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The Latest Breaking News from Tencent

Tencent Targets Metaverse After Overseas Opportunities, EV To Drive Growth

Tencent Holding Ltd (OTC:TCEHY) acknowledged setting up a unit focused on exploring the space to tap multiple opportunities in extended reality (XR) technologies in the next 4-5 years, Reuters reports. Gaming chief Steven Ma disclosed that Tencent had set up an XR business line to combine hardware and software, betting on most…

Tencent to Explore Hardware Opportunities with Extended Reality Unit

Tencent to Explore Hardware Opportunities with Extended Reality Unit

China's Tencent Holdings said it saw multiple opportunities to explore extended reality (XR) technologies in the next 4-5 years and that it had set up a unit focused on exploring the space, confirming an earlier Reuters report. The company's gaming chief Steven Ma made the comments to local media on…

Asharq Al-Awsat

Alibaba Loses 2%, Nio Tumbles 9%: What's Dragging Down Hong Kong Stocks Today?

Alibaba Loses 2%, Nio Tumbles 9%: What's Dragging Down Hong Kong Stocks Today?

Shares of major U.S.-listed Chinese companies were trading lower in Hong Kong on Tuesday, with major tech stocks like Alibaba Group Holdings (NYSE: BABA), Tencent Holdings (OTC: TCEHY), Baidu Inc (NASDAQ: <

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Meta's Biggest Rival Posts Visible Success On Gaming Foray Despite Bigger Rivals Like Tencent, NetEase

TikTok parent ByteDance Ltd's gaming foray exudes promise as spending across its mobile titles grew over the past year, according to Sensor Tower. The report highlighted TikTok owner generated $1 billion of player spending across its mobile games as of the year ended June 20, 2022, up 16% year-on-year. ByteDance had set…

Why Alibaba, Nio, Chinese Peers Are Trading Higher in Hong Kong Today

Shares of major U.S.-listed Chinese companies inched higher in Hong Kong on Friday, with tech giants like Alibaba Group Holdings (NYSE: BABA), Tencent Holdings (OTC: TCEHY), Baidu Inc (NASDAQ:

Record numbers of Chinese graduates enter worst job market in decades

Jenny Bai was among 10 high-performing computer science students from different Chinese universities selected by a Beijing-based internet firm for a job upon graduation, following four rounds of arduous interviews.

Tencent Creates Metaverse Unit

XR unit a rare venture into hardware for the Chinese tech giant

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Why Alibaba, Nio, Most Chinese Peers Are Shooting Up In Hong Kong Today

Why Alibaba, Nio, Most Chinese Peers Are Shooting Up In Hong Kong Today

Shares of major U.S.-listed Chinese companies traded mostly higher in Hong Kong on Thursday, with tech giants like Alibaba Group Holdings (NYSE: BABA), Tencent Holdings (OTC: TCEHY), and Baidu Inc (NASDAQ:

ZhongAn Moves Further Out of Parental Shadow as Tencent Cuts Stake

ZhongAn Moves Further Out of Parental Shadow as Tencent Cuts Stake

Key takeaways: • Tencent reduced its stake in ZhongAn to about 8% from 10%, less than six months after Alibaba-affiliated Ant Group also cut its stake in the online insurer • ZhongAn’s net profit more than doubled last year, as reliance on its parents for business has decreased

Alibaba Sheds 2%, Nio Jumps 3%: What's Weighing On Hong Kong Stocks Today

Alibaba Sheds 2%, Nio Jumps 3%: What's Weighing On Hong Kong Stocks Today

Shares of major U.S.-listed Chinese companies traded mixed in Hong Kong on Wednesday, with tech giants like Alibaba Group Holdings (NYSE: BABA), Tencent Holdings (OTC: TCEHY), and JD.com Inc (NASDAQ:

Snap CEO endorses Elon Musk's "super app" strategy for Twitter

Snap CEO endorses Elon Musk's "super app" strategy for Twitter

"I think he's seeing a lot of what we saw in Asia," Spiegel told Axios.

