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Tencent-Backed Logistics Company Seeks To Bag $500M With Hong Kong IPO
Monday, October 16, 2023 - 9:32am | 521J&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...
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Shanghai Aims To Become Global Blockchain Hub By 2025
Wednesday, September 27, 2023 - 12:30pm | 554Shanghai 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...
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E3's Future Uncertain As More Publishers Pull Out: Sega, Tencent and Ubisoft Latest To Drop
Wednesday, March 29, 2023 - 2:50pm | 663There is growing concern over the future of E3, the largest video game conference and trade show in the world, as more publishers pull out behind Nintendo ADR (OTC: NTDOY), Microsoft Corp.'s (NASDAQ: MSFT) Xbox, Sony Group Corp (NYSE: SONY) and Ubisoft Entertainment SS...
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Chinese Tech Giant Tencent Sees Revenue Growth After Two Consecutive Quarters Of Contraction
Wednesday, March 22, 2023 - 3:07pm | 495Tencent Holdings ADR (OTC: TCEHY), China's gaming and social media giant, reported a 1% increase in revenue, marking an end to two consecutive quarters of contractions, as per Bloomberg. Tencent attributed a 15% rise in online advertising revenue in the last three months of 2022 to its...
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China's Gaming Trade Association Urges Stricter Regulations To Fight Video Game Addiction In Children
Wednesday, February 15, 2023 - 5:12pm | 522During a two-day conference held in Guangzhou on Monday, China Audio-Video and Digital Publishing Association called for stricter regulations on the time and money spent by young people on video games. The association is the semi-official trade body for China's games industry. According to...
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Valorant Takes China By Storm: Tencent Plans Launch Of Epic Esports League
Monday, February 13, 2023 - 1:44pm | 474Tencent Holdings Ltd (OTC: TCEHY) is planning to launch an esports league for Valorant in China, according to Bloomberg. This news comes after the Shenzhen, China-based conglomerate got approval from the Chinese government to launch the free-to-play first-person shooter developed and published by...
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China's Video Game Market Experiences First Slump In 18 Years With 10.3% Decrease
Wednesday, January 18, 2023 - 11:49am | 420China's video game market experienced a year-over-year drop of 10.3% — the first decline since 2003. While in 2021 the world’s largest video gaming market recorded a total revenue of more than US$44.23 billion, but 2022’s number decreased to US$40.1 billion, per the South...
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Why New 'League of Legends' Trailer Is So Bad Riot Games Had To Apologize [VIDEO]
Tuesday, January 17, 2023 - 2:31pm | 678Following a tradition that started in 2018, Tencent (OTC: TCEHY)’s Riot Games released a new trailer for “League of Legends” (LoL) to announce the 2023 season of the video game. Although, this year, the game's new cinematic trailer drew negative...
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Tencent's NFT Market Place Shuts Down Amid Plunging Market, Tightening Regulations
Tuesday, July 19, 2022 - 10:57am | 253Stringent 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...
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Tencent: Be Patient, Time Will Tell
Friday, August 27, 2021 - 6:01pm | 396By 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...
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Fintech Focus For May 7, 2021
Thursday, May 6, 2021 - 6:32pm | 2177Quote To Start The Day: “Whatever you are, be a good one.” Source: Abraham Lincoln One Big Thing In Fintech: Metromile Inc, an insurance-focused fintech powered by data science and machine learning, announced Thursday it will allow policyholders the option to pay for insurance and...
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Fintech Focus For April 30, 2021
Thursday, April 29, 2021 - 6:45pm | 2175Quote To Start The Day: “My fantasy is to break up the big banks. I wish we would end 'too big to fail' in our banking system.” Source: Kenneth C. Griffin One Big Thing In Fintech: Per a CB Insights compilation of Q1 2021 fintech venture capital data from around the world, the...
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Fintech Focus For March 16, 2021
Monday, March 15, 2021 - 5:56pm | 1966Quote To Start The Day: “When someone tells me something can’t be done, I think there’s always a will and a way.” Source: Randall Kaplan One Big Thing In Fintech: One driving force behind innovation is disruption. That’s according to Allison Beer, the Chief Product...
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Barron's Picks And Pans: Roundtable Picks, GameStop, LKQ, Netflix, Roblox And More
Sunday, January 24, 2021 - 11:42am | 1108This 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...
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Alibaba, Tencent Among Stocks Hit By US-China Tension; Jobs Number A Step In Right Direction
Friday, August 7, 2020 - 10:14am | 2511Investors 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....