China Last Night KraneShares Webinar Today: Join us today for our webinar at 10:00 am EDT. KWEB Volatility Update and Q&A Click here to register. Key News Asian equities posted mild gains while th...
Tag: Tencent
Tencent Dives on Report of Record Fine for Money-Laundering
(Bloomberg) — Tencent Holdings Ltd. extended losses to close more than 10% lower after the Wall Street Journal reported it faces a record fine for violating Chinese anti-money laundering regulat...
Three Of China’s Richest Lose More Than $16 Billion In One Day As Stock Rout Hits Hong Kong-Listed Companies
Tencent cofounder Pony Ma Huateng (Photo by Visual China Group via Getty Images/Visual China Group … [+] via Getty Images) Visual China Group via Getty Images The heavy selloff in Hong Kong stoc...
Tencent to face a record fine for money laundering
Invezz does not provide financial advice. Our aim is to simplify information about investing, enabling each user to make educated decisions with their money and to take control of their financial futu...
Tencent Stock Sinks on Report of Record Money-Laundering Fine
Text size Tencent headquarters in the southern Chinese city of Shenzhen, in Guangdong province. Noel Celis/AFP via Getty Images Tencent Holdings dropped almost 10% after The Wall Street Journal report...
Tencent, Meituan, JD.com, And Kuaishou Lead Hong Kong Internet Rebound
China Last Night KraneShares Key News Asian equities had a mixed day as India, Singapore, Malaysia, and Thailand posted positive returns. Japan, China, and Hong Kong declined and South Korea was close...
Mainland Gives Capitulation Sign As Decliners Outpace Advancers 40 To 1
Key News The wind was howling so loud last night it woke me up as an ill wind was blowing in Asia as equity markets were down overnight apart from India which didn’t get the message that the world is ...
Russia Leads To Risk-Off, Proactive Policies Announced From Dual Sessions
China Last Night KraneShares Key News Asian equities were firmly in the risk-off camp due to the Ukraine/Russia situation, rising oil prices, and potential Fed rate hikes. China and Hong Kong were not...
Chinese Web Giant Tencent Cuts Transaction Fees For SMEs On WeChat
A Chinese vendor stands next to a QR code customers scan to pay via the WeChat app at a local market … [+]t in Beijing, China. (Photo by Kevin Frayer/Getty Images) Getty Images Chinese web giant...
Despite the concerns, Tencent submitted a patent for virtual concerts
Tencent, the Chinese digital behemoth, has extended its metaverse push by submitting a patent for virtual concerts. Tencent decided to do this despite the concerns from Chinese authorities. According ...
Baidu Stock Jumps Even as Earnings Miss Estimates. Here’s What to Like.
Text size Like its peers in the Chinese tech sector, Baidu faces macroeconomic headwinds. Liu Jin/AFP via Getty Images A growing cloud computing and artificial intelligence business at Baidu helped th...
Is The Worst Over For China’s Internet Giants?
Signage displayed at the Alibaba Group Holding Ltd. headquarters in Hangzhou, China, on Monday, Feb. … [+] 21, 2022. (Photo by Qilai Shen/Bloomberg) © 2022 Bloomberg Finance LP China’s largest i...
Semiconductor Stocks Soar, Asia Rebounds
China Last Night KraneShares Key News Asian equities were mostly higher, rebounding from yesterday’s downdraft and ignoring US equities’ decline yesterday. Earnings season kicked off this week in Main...
Tencent Leads China Tech Selloff Amid Fears of Further Crackdown
(Bloomberg) — Chinese technology shares had their worst two-day drop since July due to renewed fears Beijing may roll out more restrictions for private enterprise. Most Read from Bloomberg The c...
PBOC Gets The Green Light To Ease As Inflation Moderates
China Last Night KraneShares Key News Asian equities had a strong day except for India’s small decline on Russia/Ukraine de-escalation hopes. China and Hong Kong had a good day driven by declining Chi...
Wuxi Biologics’ Decline & Global Growth To Value Rotation Continue, Week In Review
China Last Night KraneShares Week in Review A rumor that Alibaba’s registering of 1 billion new shares on Friday was linked to SoftBank selling its stake weighed on China internet stocks on Monday. So...
Here’s What Happened Between China Regulator And Alibaba, Tencent
Motley Fool Why Nvidia Stock Dropped, Popped, and Dropped Again Today After dropping steeply early Thursday morning, then recovering in the late morning, it’s afternoon now, and Nvidia (NASDAQ: ...
UN approves NFT standards initiative led by Tencent
Chinese entertainment conglomerate Tencent has been approved by the United Nations to lead a project exploring the creation of a standard technical and security framework for non-fungible tokens (NFTs...
Alibaba & XPeng Have A Gargantuan Day As Markets Go Green
China Last Night KraneShares Key News Asian equity markets had a very strong night with every market in the green as the majority of markets were up more than +1%. Alibaba jumped as Softbank announced...
China’s JD.com CEO Richard Liu To Donate More Than $2 Billion Of Shares To Charity
Richard Liu, founder and chief executive officer of JD.com Inc., in 2016. Photographer: Qilai … [+] Shen/Bloomberg © 2016 Bloomberg Finance LP One of China’s richest e-commerce entrepreneurs wil...
Regulators’ Internet Symposium Signals Softer Touch
China Last Night KraneShares Key News Asian equities followed the US’ strong Friday performance overnight. China, South Korea, and Taiwan markets were all closed for Lunar New Year while Hong Kong had...
The Year Of The Ox Was A Rough Bull Ride, CSRC Suggests Solution To HFCAA, Week In Review
China Last Night KraneShares Week In Review We have two videos this week. In one, Dr. Xiaolin Chen discusses China’s path to carbon neutrality by 2060. In another, Xiabing Su goes on the ground in Chi...
Powell’s Pessimistic Press Conference Panics Vacation Packing Investors
China Last Night KraneShares Key News The timing of Powell’s hawkish press conference couldn’t be worse for Asian markets as many investors have exited for vacation or are packing their bags for Chine...
Asian Investors Take Risk Off
China Last Night KraneShares Key News Asian equities did not experience a miracle comeback like US markets yesterday as markets were a sea of red with investors taking a risk-off posture driven by Rus...
2021 Winners Win Again Overnight
China Last Night KraneShares Key News Asian equities were largely off though Japan, China, and Taiwan were in the green while India was hit harder than most. Ukraine/Russia tension, Fed hikes, and the...
Hong Kong Stocks Become An Oasis Of Green In A Sea Of Red, Week In Review
China Last Night KraneShares Week In Review China reported Monday that the country’s GDP grew at a better than expected +8% in 2021, though Q4 GDP disappointed at only +4%. Monetary policy easing was ...
PBOC Cuts Loan Prime Rate, Hong Kong Outperforms
China Last Night KraneShares Key News Asian equities had a mixed day as Hong Kong and Japan outperformed and India underperformed. Remember Hong Kong internet outperforming and India underperforming i...