The Latest Breaking News from TCEHY

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…

Tencent Holdings Ltd's (OTC:TCEHY) WeChat messaging app suspended some non-fungible token accounts to comply with China's regulatory bindings, CNBC reports. Tencent also rectified the public accounts on WeChat to prevent speculation risks in digital currency transactions. WeChat clarified that the official accounts verified by Tencent can display digital collectibles but cannot offer…

The increasing penetration of smartphones, seamless internet access, and technological advancements are the key factors contributing to the growth of the mobile gaming industry. Given the industry’s solid growth prospects, Wall Street analysts expect fundamentally strong mobile gaming stocks Tencent Holdings (TCEHY), Skillz (SKLZ), and PLAYSTUDIOS (MYPS) to deliver significant…

Tencent Holdings Ltd (OTC:TCEHY) reported fourth-quarter FY21 revenue growth of 8% year-on-year to 144.2 billion yuan ($22.6 billion). Revenues from VAS increased by 7% Y/Y to 71.9 billion yuan, and Online Advertising decreased by 13% Y/Y to 21.5 billion yuan. Revenues from FinTech and Business Services increased by 25% Y/Y to 48 billion…