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Tencent ([[TCEHY]],[[TCTZF]]) reports 29% Y/Y Q3 revenue growth to RMB125.44B driven by the 45% increase in online games sales to RMB 44.4B.The media ad segment showed signs of pandemic recovery with a 1% decline compared to the double-digit plunge last quarter.Online ads were up 16% ...
Sohu is an online media and game service group from China. Note that Sohu sold its search division to Tencent for $1.1 billion. Sohu sold the best business division of the company and kept the worst-performing divisions. The question arises about whether the company does not ...
Fisher’s 13F portfolio value increased from $102.5B to $117.8B in Q3 2020. They increased NextEra Energy, UnitedHealth, 3M Company, and Thermo Fisher Scientific while decreasing Starbucks, Total SA, and Royal Dutch Shell during the quarter. Fisher has a number of small posi...
China's new FinTech regulations that halted Ant Financial's IPO could reduce its valuation by as much as $140 billion, according to Bloomberg. Linking to Digital Yuan's pilot launch last month, I argue that the suspension fundamentally reflect regulator's increasing concerns to preser...
Alibaba (BABA) shares are currently down 7% after earlier news that China's State Administration for Market Regulation will seek feedback on draft anti-monopoly rules that target online platforms like BABA and Tencent ([[TCEHY]],[[TCTZF]]).The rules include a variety of anti-monopoly act...
Investors have multiple reasons to seek exposure outside of U.S. equities: an out of control pandemic, high unemployment, high debt, and slow economic growth. Meantime, other regions - specifically China and Asia Pacific - have superior near-term potential, in my opinion. While a ...
Both official and private surveys revealed bullish business sentiment across manufacturing and services sectors. Policy support for electric vehicles sent related stocks soaring. The leading players are supported by the Chinese internet giants. The shock eleventh-hour suspension o...
I wrote previously that risk sentiment was very likely to improve dramatically after the election. Biden is not as "market-unfriendly" as many make him out to be. The rally in equities when he was leading Trump was clear to see. Now that weekend reports have largely confirmed his ...
Ant Group announced the suspension of its blockbuster IPO in both Shanghai and Hong Kong, resulting in an 8.1 percent plunge on Tuesday. The suspension of the IPO was not due to some shenanigans discovered but the release of draft rules stipulating tightened online microlending s...
In China, a four-day meeting among the top leadership of the Chinese Communist Party was the center of attention. In the U.S., the November elections and the worsening pandemic dominated. Market players responded favorably to tech stocks as many of the long-term goals l...
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Cutting-edge technologies at Hong Kong tech fairs attract over 66,000 buyers worldwide HONG KONG, Apr 16, 2023 - (ACN Newswire) - Hong Kong showcased its strengths in innovation and technology (I&T) at a series of innovation and tech fairs, including the first-ever InnoEX co-org...
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...
Inaugural InnoEX promoting Hong Kong's Innovation and Technology Development HONG KONG, Mar 28, 2023 - (ACN Newswire) - Innovation and technology (I&T) play an important role in Hong Kong's development blueprint, especially in the growing demand for smart city technologies and a...