Tag Archives: Tencent

Tricor Group Welcomes Former Tencent, Microsoft and Yahoo Internet Veteran as Group Chief Technology Officer

HONG KONG–(BUSINESS WIRE)–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… Source link

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Tencent Faces Broad China Clampdown on Fintech, Deals

(Bloomberg) — Pony Ma’s Tencent Holdings Ltd. has been put on notice. Asia’s largest conglomerate was censured by China’s antitrust watchdog on Friday as Beijing expands a crackdown that began with Jack Ma’s online empire. The token fine is just the beginning. China’s top financial regulators see Tencent as the next target for increased supervision after the clamp down on Jack Ma’s Ant Group Co., according to people with knowledge of their thinking. Like Ant, Tencent will probably… Source link

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Tencent Shares Tumble After Approaching $1 Trillion Valuation

(Bloomberg) — Tencent Holdings Ltd. slumped after a world-beating surge in the stock pushed its market value to the cusp of $1 trillion for the first time. The Chinese Internet behemoth lost 6.3% in Hong Kong on Tuesday, putting its market capitalization below $890 billion. Traders took profit after Monday’s 11% rally, which was Tencent’s biggest in almost a decade. Adding to the caution were comments by an adviser to China’s central bank at a conference, reported by local media,… Source link

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