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Tencent

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China tightens its grip on the game industry, giants’ shares plummeted 

Chinese regulators have unveiled a set of rules aimed at curbing spending and reward mechanisms associated with video games, dealing a setback to the world's largest gaming market, which witnessed a resurgence in growth this year. The development hit the Chinese-based market giants hard. Tencent and NetEase shares dropped 16 and 25%, respectively.
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Tencent shuts down Team Kaiju

Chinese tech giant Tencent has reportedly closed down its U.S.-based video game studio, Team Kaiju, marking a notable development in its global expansion strategy. 
an image from the tencent headquarters.
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Tencent launches AI service for corporate clients

Tencent enters the AI market by launching its large language model service, catering to sectors like finance and media. The LLM, developed by Tencent Cloud, enables human-like conversations and competes with Baidu and Alibaba's offerings in China's growing AI landscape.