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2023-04-13 01:33:07 ET SoftBank ( OTCPK:SFTBY ) is raising cash by selling the majority of its remaining shares in Chinese internet giant Alibaba ( NYSE: BABA ) amid a downturn in its technology investments and a move to limit its China exposure, the Financial Times repor...
2023-04-12 07:13:03 ET Tencent Holdings ( OTCPK:TCEHY ) has repurchased 930,000 shares for a total transaction value of $353 million, according to a statement dated April 11, 2023. According to the announcement, the shares were acquired for a range of $371.6 to $389.2 per share. ...
Inaugural InnoEX kicks off today HONG KONG, Apr 12, 2023 - (ACN Newswire) - The first-ever InnoEX, jointly organised by the Government of the Hong Kong Special Administrative Region (HKSAR) and the Hong Kong Trade Development Council (HKTDC), which is running in conjunction with the...
2023-04-09 07:02:17 ET Summary Livestream e-commerce is booming in China as the market is growing at close to 40% annually. Tencent is rapidly making inroads in this market as it deepens engagement with its strong user base in China's leading messaging and social media app. Te...
2023-04-04 11:11:45 ET Summary Alibaba will be reorganized into six business groups and other investments, which will help unlock shareholder value and foster market competitiveness. These six business groups will be managed by its own CEO and board of directors and have the abili...
2023-04-03 12:55:37 ET Tencent Holdings ( OTCPK:TCEHY ) was up 1.2% at midday in a mostly lower online entertainment sector, alongside an upgrade to Buy at Loop Capital. The firm has boosted estimates after seeing "encouraging signs in both of the company’s core engines f...
2023-04-01 08:16:00 ET Tencent (OTC: TCEHY) posted its fourth-quarter earnings report on March 22. The Chinese tech giant's revenue rose 0.5% year over year to 145.0 billion yuan ($20.8 billion), which still missed the consensus forecast by half a billion yuan. But its net profi...
2023-03-30 12:32:00 ET Summary Alibaba's biggest overhaul in over two decades might prove contagious. If Alibaba’s approach ends up pleasing both shareholders and regulators, then it will prove hard to resist. Alibaba on March 28 said it plans to split its business into...
2023-03-29 14:42:29 ET Videogame sales rose 6% year-over-year in February, their biggest percentage growth since October 2021, with broad jumps buoyed by sharply higher spending on consoles. Overall sales rose to $4.6B from the previous February's $4.321B, according to Circana (the ...
2023-03-29 12:02:45 ET Summary Alibaba Group Holding Limited announced earlier this week that it intends to restructure the company into six separate units eligible for independent capital raising and IPOs subject to regulatory approval. The company is preparing for a detailed pre...
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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&...