[ad_1] Hong Kong shares of Alibaba Group soared on Wednesday, marking a vote of confidence from investors after the company announced a major restructuring plan. The stock jumped as much…
Tag: Tencent Holdings Ltd
Alibaba begins rollout of its ChatGPT-style tech as China A.I. race heats up
[ad_1] Alibaba Cloud, the cloud computing subsidiary of Alibaba, unveiled its ChatGPT-style product Tongyi Qianwen during the 2023 Alibaba Cloud Summit on Tuesday morning. Bloomberg | Bloomberg | Getty Images…
Hong Kong’s IPO market expected to rebound in 2023, but the biggest one so far flopped in its debut
[ad_1] Hong Kong’s IPO market is set for a rebound in 2023 after being among the worst-performing stock markets in 2022. However, the recent debut of a Chinese liquor company…
After a more than $1 trillion rout, Beijing appears to be warming to Chinese tech giants
[ad_1] Beijing’s regulatory crackdown on the Chinese tech sector began in late 2020, wiping off more than a combined $1 trillion from the country’s biggest companies. There are now signs…
Alibaba’s revamp puts renewed focus on Ant Group’s suspended IPO
[ad_1] Chinese technology stocks led gains in Asia-Pacific on Wednesday’s as Hong Kong listed shares of Alibaba jumped, one day after the company announced a major revamp to split the…
Alibaba shares soar 15% in Hong Kong on news of major overhaul
[ad_1] Hong Kong-listed shares of Alibaba climbed at the open on Wednesday after the company announced a significant overhaul to split its company into six business groups. The company in…
Chinese food delivery firm Meituan plans to hire 10,000 workers as U.S. tech giants ax jobs
[ad_1] Meituan is one of China’s largest food delivery companies. Delivery drivers can be seen zipping around Chinese cities. Tencent first backed rival Dianping in 2014 which merged with Meituan…
Tesla will ‘keep blowing our minds’ despite Elon Musk’s distractions, shareholder Tencent says
[ad_1] A Tesla store in Changzhou, China, in April 2022. Tencent, known as one of the world’s largest gaming and social media firms, invested in Tesla in 2017, taking a…
Ubisoft cancels three games and slashes targets, citing ‘worsening macroeconomic conditions’
[ad_1] Tencent has increased its stake in French games maker Ubisoft, the company behind popular franchises like Assassin’s Creed. But analysts said this has effectively closed the door on a…