Alibaba Down Nearly 1%, Nio Up 2%: What's Weighing On Hong Kong Stocks Today

Alibaba Down Nearly 1%, Nio Up 2%: What's Weighing On Hong Kong Stocks Today

Shares of major U.S.-listed Chinese companies traded mostly higher in Hong Kong on Friday, with tech giants like Baidu Inc (NASDAQ: BIDU), JD.com (NASDAQ: JD), and Tencent Holdings (OTC:

Morning Brief: Top Financial Stories Dominating on Tuesday, June 14

Morning Brief: Top Financial Stories Dominating on Tuesday, June 14

Tencent Buys $264M Stake In Walmart's Indian Unit

Tencent Buys $264M Stake In Walmart's Indian Unit

Chinese tech conglomerate Tencent Holdings Ltd. (OTC: TCEHY) has bought a $264 million stake in Walmart Inc (NYSE: WMT)-owned Indian e-commerce firm Flipkart, Press Trust of India

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Alibaba, Nio, Most Chinese Peers Continue To Slide In Hong Kong Today

Shares of major U.S.-listed Chinese companies mostly traded lower again in Hong Kong on Tuesday, with tech giants like Alibaba Group Holdings (NYSE: BABA), Tencent Holdings (OTC: TCEHY), Baidu Inc (NASDAQ:

Why Alibaba, Nio, Most Chinese Peers Are Stumbling In Hong Kong Today

Shares of U.S.-listed Chinese companies were trading mixed in Hong Kong on Friday morning, with major tech names like Alibaba Group Holding Ltd (NYSE: BABA), Tencent Holdings Ltd (OTC: TCEHY), and Baidu Inc

Why Bilibili Shares Are Plunging Today

Bilibili Inc (NASDAQ:BILI) reported first-quarter FY22 revenue growth of 30% year-on-year to $797.3 million, beating the consensus of $757.6 million. Drivers: Average monthly active users (MAUs) increased 31% Y/Y to 293.6 million, and Mobile MAUs rose 33% Y/Y to 276.4 million. Average daily active users (DAUs) climbed 32% Y/Y to 79.4 million, and Average…

Alibaba Up 2%, Nio Down 3%: What's Weighing On Hong Kong Stocks Today

Shares of U.S.-listed Chinese companies were trading mixed in Hong Kong on Thursday morning.

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Inspired By Alibaba, Tencent Goes Global As Regulatory Crackdown In China Continues To Bite

Tencent Holdings Ltd (OTC:TCEHY) looks to unleash its flagship mobile game "Honor of Kings" globally by the end of 2022, Reuters reports. Tencent will launch the international version under its Singapore-based brand Level Infinite, formed in 2021 to help games globally. "Honor of Kings," with over 95% of its users in China,…

Asharq Al-Awsat

China Approves 60 New Games

China has approved the release of dozens of new video games, boosting the shares of some of its biggest tech firms Wednesday on hopes that a long-running and painful crackdown on the sector is easing. The announcement follows a report in The Wall Street Journal on Monday that said regulators…

Why Alibaba, Nio, Chinese Peers Are Surging in Hong Kong Today

Shares of U.S.-listed Chinese companies were trading higher in Hong Kong on Wednesday morning, led by positive global cues.

China's Game Approval List Continues To Miss Leading Names Like Tencent, NetEase

China's gaming regulator granted publishing licenses to 60 games, Reuters reports.

Rare Collaboration: Fleet Management Companies Backed By Tencent, Alibaba Agree To Merge

Tencent Holdings Limited (OTC: TCEHY) and Alibaba Group Holding Limited (NYSE: BABA) are https://www.benzinga.com/news/21/09/23127181/alibaba-opens-up-walled-garden-to-allow-rival-tencents-payment-system-in-s

Top Gun: Maverick restores Taiwan flag on Tom Cruise’s iconic jacket after controversy

Moviegoers in Taiwan broke out into applause during an advanced screening of Top Gun: Maverick when they saw their flag on Tom Cruise's iconic jacket.

Alibaba Down 3%, Nio Up 0.6%: What's Weighing On Hong Kong Stocks Today

Shares of U.S.-listed Chinese companies were trading mostly lower in Hong Kong on Thursday morning, with tech stocks being a major drag.

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