The stock market continues to prove its resilience despite concerns over persistent inflation. A lot of that resilience is attributable to strong earnings reports overall.
The global gaming market has grown significantly, driven by technological advancements, increased accessibility and the rise of trends like the metaverse and e-sports. Industry reports estimate the ma
Tencent Holdings Ltd.'s revenue and earnings beat estimates while rival Alibaba Group Holding Ltd.'s profit plunged. Bloomberg Intelligence's Catherine Lim shares her take on the results of the two Ch

Why Tencent Holdings Was Rallying Today

03:34pm, Tuesday, 14'th May 2024
Tencent saw revenue rise only 6% but adjusted profit surge 54%. Tencent was able to grow revenue while lowering cost of goods sold, with gross margin rising from 45% to 53%.
Tencent saw slightly better performance in its core gaming business as well as improved profitability in its advertising and business services division.
China's Tencent Holdings posted a 6% rise in first-quarter revenue on Tuesday, beating analyst expectations, as business services and advertising sales deliver strong revenue growth.

Wall Street Awaits Economic Data

12:10pm, Monday, 13'th May 2024
We have an important week for the markets on tap. Wednesday brings us Consumer Price Index (CPI) numbers for April, which will be preceded by the Producer Price Index (PPI) wholesale report on Tuesday

Big Inflation Prints on Deck This Week

11:26am, Monday, 13'th May 2024
Consumer Price Index (CPI) numbers for April will be preceded by the Producer Price Index (PPI) wholesale report on Tuesday.
Ronald Keung, head of Asia internet research at Goldman Sachs, says it forecasts 20% earnings growth for Tencent but a mid to high single-digit decline in earnings for Alibaba.
Social media stocks will continue to attract attention because of two critical factors: the 2024 election cycle and this year's $251 billion market opportunity. I take every forecast with a pinch of s

Tencent: Still A Bargain!

09:06am, Wednesday, 08'th May 2024
Tencent: Still A Bargain!
The Chinese economy and many Chinese companies have struggled on a general scale over the last few years. The slowdown was primarily due to tightening government regulations and property pricing halti
Social media stocks have had plenty of activity in the past couple of months. Reddit (NYSE: RDDT ) went public to much fanfare, while former President Trump's controversial Trump Media & Technology
There are no true “under-the-radar stocks” in the traditional sense regarding companies with a market capitalization large enough to be viable candidates for a $1 trillion valuation in just six

China Tech ETFs in Upbeat Momentum: Here's Why

02:01pm, Thursday, 02'nd May 2024
China's tech investing has been gaining a lot of attention lately due to a notable impact on AI development and an increasing association with the EV industry.
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