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Tag: Tencent Holdings Ltd

China’s first global gaming hit sells millions in a week. An early investor shares what’s next

China’s first global gaming hit sells millions in a week. An early investor shares what’s next

September 1, 2024September 1, 2024 · World News

People walk past the image of the ‘Monkey King’ character, or ‘Sun Wukong’ of Chinese action role-playing game ‘Black Myth: Wukong’, developed by Chinese video game company Game…

Read more China’s first global gaming hit sells millions in a week. An early investor shares what’s next
Alibaba Sales Rise 7% After Going Back to Basics

Alibaba Sales Rise 7% After Going Back to Basics

May 14, 2024May 14, 2024 · US News

(Bloomberg) — Alibaba Group Holding Ltd. reported a 6.6% rise in revenue after its main e-commerce and cloud businesses managed only modest growth. Most Read from Bloomberg Revenue…

Read more Alibaba Sales Rise 7% After Going Back to Basics
Reddit pops as much as 70% in NYSE debut after selling shares at top of range

Reddit pops as much as 70% in NYSE debut after selling shares at top of range

March 21, 2024March 21, 2024 · World News

Reddit shares jumped as much as 70% in their debut on Thursday in the first initial public offering for a major social media company since Pinterest hit the…

Read more Reddit pops as much as 70% in NYSE debut after selling shares at top of range
British neobank Monzo raises 0 million in Alphabet-led round to relaunch in the U.S.

British neobank Monzo raises $430 million in Alphabet-led round to relaunch in the U.S.

March 5, 2024March 5, 2024 · Banking

British digital bank Monzo on Tuesday raised $430 million in fresh capital from investors to help it relaunch its services in the U.S. Monzo raised the money in…

Read more British neobank Monzo raises $430 million in Alphabet-led round to relaunch in the U.S.
Alibaba Leads Record Deal to Create .5 Billion China AI Firm

Alibaba Leads Record Deal to Create $2.5 Billion China AI Firm

February 26, 2024February 27, 2024 · Business

(Bloomberg) — Alibaba Group Holding Ltd. led the largest single financing round for a Chinese artificial intelligence startup, the latest in a string of sizeable investments that suggest…

Read more Alibaba Leads Record Deal to Create $2.5 Billion China AI Firm
Stocks Are Dragged Lower by Share Selloff in China: Markets Wrap

Stocks Are Dragged Lower by Share Selloff in China: Markets Wrap

January 7, 2024January 7, 2024 · Business

(Bloomberg) — Stocks in Asia were dragged down by losses in Hong Kong and China amid concern over tighter regulation on the gaming industry and fears the Chinese…

Read more Stocks Are Dragged Lower by Share Selloff in China: Markets Wrap
Alibaba was once a Wall Street darling. After plunging 75% over three years, what's next?

Alibaba was once a Wall Street darling. After plunging 75% over three years, what's next?

January 3, 2024January 3, 2024 · Business

Signage for Alibaba Group Holding Ltd. covers the front facade of the New York Stock Exchange November 11, 2015. Brendan McDermid | Reuters BEIJING — It’s been a…

Read more Alibaba was once a Wall Street darling. After plunging 75% over three years, what's next?
Baidu says its ChatGPT rival Ernie bot now has more than 100 million users

Baidu says its ChatGPT rival Ernie bot now has more than 100 million users

December 28, 2023December 28, 2023 · Business

HANGZHOU, CHINA – NOVEMBER 23: People learn about Baidu’s artificial intelligence (AI) chatbot service ERNIE Bot during the 2nd Global Digital Trade Expo at Hangzhou International Expo Center…

Read more Baidu says its ChatGPT rival Ernie bot now has more than 100 million users
AI boom fails to propel China's cloud market growth

AI boom fails to propel China's cloud market growth

December 26, 2023December 26, 2023 · World News

An AI sign is seen at the World Artificial Intelligence Conference in Shanghai on July 6, 2023. Aly Song | Reuters BEIJING — Excitement over artificial intelligence isn’t…

Read more AI boom fails to propel China's cloud market growth
Tencent, NetEase shares rebound after China regulator's assurance on new rules

Tencent, NetEase shares rebound after China regulator's assurance on new rules

December 26, 2023December 26, 2023 · Business

A mobile phone is displaying the screen of Tencent Games company’s stock plunge in Suqian, Jiangsu Province, China, on December 22, 2023. Costfoto | Nurphoto | Getty Images…

Read more Tencent, NetEase shares rebound after China regulator's assurance on new rules
China's potential new gaming rules will hit smaller developers more, analyst says

