The Latest Breaking News from TCEHY

Despite facing several challenges, the Chinese economy has demonstrated exceptional resilience lately. With several stimulus measures in place and the pipeline, should China investors consider buying Alibaba Group (BABA) and Tencent Holdings (TCEHY)? Read on to learn my view.

Chinese stocks are widely expected to bounce back this year after the Chinese authorities announced a wide range of measures to boost the economy and the stock market. Amid this backdrop, it could be wise to buy fundamentally strong Chinese stocks Alibaba Group Holding (BABA), Hello Group (MOMO), and Tencent…

Increased demand for online games and consoles, new offerings, and emerging technologies have significantly benefitted the gaming industry participants. Therefore, it could be wise to invest in fundamentally sound gaming stocks Tencent Holdings (TCEHY), Electronic Arts (EA), Playtika (PLTK), and SciPlay Corp. (SCPL) instead of beaten down GameStop (GME). Keep…

Cloud computing is expected to see increasing demand in the foreseeable future, given its role in hybrid operational structures and the ongoing digital transformation across various industries globally. Given this backdrop, industry leaders in the cloud computing space Microsoft (MSFT), Broadcom (AVGO), and Oracle Corp. (ORCL), could be ideal buys…

The Fed’s hawkish stance on inflation and other macroeconomic issues have weighed on investors’ sentiments lately. Since the market might remain under pressure, investors may consider buying fundamentally strong stocks Broadcom (AVGO), Energy Transfer (ET), and Flowers Foods (FLO) as they are expected to soar. Read on….

Semiconductor producer Broadcom (AVGO) has experienced a sell-off amid the broader market volatility this year. However, given its solid fundamentals, this stock looks poised to crush the market in the long term. Read on….

Chinese tech giants like Tencent Holding Ltd (OTC:TCEHY) and TikTok parent ByteDance Ltd implemented fresh layoffs affecting thousands of employees in their latest round of cost-cutting, the Wall Street Journal reports. The job cuts added on to the tens of thousands of employees already axed by Chinese internet companies since late 2021 after the domestic regulatory crackdown crushed the…

Tencent Holding Ltd (OTC:TCEHY) stopped guaranteeing a pay raise upon promotion amid a more comprehensive cost-cutting drive, Reuters reports. However, Tencent assured an annual salary review to consider an individual's contribution and performance. The policy change reflects the changing circumstances of China's technology giants, hit hard by a bruising regulatory crackdown and a slowing…

Tencent Holding Ltd (OTC:TCEHY) reported first-quarter FY22 flat revenue growth year-on-year to 135.5 billion yuan ($20.1 billion), missing the consensus of 141 billion yuan as China started approving gaming licenses. Revenues from VAS were stable Y/Y at 72.7 billion yuan. Domestic Games revenues decreased by 1% Y/Y to 33.0 billion yuan due to the…

Tencent Holding Ltd's (OTC:TCEHY) popular messaging service WeChat will begin revealing users' locations when they post on the platform, Reuters reports. Recently, a popular social media platform, Weibo Corporation (NASDAQ:WB), introduced the same settings permanently after more than a month of testing. The new setting aimed to combat misinformation related to recent "domestic and overseas hot-topic…

Tencent Holdings Ltd (OTC:TCEHY) looks to shut down a service that allowed Chinese gamers to access overseas platforms to play unapproved foreign games reflecting the growing regulatory crackdown, Reuters reports. The report noted Tencent aims to update its games speed booster mobile and desktop apps to new versions on May 31 to…