Qualcomm & Tencent collaborates on creating optimized gaming devices & 5G

The agreement potentially also includes tweaking game titles for U.S. laptops powered by Qualcomm’s processors which will connect to the internet vide 5G rather than use Wi-Fi. Qualcomm Inc, the largest supplier of mobile phone chips stated, it will collaborate with China’s Tencent Holdings Ltd on projects that could include making Tencent’s video games run…

Brazilian fintech Nubank raises $400 million in 7th funding round

Nubank was valued at more than $10 billion in its latest funding round. In a statement Brazilian fintech startup Nubank stated, it has raised $400 million in a new funding round led by TCV, a U.S. investment firm. Its existing investors include China’s Tencent Holdings Ltd, Ribbit Capital, DST Global, Dragoneer, and Sequoia Capital. Thrive…

Naspers generates $9.8 billion by selling 2% of its stake in China’s Tencent Holdings Ltd

Naspers said the sale was for strengthening its balance sheet and to boost growth in its e-commerce business. On Friday, Naspers, a South Africa-based multinational internet and media group, stated it has raised $9.8 billion by selling 2% of its holdings in China’s Tencent Holdings Ltd. A move, it described as being aimed at strengthening…