Tag Archives: Tencent

[unable to retrieve full-text content]Tencent Beats Estimates After WeChat, Video Lift Ad Growth  Yahoo Finance Source link

The latest research on “Mobile App Distribution Report 2022” offered by MRA provides a comprehensive investigation into the geographical landscape, industry size along with the revenue estimation of the business. Additionally, the report also highlights the challenges impeding market growth and expansion strategies employed by leading companies in the “Market”. Mobile App Distribution market competition by TOP Players are: Apple, Google, Huawei, Samsung, XiaoMi, Tencent,… Source link

(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 following a strong rally. Most Read from Bloomberg The Hang Seng Tech Index slid as much as 2.9% Tuesday, the most since June 22, before paring some losses. Tencent slumped as much as 5.8%, the most in nearly six weeks, after Prosus NV on Monday said it intends to sell more of the mobile gaming… Source link

(Bloomberg) — Prosus NV is planning to sell more of its $134 billion stake in Chinese internet giant Tencent Holdings Ltd. to finance a buyback program, reversing a pledge to hold onto the full shareholding. Most Read from Bloomberg Tencent declined in Hong Kong on Monday as investors pondered the extent to which Prosus, the Chinese company’s biggest shareholder, will unload its stock. The shares fell as much as 2.5% and traded 1.6% lower at the close. “We will keep selling Tencent shares… Source link

(Bloomberg) — Tencent Holdings Ltd. and Netease Inc. shed more than $60 billion of value as investor fears grow that Chinese regulators are preparing to tighten their grip dramatically on the world’s largest gaming industry. Chinese regulators summoned industry executives to a Wednesday meeting to instruct them to break their “solitary focus” on profit and prevent minors from becoming addicted to games, according to the official Xinhua News Agency. Regulators also said there will be a… Source link

(Bloomberg) — Tencent Holdings Ltd. dived as much as 11% Tuesday after an offshoot of China’s official news agency decried the “spiritual opium” and “electronic drugs” of games, prompting the country’s largest corporation to declare the possibility of banning kids under the age of 12 from playing altogether. The twin developments stoked fears Beijing will next set its sights on online entertainment after reining in the e-commerce, ride-hailing and online education industries…. Source link

(Bloomberg) — Tencent Holdings Ltd. was ordered to give up exclusive music streaming rights and pay half a million yuan in fines, becoming the latest Chinese internet giant to be brought to heel by regulators. An official investigation found Tencent’s 2016 acquisition of China Music Corp.’s stakes violated regulations partly because of a lack of reporting to authorities, according to a statement by the anti-trust watchdog on Saturday. The State Administration for Market Regulation… Source link

TipRanks 3 Monster Growth Stocks That Are Still Undervalued A lackluster jobs report didn’t derail the markets last week. New jobs in April totaled only 266,000, far below the 978K expected, and the official unemployment rate, which had been predicted to come in at 5.8% actually ticked up slightly to 6.1%. Even so, the tech-weighted NASDAQ gained 0.88% in Friday’s session, the broader S&P 500 was up 0.75% at the end of the day. These gains brought the S&P to a new record level, with a… Source link

Bloomberg U.K.’s Giant Battery Factory Developer Looks for a SPAC Deal (Bloomberg) — Britishvolt Ltd., the developer of the first giant battery factory in the U.K., is considering going public.The company has appointed Guggenheim Securities LLC and Barclays Plc as advisers to look into options including listing in the U.S. through a merger with a special purpose acquisition company, or SPAC, Orral Nadjari, founder and chief executive officer of Britishvolt, said in an interview. The deal… Source link

Tricor Group (Tricor), Asia’s leading business expansion specialist providing integrated business, corporate, investor, human resources and payroll, corporate trust and debt services and strategic business advisory, operating in 21 countries and jurisdictions with over 2,700 associates globally. In October 2020, we hired a Chief Digital Officer to accelerate efforts to advance our external customer facing platform and technology. In 2021, Tricor Group is continuing to make further investments… Source link