Tencent

In an unexpected turn, TikTok’s parent company, ByteDance Ltd. is preparing to bid farewell to the gaming industry by shutting down its principal brand, Nuverse, and eliminating hundreds of jobs. This decision puts its competitor, Tencent Holdings Ltd., in a more advantageous position. What...

Apple Inc. (NASDAQ:AAPL) CEO Tim Cook praised Tencent Holdings Ltd.'s (OTCPK: TCEHY) popular game ‘Honor of Kings', on a surprise visit to China. What Happened: Amid reports of declining iPhone 15 sales, Apple boss Cook has landed in China on an unannounced visit. See Also: Apple’s iPhone...

J&T Global Express, a logistics firm backed by Tencent, is planning a share offering worth 3.92 billion Hong Kong dollars ($500.80 million) in Hong Kong. As The Wall Street Journal reported, the company is set to sell around 326.55 million shares at HK$12($1.53) each in...

Shanghai unveiled a comprehensive strategy to advance its blockchain technology capabilities through 2025. The city's initiative encompasses a range of areas, including blockchain system security, cryptographic techniques, smart contracts and more. The local government believes these...

Stringent government policies in China have resulted in the shutdown of one of Tencent Holdings ADR's (OTC: TCEHY) digital collection NFT platforms. Tencent, the tech mega-giant, underwent significant losses in the months of May and June, causing them to take this step. The primary reason for...

By Bruce Liu We are more optimistic about Tencent's Q2 results than the market. The bears may focus on the slowing growth, the tepid ads business outlook due to online education crackdown, and regulatory headwinds to the gaming business. We reckon most of these negativities have been...

This weekend's Barron's cover story offers a slew of stock and bond picks from the latest Barron's Roundtable. Other featured articles examine how last year's Barron's stock picks fared, what to focus on when investing in China and the latest signs of a speculative frenzy. Also...

Investors might be breathing a sigh of relief as Friday’s jobs report didn’t sound too many alarms about the U.S. economy. At the same time, there could be some rough water to navigate on the way to the weekend as China tension mounts and wheels spin in Washington.  The U.S....

China's Tencent Holdings Ltd. (OTC: TCEHY) has committed nearly $70 billion for investment in the emerging technology sector in the country over the next five years, CNBC reported Tuesday. What Happened The WeChat parent company will invest in startups working with technologies like artificial...

Hong Kong saw a market-wide drop on Wednesday as markets opened after the Lunar New Year holidays. What Happened Concerns over the spread of novel coronavirus continue as the official death toll rose to 132 by the end of Tuesday (Beijing Time), with 5,974 cases confirmed, as reported by China's...

Shenzhen-based technology giant Tencent Holdings Ltd. (OTC: TCTZF) is creating a new digital currency team, Coindesk reported on Tuesday, citing local media reports. What Happened According to CoinDesk, Tencent sent out an internal notice to employees informing them that the company is...

Chinese entertainment conglomerate Tencent Holdings (OTC: TCEHY) is attempting to take a stake in Universal Music Group, the record label giant that owns the rights to artists such as The Beatles, Ariana Grande, Queen and Drake.  What Happened Tencent is looking to buy a 10% stake in...