China Last Night KraneShares Key News Asian equities were largely higher. Mainland China was off, and Australia returned from yesterday’s holiday off -2.08% as commodity prices retreated. Two key piec...
Tag: Tencent
Tencent-Backer Prosus Invests In Kuok Meng Ru’s BandLab As Music Platform Accelerates Expansion
Kuok Meng Ru, cofounder of Bandlab, poses for a photo at a Swee Lee Holdings music store in … [+] Singapore, on July 15, 2016. Kuok, son of billionaire and Wilmar International cofounder and CEO...
Tencent Joins Investors in Funding UK Fintech Firm Previse
As a multi-billion dollar conglomerate, Tencent is spreading its tentacles to a number of emerging technologies to boost its role as a pioneer in the Chinese internet ecosystem. Chinese multinational ...
Hong Kong-Listed Internet Stocks Bounce As Asian Investors Note Positives, Week In Review
China Last Night KraneShares Week in Review Asian equities had an off week as Hong Kong had a short week due to Easter Monday. According to a release Monday, China’s GDP grew by +4.8% year-over-year i...
Markets Wait For PBOC, Internet Stocks Play Catch Up
China Last Night KraneShares Key News There was a strong storm in NYC last night. The wind howled like a hurricane, waking me up several times. My patchy sleep was similar to Asian markets, which were...
Profit At Warren Buffett-Backed EV Maker BYD Soared In First Quarter
Warren Buffett’s Berkshire Hathaway owns 7.7% of China EV maker BYD. (Photo by Dimitrios … [+] Kambouris/Getty Images) Getty Images BYD, the China-based vehicle and battery maker backed by...
Tencent nears launch China’s CBDC wallet with WeChat integration
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Tencent Nears Launch of Digital Yuan Wallet-WeChat Integration
Tencent, China’s leading tech company has dropped a sneak peek of its new Digital Yuan wallet that it plans to launch as part of the WeChat ecosystem. With over 1.2 billion monthly active users, WeCha...
Premier Li’s Post-Close Consumption Push
China Last Night KraneShares Key News Asian equities were mixed overnight as Japan was up, Taiwan was ahead of Taiwan Semis earnings tomorrow, South Korea rebounded, and Mainland China was off. Hong K...
China Resumes Online Games Approval, Ending Eight-Month Hiatus
Pony Ma Huateng, chairman and chief executive officer of Tencent Holdings Ltd.(Photo by Visual China … [+] Group via Getty Images/Visual China Group via Getty Images) Visual China Group via Gett...
Tencent Soars After China Ends Eight-Month Gaming Freeze
(Bloomberg) — Tencent Holdings Ltd. surged more than 5%, joining the rest of China’s gaming industry in a rally after regulators approved the country’s first batch of new titles in more than eig...
U.S. Tells Citizens “Do Not Travel” To Shanghai, Hong Kong Due To Covid Restrictions
Residents have swab samples collected in a round of Covid-19 testing during a lockdown in Shanghai … [+] on April 7. As much of the world moves on from the pandemic, desperate scenes seeping out...
Algorithm Angst, Value Outperforms Growth, Week In Review
China Last Night KraneShares Week in Review Asian equities saw another choppy week of trading as earnings season wrapped, and investors assessed the risks presented by covid lockdowns in China. Howeve...
China Investment In U.S. To Remain Low Amid Pandemic, Invasion Fallout: Rhodium Group
Internet heavyweight Tencent’s purchase of shares in Universal Music Group was one of China’s … [+] largest investments in the U.S. last year. Photographer: Bing Guan/Bloomberg © 202...
JD’s Founder Steps Back As Fed Fears Weigh On Sentiment
China Last Night KraneShares Key News Asian equity markets followed the US market’s southward trajectory overnight, following the Fed confirming rising rates and balance sheet contraction. If one were...
Fed Fears Weigh On Foreign Sentiment Though Not Chinese Sentiment
China Last Night KraneShares Key News Thailand chose the right day to be on a market holiday as Asian equities took a one-two punch from Fed Gov Brainerd’s statement that US interest rates will rise i...
