Alibaba, Tencent fall as Hong Kong stocks set for loss in first week of 2024

[ad_1] Hong Kong stocks were heading for a loss in the first week of 2024, as a slowdown in China’s growth and longer than expected policy tightening in the US…

UMG and Tencent Music Renew Multi-Year Licensing Pact

[ad_1] Courtesy Photo Universal Music Group and Tencent Music Entertainment have renewed their multi-year licensing agreement, the companies announced on Wednesday (Jan. 3). Under the renewed agreement between TME and…

Dividends, stock buy-backs a bright spark in China market: JPMorgan fund

[ad_1] With the Chinese market mired in a painful slump, companies are mounting their defences with record dividend payouts and share repurchases. That should provide income-seeking investors with some comfort…

Hong Kong stocks hit 3-week high as Tencent, NetEase extend recovery, BYD gains

[ad_1] Hong Kong stocks rose for a second day to a three-week high. led by gains in top Chinese technology leaders and electric-car makers. Foreign investors bought onshore-listed shares by…

Hong Kong stocks rebound as Tencent, NetEase rally, China data aids sentiment

[ad_1] Hong Kong stocks gained as video-gaming companies rebounded after Beijing calmed jitters about tightening industry policing and approved new titles by the most in 17 months. China’s better-than-expected industrial…

ByteDance’s sales break $110 billion to pass Tencent in 2023

[ad_1] ByteDance Ltd.’s sales surged in 2023 to more than $110 billion, according to people familiar with the matter, potentially overtaking arch-foe Tencent Holdings Ltd. in a sign TikTok’s fledgling…

Tencent loses $50 billion in market value as China targets in-game spending | CNN Business

[ad_1] Florence Lo/Reuters A Tencent Games logo from an app is seen on a mobile phone in this illustration picture. REUTERS/Florence Lo/Illustration Hong Kong CNN  —  Shares of several Chinese…

Tencent loses over $43 billion in market value after China proposes new online gaming rules

[ad_1] Tencent lost about $43.5 billion in market value on Friday after China surprised financial markets with a fresh set of rules aimed at curbing excessive gaming and spending. The…

Tencent Rocked by China’s New Boss Level

[ad_1] The rules of the game keep getting harder for China’s internet sector. On Friday, Tencent lost $46 billion in market value as Chinese gaming stocks traded in Hong Kong…

Hong Kong stocks slide as China’s new gaming crackdown hits Tencent and NetEase

[ad_1] Hong Kong stocks slipped to another weekly setback as online gaming operators Tencent and NetEase slumped after China tightened regulation to control the industry. Top Chinese banks gained after…