The Verge: Reddit gets a $150 million investment from Tencent and users are posting memes to mock the deal. “Reddit has received a $150 million investment from Tencent, the Chinese tech giant behind WeChat and League of Legends, sparking fears of censorship from Reddit users. The investment was first rumored last week, and led to Reddit users posting photos and memes banned in China in protest of Tencent’s involvement.”
PR Newswire: Tencent and National Museum of Brazil collaborate on a digital museum (PRESS RELEASE). “The signing ceremony for the ‘Rebirth of Luzia – The Digital National Museum of Brazil’ was held at the Brazilian embassy in Beijing on November 16, 2018 (local time). Marcelo Azevedo, head of the Creative Industries Section of the embassy, Alexander W. A. Kellner, director of National Museum of Brazil, and Ye Jun, vice president of Chinese internet company Tencent’s mobile browsing products, took part in the ceremony.”
Bloomberg: Google Is in China Cloud Talks With Tencent, Others. “Google wants to get back into China, and is laying the groundwork for a key part of the initiative: bringing its cloud business to the world’s second-largest economy. The internet giant is in talks with Tencent Holdings Ltd., Inspur Group and other Chinese companies to offer Google cloud services in the mainland, according to people familiar with the discussions. They asked not to be identified discussing private matters.”
The Canberra Times: These Chinese giants make Facebook and Google look tame. “The technology world’s most bruising battle for supremacy is taking place in China. And it could point to Big Tech’s future everywhere else, too. Tencent Holdings and the Alibaba Group are ratcheting up their no-holds-barred contest to dominate the ways 770 million internet users communicate, shop, get around, entertain themselves and even invest their savings and visit the doctor.”
Reuters: Google announces patent agreement with Tencent amid China push. “Alphabet Inc’s (GOOGL.O) Google has agreed to a patent licensing deal with Tencent Holdings Ltd (0700.HK) as it looks for ways to expand in China where many of its products, such as app store, search engine and email service, are blocked by regulators.”
Telegraph: China’s biggest social media company Tencent is now worth more than Facebook. “Tencent, the Chinese internet giant behind the WeChat messaging app, has surpassed Facebook in value after it became the first company in China to be worth more than $500bn (£378bn).”
Coast Week: UN to launch Chinese-funded digital library on Kenya’s traditional games. “The United Nations Educational, Scientific and Cultural Organization (UNESCO) will next week launch a digital library on traditional games in Kenya to preserve the cultural heritage. The project, dubbed: ‘Creating Open Digital Library on Traditional Games in Kenya,’ is funded by Chinese tech firm Tencent and is part of a global project launched in 2015 by the UNESCO Office in Beijing.” Why, yes, I do believe that’s the same Tencent that just took a stake in Snap.