Tencent Holdings Stock News

Scalapay, a Milan, Italy-based payment solution that enables customers to buy now and pay later (BNPL) without interest, raised $497M in Series B funding. The round, which brought total funding raised to date to over $700M, was led by Tencent and Willoughby Capital, with participation from Tiger Global, Gangwal, Moore Capital, Deimos, and Fasanara Capital. Founded by Simone Mancini and Johnny Mitrevski in 2019, Scalapay […] The post Scalapay Raises $497M in Series B Funding appeared first on FinSMEs .

In its crackdown on popular culture and LGBT people, feminists and other groups, China’s approach has come to increasingly resemble the values of 1950s America, say its critics.This month, China’s censors deleted scenes of men kissing, references to a lesbian character and orgasms in US sitcom Friends, sparking outrage among the popular show’s large mainland audience.This followed an earlier censorship incident this year in which internet giant Tencent restored the original ending of the…

Chinese technology giant Tencent Holdings aims to become carbon-neutral across its operations and its supply chain by no later than 2030, it said on Thursday.The internet and technology company, which owns and operates Chinese super app WeChat, was committed to using green power for all electricity it consumes by the end of the decade.“It is Tencent’s responsibility as a global technology leader to help the world achieve carbon neutrality, and it’s also an essential part of our vision to use …

The company is also committing to using green power for 100% of its electricity use by 2030.

The Buy Now Pay Later solution hits unicorn status after their most recent fundraising round Scalapay, Southern Europes leading payment solution that enables customers to buy now and pay later (BNPL) without interest, announced that it has raised $497M in Series B investment funding. The round was led by Tencent and Willoughby Capital, The post Scalapay, Now a Unicorn, Raises $497 Million Series B and Enters the Checkout Market appeared first on GlobalFinTechSeries .

Academia.edu, a San Francisco, CA-based academic platform provider, raised $23M in Series D funding. The round was led by Tencent with participation from Khosla Ventures, Spark Capital and True Ventures. The company intends to use the funds to expand into allowing academics to be peer-reviewed and published in journals hosted on the platform. Led by CEO [] The post Academia.edu Raises $23M in Series D Funding appeared first on FinSMEs .

Chinas hands-off approach to the technology sector minted billionaires and giant companies at a breathtaking pace. Now President Xi Jinpings government is reining in the countrys most powerful corporations, including Alibaba Group Holding Ltd., Tencent Holdings Ltd. and Didi Global Inc., along with their ultra-rich founders. The scrutiny is one of the largest concerted actions against private enterprise in decades, wiping out $1.5 trillion in market value last year -- and new blows keep comin

Bill Maher Slams US-Born Eileen Gu For Representing A "Totalitarian Police State Over America" At Olympics Authored by Frank Fang via The Epoch Times, Olympic gold medalist Eileen Gu . Lebron James and the NBA. Hollywood stars John Cena and Tom Cruise. Google. HBO host Bill Maher slammed these names during the latest episode of his show, criticizing them for choosing to support the Chinese regime. In a monologue on Real Time with Bill Maher , Maher started by leveling criticism against Gu, a San Francisco Bay Area-born freestyle skier who chose to represent China over the United States in the 2022 Winter Games. So far, Gu has refused to comment whether she had given up her U.S. citizenship to be on the Chinese national team. Is that cool now, to choose to represent a totalitarian police state over America? Maher asked. And by choosing Team China, Eileen Gu became a living symbol of Chinas triumph over the West, which wouldnt bother me so much if I thought China had triumphed over us in the ways that really matter.

Hong Kong stocks climbed from a three-week low, rebounding as traders scooped up cheap technology stocks beaten down by fears of a renewed regulatory crackdown.The Hang Seng Index advanced 0.3 per cent to 23,600.67 at 9.45am on Wednesday, halting a three-day losing streak. The citys Tech Index was little changed, while Chinas Shanghai Composite Index strengthened 0.2 per cent.Alibaba Group Holding, the owner of this newspaper, rose 0.4 per cent to HK$111.80. Tencent Holdings added 0.1 per

Hong Kong stocks climbed from a three-week low, rebounding as traders scooped up cheap technology stocks beaten down by fears of a renewed regulatory crackdown. The Hang Seng Index advanced 0.3 per cent to 23,600.67 at 9.45am on Wednesday, halting a three-day losing streak. The citys Tech Index was little changed, while Chinas Shanghai Composite Index strengthened 0.2 per cent. Alibaba Group Holding, the owner of this newspaper, rose 0.4 per cent to HK$111.80. Tencent Holdings added 0.1 per ce

Chinese tech stocks are taking a beating on Tuesday as investors worry about additional restrictions from the country''s government.

Three of Chinas most valuable businesses Alibaba Group Holding Ltd., Tencent Holdings Ltd. and Meituan have shed more than $100 billion in the span of three turbulent days. Its a remarkable reversal from just a week ago, as investors like Charlie Munger spotted bargains among China Tech Inc. after a $1.5 trillion selloff in 2021. Macquarie issued a report this month headlined peak crackdown.

Luxembourg-based Leko Labs, a construction startup thats developing sustainable wood-based building materials as an alternative to steel and concrete and applying automation to construction methods, has closed a $21 million Series A round of funding. The raise is led by urban sustainability-focused fund 2150 with participation from Microsofts Climate Innovation Fund, Tencent, AMAVI, Rise PropTech []

Luxembourg-based Leko Labs, a construction startup thats developing sustainable wood-based building materials as an alternative to steel and concrete and applying automation to construction methods, has closed a $21 million Series A round of funding. The raise is led by urban sustainability-focused fund 2150 with participation from Microsofts Climate Innovation Fund, Tencent, AMAVI, Rise PropTech []

Chinese tech stocks are taking a beating on Tuesday as investors worry about additional restrictions from the country's government. The post Chinese Stocks Alert: Why Are BABA, TCEHY, JD, PDD Stocks D