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The Latest Breaking News from Tencent

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

CNBC

Benzinga

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

Benzinga

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:

Benzinga

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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

Benzinga

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…

Benzinga

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.

Benzinga

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,…

Benzinga

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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…

Asharq Al-Awsat

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.

Benzinga

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.

Benzinga

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

Benzinga

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.

The New Daily

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.

Benzinga

Tencent Stops Assuring Pay Hike On Promotion As Part Of Its Cost Cutting Measure

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…

Benzinga

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The Guardian - AU

Top Gun: Maverick sparks joy in Taiwan after its flag features on Tom Cruise jacket

Reports of cheers at an advance screening as Hollywood risks anger in Beijing at depiction on apparel of Cruise’s Captain Pete ‘Maverick’ Mitchell

Benzinga

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

Shares of U.S.-listed Chinese companies rallied in Hong Kong on Friday morning, with major tech names like Alibaba Group Holding (NYSE: BABA), JD.com Inc (NASDAQ: JD), Tencent Ho

Benzinga

Why Alibaba, Nio, Chinese Peers Are Sliding In Hong Kong Today

Shares of U.S.-listed Chinese companies traded marginally lower in Hong Kong on Thursday morning.

Benzinga

Is Tencent Past the Worst as Government Sends Easing Signals?

Key Takeaways: Tencent reported its first quarter profit fell 22.9%, but the market believes the worst is past after Beijing’s recent end to its freeze on new game approvals

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news in one place.

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Benzinga

Alibaba, Nio, Chinese Peers Slide: What's Dragging Hong Kong Stocks Today?

Shares of U.S.-listed Chinese firms were subdued on Tuesday morning in Hong Kong, with major tech names like Alibaba Group Holding (NYSE: BABA), JD.com Inc (NASDAQ: JD), Baidu In

Benzinga

Alibaba Down 7%, Nio Slides Over 3%: What's Causing A Selloff In Hong Kong Today

Shares of U.S.-listed Chinese firms traded significantly lower in Hong Kong on Thursday morning, with major tech names like Alibaba Group Holding (NYSE: BABA), JD.com Inc (NASDAQ: JD),

Benzinga

Shrinking Tencent Music Looks for Sustainable Business Model

Key Takeaways: Tencent Music’s revenue and profit fell 15% and 34%, respectively, in the first quarter, after the company was ordered to stop its anti-competitive practices last year

Benzinga

Tencent Misses Q1 Revenue As Regulatory Crackdown Takes Its Toll

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…

Benzinga

Alibaba Down Over 2%, Nio Jumps 7%: What's Weighing On Hong Kong Stocks Today?

Shares of U.S.-listed Chinese firms traded mixed in Hong Kong on Wednesday morning, with web search giant Baidu Inc (NASDAQ: BIDU) and electric vehicle maker NIO Inc (NYSE: NIO) among stocks that were in the green.

Benzinga

Alibaba, Tencent To Post Lack-Luster Quarterly Results As Domestic Regulatory Crackdown Takes A Toll

Fastest growing companies like Alibaba Group Holding Limited (NYSE: BABA) and Tencent Holding Ltd (OTC: TCEHY) are struggling to keep up with even the most staid utilities amid

Benzinga

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

Shares of U.S.-listed Chinese firms traded higher in Hong Kong on Tuesday morning, with electric vehicle makers leading gains, while tech majors such as Alibaba Group Holding Ltd (NYSE: BABA) and JD.com Inc (NASDAQ:

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