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Summary After news surfaced on September 6th that Tencent is set to double its stake in Ubisoft Entertainment SA, Ubisoft stock lost as much as 17.5%. In my opinion, the Tencent/Ubisoft deal implies a negative cross-read for investors. Acknowledging Tencent’s increased ...
InvestorPlace - Stock Market News, Stock Advice & Trading Tips Chinese multinational technology firm Tencent (OTCMKTS: TCEHY ) generated headlines when it effectively increased its stake in popular video game developer Ubisoft (OTCMKTS: UBSFY ), sending TCEHY stock slightly hig...
Summary Our 3-step process focuses on wide-moat stocks (as per Morningstar’s rating). We are only interested in those targets that are attractively valued in historical comparison. We share the heat map of the most investable candidates that may be worth your time for f...
Summary Microsoft is fortifying and making Xbox Game Pass better by increasing its value by adding more games & benefits. This means that more players will likely subscribe to the game pass because of the benefits and perks. Xbox Game Pass has 25 million subscribers. I bel...
InvestorPlace - Stock Market News, Stock Advice & Trading Tips Considering the slowdown in the world’s second-largest economy, it’s probably the right time to think about some Chinese stocks to sell. China barely escaped contraction during the second quarter as consumer...
InvestorPlace - Stock Market News, Stock Advice & Trading Tips Source: StreetVJ / Shutterstock.com Tencent (OTCMKTS: TCEHY ) is in focus after the company announced tentative plans to divest up to $14.5 billion of investments. While the multinational conglomerate is mainly ...
Summary Reuters reported Tencent might sell some or all of its Meituan holdings this year, though Tencent called the report ‘inaccurate’. Some think Tencent might sell other stakes in its more than 70 U.S.- and Hong Kong-listed portfolio companies to raise funds to b...
Regulators have reasons to block Microsoft's deal with Activision Blizzard or put forward their own demands. If the deal fails, Microsoft will lose a very important building block for building the metaverse. Microsoft's strong position in the gaming market will not be that strong ...
Once a darling among investors, Tencent Holdings Limited (OTC: TCEHY) has seen enormous selling pressure lately. The Chinese government crackdown on tech companies, the weaker economy, and reduction by its major shareholder Prosus are a few factors driving its share price lower....
Tencent is a global technology giant which is the Chinese market leader in Social Media and Gaming. Often called the "Facebook of China," Tencent's revenue declined by 3% in the second quarter, which was driven by the cyclical gaming and advertising market. The company is poised t...
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Tencent Launches Immersive Digital Experience of Newest World Heritage Site with Gametech PR Newswire The Beijing Central Axis is now ready for digital visitors from around the world SHENZHEN , China , July 27, 2024 /PRNewswire/ -- Tencent (0700.HK...
Tencent Deploys AI to Help Researchers Decipher Hidden Meanings in Oracle Bone Scripts PR Newswire Online research platform Oracle Bones Corpus welcomes contributions from researchers and enthusiasts SHENZHEN, China , May 28, 2024 /PRNewswire/ -- Tencent&...