Tencent cofounder Pony Ma (Photo by Xaume Olleros/Bloomberg) © 2016 Bloomberg Finance LP Alibaba and Tencent, the twin pillars of China’s once-booming internet sector, have long had reputations for ey...
Tag: Tencent
Tencent Q2 2022 Financial Report Falls Short of Revenue Forecasts for First Time Due to Covid Resurgence, Gaming Regulation
Tencent ascribed its disappointing Q2 2022 report due to a number of macroeconomic factors. These include Covid resurgence-induced lockdowns and tighter gaming laws for minors Tencent recently posted ...
Tencent Rumored Meituan Sale Weighs On Hong Kong, Can The China Real Estate Phoenix Rise From The Ashes?
China Last Night KraneShares Key News Asian equities were largely higher as the Philippines had a strong day while Japan and Hong Kong were off. Hong Kong was up through mid-day/intra-day with a high ...
Alibaba, JD.com, and Bilibili Fall on Report Tencent to Sell Meituan Stake
Text size Tencent holds a 17% stake in food delivery company Meituan. GREG BAKER/AFP via Getty Images Alibaba, JD.com and some of China’s biggest companies saw billions wiped off their value Tuesday...
Tencent Shuts Down China NFT Platform Citing Increasing Scrutiny
Chinese social media giant Tencent Holdings has closed its non-fungible tokens (NFT) platform Huanhe after just one year of operation. The move comes as regulatory scrutiny of NFTs mounts in the count...
Economy Takes Center Stage, Prompting The PBOC To Take Action
China Last Night KraneShares Key News Asian equities were mixed overnight as India was closed for Independence Day and South Korea was closed for Liberation Day. Mainland China and Hong Kong both boun...
Why SOE ADR Delisting Is A Good Thing, Real Estate Policy Lifts Sector, MSCI’s Quarterly Index Review, Week In Review
China Last Night KraneShares Week in Review Asian equities were largely higher this week as China released better-than-expected trade data, indicating that the global economy could be recovering somew...
Mainland Moves As Apple Ecosystem Flies And Hong Kong Shorts Scramble
China Last Night KraneShares Key News Asian equities followed yesterday’s strong move in US equities higher. Japan missed out on the fun as it was on holiday for Mountain Day, which according to Wikip...
Alibaba’s Softbank Overhang Clarified As Foreigners Fret
Key News Asian equities were a sea of red on light volumes as South Asia held up slightly better than North Asia following the US equities meltdown yesterday. After the Hong Kong close, Alibaba and So...
GM Outsells Tesla In July As Semiconductors & Clean Tech Outperform
Key News Asian equities were largely higher on light volumes. Japan and Hong Kong were off slightly while India (Moharram), Pakistan (Ashura), and Singapore (National Day) were closed for the holiday....
Baidu To Offer Robo Taxis In More Cities, Alibaba Prepares For Southbound Connect Eligibility
China Last Night KraneShares Key News Asian equity markets were largely higher on light summer volumes as Pakistan was closed for Ashura, an important Islamic holiday that occurs on the tenth day of M...
Why Not To Worry, China Chip Stocks Rally, Week In Review
China Last Night KraneShares Week in Review Asian equities ended a volatile week mostly higher as China released mixed economic data showing that the services economy expanded above expectations while...
Tencent Eyes Bigger Stake in Ubisoft to Become Largest Single Shareholder
While Ubisoft is at a market valuation of about $5.3 billion, sources revealed based on an internal discussion that Tencent could offer up to 100 euros (101.84) per share to buy a bigger stake. Chines...
Alibaba Beats As Hong Kong Internet Rebounds & Defense Stocks Fall
China Last Night KraneShares Alibaba Q2 Earnings Overview Alibaba beat on the big three numbers investors and analysts care about: Revenue, Adjusted Net Income, and Adjusted EPS. YES, year over year, ...