China's potential new gaming rules will hit smaller developers more, analyst says

December 24, 2023December 24, 2023 · World News

Mobile games in China range from League of Legends-like Honor of Kings to Source: Apple Inc. BEIJING — China’s proposed gaming rules would hit smaller developers more than…

Read more China's potential new gaming rules will hit smaller developers more, analyst says
Tencent loses over  billion in market value after China proposes new online gaming rules

Tencent loses over $43 billion in market value after China proposes new online gaming rules

December 22, 2023December 22, 2023 · World News

Tencent lost about $43.5 billion in market value on Friday after China surprised financial markets with a fresh set of rules aimed at curbing excessive gaming and spending.…

Read more Tencent loses over $43 billion in market value after China proposes new online gaming rules
'Difficult short term' ahead for the Chinese market due to domestic and foreign factors: Analyst

'Difficult short term' ahead for the Chinese market due to domestic and foreign factors: Analyst

December 11, 2023December 12, 2023 · Real Estate

ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Brian Arcese of Foord Asset Management and Andy Maynard of China Renaissance discuss the factors…

Read more 'Difficult short term' ahead for the Chinese market due to domestic and foreign factors: Analyst
Japanese tech giant Rakuten plans to launch proprietary AI model within next two months

Japanese tech giant Rakuten plans to launch proprietary AI model within next two months

December 10, 2023December 10, 2023 · Business

The logo of Japanese tech giant Rakuten logo seen at the Mobile World Congress 2019. Paco Freire| SOPA Images | LightRocket via Getty Images Japan’s Rakuten plans to…

Read more Japanese tech giant Rakuten plans to launch proprietary AI model within next two months
Portfolio manager explains why he has the ‘most conviction’ in this China tech stock

Portfolio manager explains why he has the ‘most conviction’ in this China tech stock

November 26, 2023November 26, 2023 · Business

Chinese tech players like Baidu , Alibaba and Tencent have largely been viewed favorably by investors, even as the Asian powerhouse has been experiencing slower growth. One tech…

Read more Portfolio manager explains why he has the ‘most conviction’ in this China tech stock
Alibaba Is Only Worth About Half of Tencent as Recovery Lags

Alibaba Is Only Worth About Half of Tencent as Recovery Lags

November 16, 2023November 17, 2023 · Business

(Bloomberg) — Alibaba Group Holding Ltd.’s market value has slumped to only about half that of rival Tencent Holdings Ltd. as the former’s e-commerce-centric business faces sluggish demand…

Read more Alibaba Is Only Worth About Half of Tencent as Recovery Lags
Huawei, Tencent among top cybersecurity patent holders as China fosters own tech, report says

Huawei, Tencent among top cybersecurity patent holders as China fosters own tech, report says

November 5, 2023November 5, 2023 · Business

A Chinese flag flies outside a residential compound in Beijing on April 30, 2017. Greg Baker | Afp | Getty Images Chinese companies have gained ground in global…

Read more Huawei, Tencent among top cybersecurity patent holders as China fosters own tech, report says
Shares of Tencent-backed J&T Express fall in lackluster Hong Kong debut

Shares of Tencent-backed J&T Express fall in lackluster Hong Kong debut

October 26, 2023October 27, 2023 · Business

Courier handing over package asking female customer to do electronic signature, delivering, receiving, efficiency 10’000 Hours | Digitalvision | Getty Images Shares of Indonesia’s J&T Express fell 1.33%…

Read more Shares of Tencent-backed J&T Express fall in lackluster Hong Kong debut
With China playing catchup with the U.S., these 3 charts show the top countries for fintech in 2023

With China playing catchup with the U.S., these 3 charts show the top countries for fintech in 2023

October 25, 2023October 25, 2023 · Banking

Chinese and US flags fly outside a hotel during a 2012 U.S. presidential election results event organized by the US embassy in Beijing on November 7, 2012. Ed…

Read more With China playing catchup with the U.S., these 3 charts show the top countries for fintech in 2023
Veteran EM investor Mark Mobius reveals the 2 tech giants that are key to any portfolio

Veteran EM investor Mark Mobius reveals the 2 tech giants that are key to any portfolio

October 1, 2023October 1, 2023 · Business

Veteran emerging markets investor Mark Mobius has named Alibaba and Tencent as key stocks in any portfolio investing in developing economies. Mobius said the Chinese technology giants “could…

Read more Veteran EM investor Mark Mobius reveals the 2 tech giants that are key to any portfolio
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