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U.S. Magistrate Judge Laurel Beeler said in a hearing today that she's unlikely to let the U.S. ban Tencent's ([[TCEHY]],[[TCTZF]]) WeChat while the government appeals her preliminary injunction.The Justice Department separately asked the U.S. Court of Appeals in San Francisco to put the...
Distillate Capital cited the ballooning valuations of two tech giants as the reason for selling them in its latest quarterly note to investors.Apple (AAPL) and Microsoft (MSFT) got too rich on a free cash to enterprise value basis - a key metric the value investor watches closely - so it sold...
Almost nine months into the pandemic, majority of the sectors have faced severe headwinds except to name a few.Tech industry is one such which has managed to surface above the water and record higher growth rates compared to normal times.Stay-at-home rules by the government led to a speeding ...
Asian markets cheered President Trump's prompt recovery from his coronavirus infection and his subsequent release from the hospital. Broadly positive travel and consumer spending data of the Chinese amid their Golden Week holiday and the steady China services activity index for Septem...
The company is the largest online streaming gaming platform in China. That is because it has plenty of rich and dynamic content and a quick-n-easy mobile payment system. A pending merger proposal with DoyYu, made by TenCent (which owns significant stakes in both companies), is a p...
Shares of DouYu (NASDAQ: DOYU) popped Monday, trading 9.3% higher as of 1:10 p.m. EDT, while shares of Huya (NYSE: HUYA) had dropped by 12.5% after Huya announced it would acquire rival DouYu. Chinese tech giant Tencent (OTC: TCEHY) , which owns stakes in b...
Chinese live-streaming game platform Huya (NYSE: HUYA) announced today that it has agreed to acquire rival DouYu International Holdings (NASDAQ: DOYU) in a deal that values DouYu at $6 billion. But it is Tencent (OTC: TCEHY) that comes out the big winner since it own...
The S&P 500 is climbing back into bubble territory, now 35% overvalued and analysts expect very weak 4.1% CAGR long-term returns from stocks. Fortunately, quality blue-chips for any goal, need and risk profile are always available at reasonable to attractive valuations, if you kno...
The global autonomous vehicle [AV] market demand is expected to reach 4.2 million units by 2030, expanding at a CAGR of 63.1% from 2020 to 2030. AV revenues will be spread across several areas such as the software developers, hardware developers, the EV companies selling EV fleets, an...
Are These Video Gaming Stocks On Your Watchlist? The novel coronavirus pandemic has set many video game stocks on fire right now. This came as restrictions were imposed at the height of the pandemic to curb the spread of the virus. As a result, video gaming has emerged as th...
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Tesla Inc (NASDAQ:TSLA) may install 85,000 Nvidia Corp (NASDAQ:NVDA) H100 chips by year-end to train its artificial intelligence (AI...
2024-04-22 16:37:47 ET Shares of Chinese stocks, including Tencent (OTC: TCEHY) , PDD Holdings (NASDAQ: PDD) , and JD.com (NASDAQ: JD) , rallied to start the week, up 5.4%, 9.5%, and 5.8%, respectively, as of 3:50 p.m. ET Monday. The synchronous rise in Chinese s...