Tencent

Chinese tech giant, Tencent, has shut down one of its U.S. video games studios that has been considered a key part of its global expansion plan to become a competitive game developer for the Western market, a source familiar with the matter…

China’s State Administration for Market Regulation (SAMR) has hit technology giants Alibaba and Tencent with fines for failing to comply with transaction disclosure rules. The rules form part of anti-monopoly laws, the SAMR said on…