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Nuverse, the video game unit of ByteDance (BDNCE), will acquire Chinese game studio Moonton Technology to increase its competitive footing against gaming giant Tencent ([[TCEHY]],[[TCTZF]]).Reuters sources say the deal is valued at around $4B.Moonton was founded by a former Tencent employee a...
The OGIG ETF invests in "internet giants" across the globe that derive the majority of their revenue via the e-commerce and internet sectors. OGIG significantly out-performed the broad market over the past year, but is now down 15%+ since the market began rotating out of "growth" and ...
There were so many constructive developments surrounding Chinese internet companies recently that were misconstrued as anything but positive. Despite a barrage of negative media coverage on Alibaba, the stock proved to be resilient, even amidst the rotation out of tech names. ...
Autonomous vehicle startup Momenta has raised $500M in in a funding round that included Toyota (TM), Chinese auto giant SAIC, Daimler AG, Bosch, and Tencent (]]TCEHY]],[[TCTZF]])Momenta takes a "two-legged" approach to autonomous driving, working on both the semi-autonomous mass-production pa...
Alibaba's stock has been unjustly hurt by the news coming out of China. Upon further inspection, it looks like BABA actually could stand to gain from the CCP's new antitrust policy. Lastly, I believe the Ant Financial IPO could be the catalyst that BABA needs. For further de...
Over the last few months, I’ve written a series of articles on software as a service (SaaS) firms and their stocks, and especially those that pass the Rule of 40. The Rule of 40 (R40) balances sales growth and profitability in hyper-growth SaaS companies, and we have found as a...
The Cyberspace Administration of China is now focusing on voice software security in its crackdown of the internet sector. The watchdog has called in 11 companies, including Alibaba (BABA) and Tencent ([[TCEHY]],[[TCTZF]]) for talks concerning voice-based social media and deepfakes, a ty...
7,000 international participants attend FILMART Online HONG KONG, Mar 18, 2021 - (ACN Newswire) - Organised by the Hong Kong Trade Development Council (HKTDC), the HKTDC Hong Kong International Film and TV Market | Online (FILMART Online) attracted nearly 7,000 industry partic...
Alibaba (BABA) plans to set up a version of its TaobaoDeals app that can operate on rival Tencent's ([[TCEHY]],[[TCTZF]]) WeChat social network in a concession to Chinese regulators cracking down on tech company overreach.Bloomberg sources say Alibaba has already started to invite some m...
Tencent ([[TCEHY]]],[[TCTZF]]) shares fell 4.4% on Friday and dropped over 4% during Monday trading in Hong Kong, finishing up the day down 3.5%.The over $60B pullback has essentially wiped out the value of its fintech and payments business, which Bernstein puts at a $105-120B valuation.Last ...
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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...