The 10 Richest Chinese Billionaires 2022
Fortunes of the Middle Kingdom’s wealthiest tycoons mostly fell over the past year as stocks declined and the Chinese government tightened its grip on tech companies. After a record-setting 2021, Chin...
Buyback Bonanza As Regulators Talk About Talking
China Last Night KraneShares Key News Asian equities were largely off overnight. The SEC added Weibo, Baidu, iQIYI, and three other China ADRs during US trading hours to their HFCAA non-compliant list...
“In The Midst Of Chaos, There Is Also Opportunity.” -Sun Tzu
China Last Night KraneShares Key News Tuesday night the Senate passed the America COMPETES Act (HR 4521). I will refrain from commenting on the bill, though US taxpayers should look at how their tax d...
TikTok Rival Kuaishou Beats Expectations As Hong Kong Internet Gains
China Last Night KraneShares Key News Asian equities had a strong day on Ukraine peace talks in Turkey while China was off though not significantly. The Hang Seng Index gained +1.12% led by Hong Kong ...
Meituan Leads Hong Kong Internet Rebound
China Last Night KraneShares Key News Asian equities were mixed as the Hang Seng outperformed, gaining +1.31% led by internet stocks as the Hang Seng TECH Index gained +2.62%. Meituan (3690 HK) jumped...
Nio And Meituan Under Pressure As Investors Ask “Where’s The Beef?”, Week In Review
China Last Night KraneShares Week in Review Asian equities saw choppy trading this week as geopolitics and higher commodity prices continued to present risks and growth/internet stocks saw some pressu...
Trip.com Beats Expectations Following Tencent’s Tumble
China Last Night KraneShares Key News Asian equities were mixed overnight after a choppy US equity session yesterday in advance of NATO talks on Ukraine. The US reinstated tariff exemptions on 352 Chi...
Billionaire Pony Ma Vows Long-Term Growth For Tencent Amid China Tech Crackdown
Ma Huateng, chairman of Tencent Holdings Ltd.(Photo by Justin Chin/Bloomberg) © 2019 Bloomberg Finance LP Pony Ma, the billionaire co-founder of Chinese web giant Tencent, has vowed to reposition his ...
Tencent Stays in Beijing’s Sights Even After $490 Billion Drop
(Bloomberg) — Bigger job cuts. A fintech revamp. A drought of new games. If China’s crackdown on its giant tech sector is finally easing up, Tencent Holdings Ltd. has yet to feel it. Most Read f...
Chinese Internet Giants Tencent And Alibaba Are Tightening NFT Rules, Here’s Why
Chinese internet giants Tencent and Alibaba have tightened certain rules on their respective NFT marketplaces, as part of preemptive measures to avoid any further regulatory crackdowns in the country....
Tencent Reports Q4 Financial Results With An Eye To The Future
China Last Night KraneShares Tencent Q4 Earnings Overview Tencent reported Q4 financial results after the Hong Kong close. 2021 was described as a “challenging year” while the industry is going throug...
China’s Tencent exploring a financial holding company for WeChat Pay
An image of WeChat Pay in action. Zhang Peng | LightRocket | Getty Images Chinese tech giant Tencent is exploring whether regulators will require it to create a financial holding company to house is f...
Alibaba Buys Back Big, Reuters Reports US-Listed Companies Preparing For PCAOB Review
China Last Night KraneShares Key News Asian equities were largely higher despite the US’ Fed Chair driven downdraft led by Hong Kong, Japan and India. Alibaba (BABA US, 9988 HK) announced it would inc...
A Quiet End To A Wild Week, Week In Review
Week in Review This week saw heightened volatility in the internet sector as the Hang Seng TECH Index was down over -11% on Monday as Asian investors appeared to be taking the Holding Foreign Companie...
Top Asian Film Markets Wrap Up Project Funding And Sales
The Hong Kong – Asia Film Financing Forum handed out 14 prizes to new film projects. Courtesy of HAF The Hong Kong-Asia Film Financing Forum (HAF) wrapped up its 20th edition this week, alongsid...