Tencent Holdings Stock News

Futures Reverse Overnight Rout As Doubts Emerge About Aggressive Fed Hiking After initially sinking sharply, with S&P futures dropping as much as 1% overnight on concerns that aggressive rate hikes from the Fed aimed at curbing stubbornly high inflation could plunge the US into recession and crash risk assets, US equity futures have recovered most of their losses after an overnight article from Bloomberg reported that the " Fed Doesn’t Yet Favor a Half-Point Hike or an Emergency Move " easing investor nerves that a massive hike is imminent. Contracts on the Nasdaq were also flat after earlier retreating as much as 1.2% as growth stocks are especially sensitive to rising rates and bond yields. Still, absent a powerful bounce today, the S&P 500 is set to snap a two-week winning streak. The benchmark S&P 500 has struggled to gain for three weeks in a row since November as the Fed signaled it was prepared to tighten monetary policy to rein in red-hot inflation, but strategists say a broader selloff across stock markets is unlikely.

Full story available on Benzinga.com

Didi is a politically charged company at the moment, having reportedly gone ahead with a U.S. listing despite concerns from regulators.

Tencent Holdings Ltd. said it hasn’t bought shares in Didi Global Inc. since it went public, after a U.S. regulatory filing showing an increased stake sent shares of the Chinese ride-hailing company soaring almost 9%.

Tencent Holdings Ltd (OTC: TCEHY) revealed not making any new investment in DiDi Global Inc (NYSE: DIDI) since it went public, Bloomberg reports. However, Didi's SEC filings disclosed an increas

Tencent's growing share in Didi stands in contrast to its recent decisions to pare back stakes in companies.

Shares of U.S.-listed Chinese tech companies traded mostly lower in Hong Kong on Friday, dragging the benchmark Hang Seng Index into negative territory. Stock Movement (+/-) Xpeng Inc. (NYSE: XPEV ) -3.1% JD.com Inc . (NASDAQ: JD ) -1.3% Alibaba Group Holding Limited (NYSE: BABA ) -0.8% Tencent Holdings Limited (OTC: TCEHY ) -0.8% Baidu Inc. (NASDAQ: BIDU ) -0.5% Li Auto Inc. (NASDAQ: LI ) +1.6% The Chinese tech stocks retreated, tracking the overnight losses by their U.S. peers following a spike in bond yields. Shares of Xpeng, seen as a Tesla Inc. (NASDAQ: TSLA ) rival, also … Full story available on Benzinga.com

Hong Kong stocks fell from a three-week high, tracking losses in global equities after a report showing US inflation at four-decade high prompted traders to step up bets on aggressive rate increases by the Federal Reserve.The Hang Seng Index dropped 0.4 per cent to 24,829.57 at 10am local time, trimming gains in the week. The Hang Seng Tech Index slipped 0.9 per cent while Chinas Shanghai Composite Index was little changed.Tencent Holdings lost 1 per cent while Alibaba Group Holding slipped 0

DiDi Global Inc - ADR (NYSE: DIDI ) shares are trading higher after Tencent Holdings Limited raised its stake in DiDi from 6.4% to 7.4%. Bloomberg cited Brendan Ahern, Chief Investment Officer at Krane Funds Advisors LLC Thursday morning, who said: The increased stake indicates Tencents confidence in DiDi, while providing another indication that Full story available on Benzinga.com

(Bloomberg) -- Didi Global Inc. shares got a shot in the arm after one of its largest shareholders increased its stake in the company.

NEW YORK , Feb. 10, 2022 /PRNewswire/ -- Megadeals within the video gaming space over the last month confirm that content really is king. Technology giant Microsoft just announced the acquisition of Activision Blizzard (NASDAQ: ATVI ) for a whopping $68.7 billion , marking the biggest sale in video game history. The deal, which is far ahead of the takeover of Zynga by Take-Two for $12.7 billion , will make Microsoft Corporation (NASDAQ: MSFT ) the third-largest game company after Sony and Tencent . According to Microsoft CEO, gaming is the most dynamic and exciting category in entertainment and it''s creating exciting opportunities for companies like Bragg Gaming Group (NASDAQ: BRAG ) (TSX: BRAG ), Enthusiast Gaming Holdings (TSX: EGLX ) (NASDAQ: EGLX ), and Scientific Games Corporation (NASDAQ: SGMS ) who are focused on providing the growing market with world-class content. Global B2B iGaming technology and content specialist Bragg Gaming Group (NASDAQ: BRAG ) (TSX: BRAG ) is continuing to expand its reach across North America , Latin America and Europe .

Romain Dillet / TechCrunch : French buy now, pay later startup Alma raises a 115M Series C and 95M debt from Tencent and others, bringing its total equity funding to 185M French startup Alma is trying to build a new buy now, pay later giant in Europe. The company has closed a $130 million Series C round (115 million).

French startup Alma is trying to build a new buy now, pay later giant in Europe. The company has closed a $130 million Series C round (115 million). It has also raised $109 million (95 million) in debt financing. Tencent, GR Capital and Roosh Ventures are investing in the startup for the first time. Some []

The Cyberspace Administration of China (CAC) said its official publication had carried out interviews with companies like Tencent Holdings Ltd (OTC: TCEHY ), Alibaba Group Holding Ltd (NYSE: BABA ), and TikTok parent ByteDance, Reuters reports . The interviews followed the January 28 meeting held with 27 firms to Full story available on Benzinga.com

With support from Ant Group and other companies, Tencent plans to complete the first draft of the NFT technical framework by the end of 2022.