China Last Night KraneShares Week in Review It has been a difficult week for markets globally as the US and Asia saw sharp equity declines on recession fears in the US and a higher-than-expected infla...
Tag: Tencent
Tencent Shuts Down NFT Platform, Blames Unfavourable Government Policies
Despite that NFTs are not banned in China, stringent government policies have made it practically impossible, even for NFT businesses to thrive there. China’s news giant Tencent has reportedly closed ...
Tencent shuts down NFT platform as gov policy makes it impossible to thrive
China’s internet giant Tencent has reportedly shut down one of the two nonfungible token (NFT) platforms owing to declining sales aided by the regressive monetary policies of the Chinese government. T...
Growth Stocks Rule The Day As Value Sectors Underperform
China Last Night KraneShares Key News Asian equity markets were mixed overnight, as growth stocks outperformed in the region. The growth stock and growth sector outperformance occurred in Hong Kong an...
Tencent closes NFT platform because of government policy –
– Advertisement – As a result of government regulation, Tencent has decided to shut down its NFT platform According to Blue Whale Finance, Tencent News disbanded its NFT trading function n...
Alibaba And Tencent Fined In China Tech Crackdown
Getty Images Key takeaways Stocks in China plunged Monday as the country’s anti-monopoly authority announced multiple fines for failure to report past merger activities Alibaba and Tencent (a Chinese ...
Solar Stocks Shine As New Video Game Approval Lifts Hong Kong Internet Stocks
China Last Night KraneShares Key News Asian equities were mixed as Taiwan had a strong day, the Philippines underperformed, and Thailand had a market holiday for Asarnha Bucha Day, which according to ...
Foreigners Freak Out About COVID Outbreak
China Last Night KraneShares Key News Asian equities were largely lower though Japan outperformed while several countries were off for Eid al-Adha, which is the most important holiday celebrated in Is...
Tencent, Alibaba and Didi fined by China antitrust watchdog for unreported merger deals as early as 2011
China’s antitrust watchdog on Sunday announced it had punished Tencent Holdings, Alibaba Group Holding and Didi Global, among others, for failing to report past merger deals for anti-monopoly re...
China Tech Stocks Fall After Beijing Fines Alibaba, Tencent
By Yifan Wang Shares of Chinese tech giants fell in Hong Kong on Monday, after Beijing fined some of the country’s largest internet companies for failing to make proper antitrust declarations on...
China Tech Stocks Sink as Alibaba, Tencent Suffer Fresh Fines
(Bloomberg) — Chinese tech stocks fell sharply Monday, weighed by a selloff in Alibaba Group Holding Ltd. and Tencent Holdings Ltd. after the two firms received a regulatory fine on past transac...
Alibaba HK Above 200-Day Moving Average For 1st Time Since February 2021, Week In Review
China Last Night KraneShares Week in Review Asian equities were mixed this week as some markets rebounded such as South Korea and a handful of internet stocks, especially Alibaba, continued their rebo...
EV Tax Exemption And Policy Support Lift Clean Technology Ecosystem
China Last Night KraneShares Key News Asian equities rebounded yesterday, with yesterday’s worst performers among today’s best performers as Taiwan gained +2.51% and South Korea gained +1.84%. China a...
Markets Take Breather
China Last Night KraneShares Key News Asian equities were largely lower while India and the Philippines outperformed. Hong Kong and China were off as recent outbreaks in several cities raise lockdown ...
Chinese Tech Giants Alibaba, Tencent to Require ID Checks for NFT Purchases
Tencent, Ant Group, Baidu, JD.com, and several other leading Chinese tech companies last week issued a “self-disciplined development proposal” for the “digital collectible industry” that would introdu...
QQ music software of Tencent tested its first NFT avatars and the “virtual music” room
Tencent tested its first NFT avatars and the “virtual music” room. The average price of one PFP will be 0.88 yuan. Tencent is a world-famous tech giant established and headquar...
Chinese tech giants including Tencent and Ant Group pledge to ban NFTs
Leading Chinese tech companies, including Tencent, JD.com and Ant Group, have pledged to ban non-fungible tokens (NFTs) and crypto marketplaces as part of the country’s latest wave to outlaw the digit...
Chinese Equities Outperform Asia For The Day, Week, Month & Quarter
China Last Night KraneShares Key News Asia ended the month with a thud except for China which is fitting as China and Hong Kong equities were the only positive markets for the month. For Q2, China and...
Profit Taking Hits Despite Travel Booking Bonanza Post Quarantine Easing
China Last Night KraneShares Key News Asian equities were a sea of red following the US equity downdraft yesterday. China and Hong Kong were hit with a round of good old fashion profit taking in advan...
Trip.com Financial Results Beat & Benefits From China Covid Easing
China Last Night KraneShares Key News Asian equities were largely higher as China, the Philippines, and Malaysia outperformed. Hong Kong and China both opened lower but did a mid-day 180 as reports ca...
Tencent Leads China Tech Losses as Major Backer Plans to Cut Its Stake
(Bloomberg) — Chinese technology stocks fell as a plan by Tencent Holdings Ltd.’s major backer to further cut its stake in the company fueled concerns more investors may look to take profits fol...
Dutch Treat For JD, Hong Kong Internet Gains
China Last Night KraneShares Key News Asian investors did not forget about Fed Chair Powell’s less aggressive comments on interest rate hikes on Friday as equities had a strong start to the week, exce...
Tencent wants to be foreign automakers’ go-to company for EVs in China
BMW’s iX electric SUV in China was the first global car brand to include the automobile version of Tencent’s WeChat messaging app, according to the Chinese tech company. Tencent BEIJING — ...
Alibaba Leads Hong Kong Internet Charge, Week In Review
China Last Night KraneShares Week in Review Asian equities were mixed this week as South Korea faltered and China markets gained, especially the internet sector, which saw a major improvement in senti...
JD And Alibaba Lead Internet Rally, PBOC Accepts Ant’s Financial Holding Company Application, Week In Review
China Last Night KraneShares Week in Review Hong Kong and Mainland China were the only markets in Asia with positive performance for the week. Southbound Stock Connect volumes were elevated on Monday ...