The Latest Breaking News from Nasdaq

Key Takeaways: 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 buy back its shares By Fai…

  Turquoise Hill Resources Ltd. (NYSE: TRQ) climbed 25% to $29.14 after Rio Tinto Group raised its offer to buy out Turquoise Hill Resources.

Gainers Bird Global, Inc. (NYSE: BRDS) shares rose 25.2% to $0.54 in pre-market trading. Bird secured permit extensions and expanded to new U.S. cities.

  Companies Reporting Before The Bell • CNFinance Hldgs (NYSE:CNF) is estimated to report quarterly earnings at $0.03 per share on revenue of $69.74 million.

Pre-open movers

Gainers

Electric-vehicle stocks plunged in Hong Kong on Wednesday morning, with Tesla Inc (NASDAQ: TSLA) rival XPeng Inc tumbling over 10% after posting a quarterly net loss that more than doubled.

Video communications company Zoom Video Communications Inc (NASDAQ: ZM) reported earnings per share (EPS) that beat Street estimates and revenue which missed Street estimates on Monday. Analysts sized up the latest quarterly report and the company’s guidance.

Kynikos Associates founder and legendary short seller Jim Chanos announced a short position in Coinbase Global Inc (NASDAQ: COIN) in March with the stock trading