Hong Kong Internet High In Advance Of Alibaba’s Results As Caixin Services PMI Exceeds Expectations
China Last Night KraneShares Key News Asian equities had a positive day on light summer volumes except for Mainland China. Pelosi’s Taiwan visit did not spark World War III as some had feared. Plane t...
Alibaba and Tencent Face End of an Era as Sales Start to Shrink
(Bloomberg) — For almost a decade, Alibaba Group Holding Ltd. and Tencent Holdings Ltd. embodied China’s economic miracle, sustaining a dizzying pace of growth and approaching trillion-dollar va...
Risk Off Ahead Of Taiwan Trip
China Last Night KraneShares Key News Northern Asia equities, i.e., Japan, China, Hong Kong, Taiwan, and South Korea, had a significant risk-off day while Southern Asia held up surprisingly well. Nanc...
Logitech and Tencent games partner to advance handheld cloud gaming
Logitech G, a brand of Logitech (NASDAQ: LOGI), and Tencent’s (OTCPK: TCEHY) Tencent Games announced a partnership on August 2 to bring cloud gaming handheld to market in Q4 of this year. In particula...
Mainland Markets Shake It Off, Hong Kong Holds Up
China Last Night KraneShares Key News Asian equities had a positive start to the week except for Taiwan, which was off a touch. Mainland China media is reporting Nancy Pelosi is likely to visit Taiwan...
Rescue Fund Powers Real Estate Rebound
China Last Night KraneShares Key News Asian equities were a sea of red on light volumes following the US equity market’s Friday fall in advance of the Fed’s anticipated 75bps interest rate hike. Hong ...
Tech Giant Tencent Reportedly Shutting Down ‘Huanhe’ NFT Platform
58 mins ago | 2 mins read NFT News The platform’s commercial potential is reported to have been harmed by prohibitions. It was built by Tencent’s Platform and Content Group (PCG). According to a repor...
Chinese Tech Giant Tencent to Shut Down NFT Platform Amid Trading Restrictions – Bitcoin News
China’s Tencent Holdings plans to shut down its non-fungible token (NFT) platform Huanhe only a year after its launch. The social media giant has reportedly made the decision because of the strict ban...
China’s Clean Energy Push Grows, Week In Review
China Last Night KraneShares Week in Review Asian equities started the week on a strong note except for Japan, which was off for Marine Day, a national holiday meant to give thanks for the ocean’s bou...
NetEase Surges On Game Approval, Baidu Introduces Fully Autonomous SUV
China Last Night KraneShares Key News Asian equities were mixed overnight on light volumes as the summer lull is in full effect. Hong Kong was largely down, led by Tencent -1.36%, Meituan -2.21%, and ...
Hong Kong Internet Stocks Rally On Didi Follow Through & HFCAA Window Potentially Not Shortening
China Last Night KraneShares Key News Asian equities had a strong performance overnight though we should curb our enthusiasm slightly as volumes were light. Hong Kong internet stocks had a strong nigh...
Tencent Head of Insurance to Join Animoca Brands –
Animoca Brands had as of late indented up its valuation to almost $6 million after the raising money round recently Animoca reportedly secured $75 million in a funding round in July Animoca’s valuatio...
Didi To Resume Normal Operations, Hong Kong Volumes Plummet
China Last Night KraneShares Key News Asian equities posted mixed results on light volumes as summer doldrums kicked in. The WSJ reported that “according to people familiar with the issue,” Didi will ...
Policy Support For Clean Energy & Real Estate Lifts Stocks
China Last Night KraneShares Key News Asian equities started the week on a strong note except for Japan, which was off for Marine Day, a national holiday meant to give thanks for the ocean’s bounty. M...
Tencent NFT Marketplace Closes Down Due To Harsh Gov Policy
Tencent has stopped operations on one of its NFT platforms. The step was taken following the requirement for transformation and adjustments in the business. It is the publisher of the battle royale ga...