• Home
  • Metro Asian News
  • Misc Asia
  • Lifestyle
  • Business
  • Art
  • Health
  • Eat Out
  • Events
  • Podcasts
ABOUT
Advertise in GAT
Contact us
Thursday, March 23, 2023
Georgia Asian Times
International Insurance of Georgia
  • Home
  • Metro Asian News
  • Misc Asia
  • Lifestyle
  • Business
  • Art
  • Health
  • Eat Out
  • Events
  • Podcasts
  • Login
No Result
View All Result
  • Home
  • Metro Asian News
  • Misc Asia
  • Lifestyle
  • Business
  • Art
  • Health
  • Eat Out
  • Events
  • Podcasts
No Result
View All Result
Georgia Asian Times
No Result
View All Result
  • Home
  • Metro Asian News
  • Misc Asia
  • Lifestyle
  • Business
  • Art
  • Health
  • Eat Out
  • Events
  • Podcasts
Home Business

Tech giant Tencent makes peace with China’s ‘old godmother’

Georgia Asian Times by Georgia Asian Times
July 10, 2020
in Business, Headline
Share on FacebookShare on Twitter

Hong Kong, July 10, 2020 – Chinese tech giant Tencent said it has made peace with the country’s best-known chili oil maker Lao Gan Ma, after an advertising scam that bewildered many and generated a public relations nightmare.

After thorough communication with Lao Gan Ma – which translates as “old godmother” – the two sides have cleared up any misunderstanding and Tencent has apologized for inconvenience and improper handling of the situation, a joint statement on Chinese blogging website Weibo said on Friday.

A Shenzhen court last week said it would freeze 16.24 million yuan ($2.3 million) in assets belonging to Lao Gan Ma at the request of Tencent Holdings Ltd, which had sued the manufacturer for failing to pay advertising fees under a 2019 contract.

Police in the southern city of Guiyang later said they had arrested three people accused of forging Lao Gan Ma’s company seal – used in China to formalize documents – and pretending to be staff from the firm’s marketing department who signed a cooperation agreement with Tencent.

AD: High Museum of Atlanta

The incident drew nationwide attention as netizens poked fun at the idea Tencent’s elaborate video game and esports-related campaigns had served to promote a chili maker.

Tencent said in the statement it has retracted its court application for property preservation and related litigation, and thanked local police for busting the alleged fraudsters.

The two sides would explore formal cooperation, the statement said, without giving details.

Tencent, China’s biggest social media and video game company, is under pressure to maintain high growth of its advertising business as it seeks to weather the disruption caused by the COVID-19 pandemic.

Lao Gan Ma, headquartered in Guiyang, is one of China’s best-known food brands, selling millions of bottles of its red-labelled chili oil at home and abroad annually. – Reuters

Previous Post

Durian-obsessed wild elephant storms into shop in Thailand twice, eats thousands of baht worth of thorny fruit

Next Post

Mayor of South Korean capital found dead after writing apology to ‘everyone’

Georgia Asian Times

Georgia Asian Times

Related Posts

Powell: Fed to keep rates higher for longer to cut inflation
Business

Fed raises key rate by quarter-point despite bank turmoil

March 22, 2023
Google hopes ‘Bard’ will outsmart ChatGPT, Microsoft in AI
Business

Google’s artificially intelligent ‘Bard’ set for next stage

March 22, 2023
Business

Amazon cuts 9,000 more jobs, bringing 2023 total to 27,000

March 20, 2023
Biden insists banking system is safe after 2 bank collapses
Business

Silicon Valley Bank’s demise disrupts the disruptors in tech

March 15, 2023
Honda changing course, will build its own electric vehicles
Business

Honda recalling 500,000 vehicles to fix seat belt problem

March 15, 2023
Biden insists banking system is safe after 2 bank collapses
Business

Biden insists banking system is safe after 2 bank collapses

March 13, 2023
Next Post

Mayor of South Korean capital found dead after writing apology to 'everyone'

Signup Free E-Newsletter

Upcoming Events

Apr 7
8:00 am - 3:30 pm

Symposium on Asia-USA Partnership Opportunities (SAUPO) 2023

May 6
9:00 am - 4:00 pm

GAT AAPI Summit 2023

Jul 14
6:00 pm - 10:30 pm

GAT 25 Most Influential Asian Americans in Georgia 2023

View Calendar
Logo

 

CONTACT US

Follow Us

MOST INFLUENTIAL

GAT 25 Most Influential Asian Americans Gala celebrates Asian voice

GAT 25 Most Influential Asian Americans Gala celebrates Asian voice

July 18, 2022

Video highlights of GAT 25 Most Influential Asian Americans in Georgia

July 17, 2022

2022 GAT 25 Most Influential Asian Americans in Georgia-Awards Gala

July 17, 2022

LINKS OF INTEREST

ATL Asian Film Festival

     

  • Contact Us
  • Advertise in GAT
  • About
  • Privacy Policy
  • Terms of Use

© 2023 Georgia Asian Times - Empowered by 8SOL. Managed by Arckopolis.

No Result
View All Result
  • Home
  • Metro Asian News
  • Misc Asia
  • Lifestyle
  • Business
  • Art
  • Health
  • Eat Out
  • Events
  • Podcasts

© 2023 Georgia Asian Times - Empowered by 8SOL. Managed by Arckopolis.

Welcome Back!

Sign In with Google
OR

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

Subscribe

Stop scrolling through endless social media feeds for news. Sign up for our website FREE Newsletter and get news that matters to you. We filter out fluff, so you don’t have to.

    Loading
    Loading
    Loading
    Loading
    Loading
    Register for FREE to read the rest of this article, or log in to your account.

      Or Login Here :

      Login

      Are you sure want to unlock this post?
      Unlock left : 0
      Are you sure want to cancel subscription?