on the trip. All of the Chinese companies are reportedly, gearing up to push deeper into Korean market with [...]

Forrester: What Digital Wallet Growth in China Means For Businesses

Forrester: What Digital Wallet Growth in China Means For Businesses

  BEIJING, June 25, 2014 (Korea Bizwire)–Digital wallets1 adoption is growing in China, according to a  new report from Forrester  Research, Inc. (FORR). The growth is attributed to the  burgeoning eCommerce market, explosive growth of smartphone penetration,  and mobile payment technologies in recent years that have made digital  wallets a convenient payment option. Aggressive promotional [...]

Third Generation of LBS to Capitalize on Location Based Advertising, Says ABI Research

Third Generation of LBS to Capitalize on Location Based Advertising, Says ABI Research

LONDON, June 23, 2014 (Korea Bizwire)–The LBS market continues to grow strongly and with the arrival of  always-on ubiquitous location, ABI Research believes that the market is  ready to truly support location based advertising efforts. In Western  Markets, a third generation of location based services is now underway.  It has forecast retail/shopping, ambient intelligence, hyperlocal [...]