Tencent Holdings Stock News

Shift To Quality Intensifies Thanks To Hawkish Fed By Ishika Mookerjee, Bloomberg Markets Live commentator and analyst Demand for quality stocks is strengthening in Asia as the Federal Reserve dials up its hawkish commentary, making riskier firms look more vulnerable with borrowing costs expected to rise. The MSCI AC Asia ex-Japan Quality Index has climbed about 1% since the end of October as the Fed announced its plan to taper asset purchases, while the MSCI AC Asia ex Japan Index has slumped 4%. The gauge of stocks with a high return on equity, stable earnings growth and low leverage trounced the broader benchmark by about nine percentage points last year, a better relative performance than that seen in its global peer. Asian quality stocks tend to outperform during global slowdown, inflationary regime in Asia and in the following 12 months post China slowdown, Sanford C. Bernstein analysts Rupal Agarwal and Anusha Madireddy wrote in a note on Wednesday. Theres also support from positive earnings revisions and a historical discount to low-quality stocks, they added.

Another round of fines on Alibaba, Tencent and Bilibili over the failure to disclose 13 deals signals a continued hard line on antitrust and Big Tech this year.

2021 has been a painful year for shareholders of Chinese stocks in general. Could they be the proverbial coiled springs ready to be released in 2022? I identified Alibaba Group, NetEase, Tencent Holdi

Tencent Holdings Ltd's (OTC: TCEHY) WeChat super app posted remarkable growth in services from e-commerce to payments and search over the past year, amid China's government crackdown, Bloomberg repo

Shares of Alibaba Group Holding Limited (NYSE: BABA ), Xpeng Inc. (NYSE: XPEV ), Baidu Inc. (NASDAQ: BIDU ) and JD.Com Inc. (NASDAQ: JD ) rose in Hong Kong on Thursday, while Tencent Holdings Inc . (OTC: TCEHY ) and Li Auto Inc. (NASDAQ: LI ) traded lower. Whats Moving : Shares of Alibaba, Xpeng, Baidu and JD.Com traded higher in a range of 1% to 3%. Shares of Tencent, the owner of the WeChat messaging app, fell almost 1% amid concerns about further regulations on the technology industry. The Cyberspace Administration of China (CAC) has issued draft regulations requiring app Full story available on Benzinga.com

The man who once was Singapores richest person has had one of the worlds biggest wealth plunges.Forrest Li, the chairman and chief executive officer of Sea Ltd, has lost almost US$11 billion of his fortune since the American depositary receipts of the company peaked on October 19, according to the Bloomberg Billionaires Index. After growing competition and a wider profit loss, the latest blow came on Tuesday, when Tencent Holdings Ltd cut its stake in the gaming and e-commerce giant, driving

The latest blow for Sea Ltd. CEO Forrest Li came on Tuesday, when Chinas Tencent cut its stake in his company and drive the stock to its worst slump in almost two years.Tencent said Tuesday it is cutting its Sea stake to 18.7% from 21.3%, with its voting rights decreasing to under 10%

Tencent Holdings' Weixin, China's dominant messaging app which is known as WeChat outside the country, said on Thursday that average daily active users for its mini programs hit 450 million in 2021.

The Hang Seng Tech Index fell 4.6%-the most since July-in a third straight day of declines

China's market regulator has fined Alibaba, Tencent Holdings and Bilibili Inc. for failing to properly report several deals.   As Reuters reported Tuesday (Jan. 4), the State Administration for Mark

China's State Administration for Market Regulation (SAMR) penalized Alibaba Group Holding Ltd (NYSE: BABA), Tencent Holdings Ltd (OTC: TCEHY), and Bilibili Inc (NASDAQ: BILI) 500,000 yuan ($78,6

Chinese tech colossus Tencent Holdings Limited (HKG:0700) has reportedly cashed out some US$3bn of its position in Singapore-based e-commerce and gaming group Sea. Some 14.5mln shares were sold at US

Chinese tech investor Tencent has reported cashed out some US$3bn of its position in Singapore-based e-commerce and gaming group Sea. Some 14.5mln shares were sold at US$208 each to bank US$3bn for Te

Chinese internet titan Tencent is divesting its vast portfolio. On Tuesday, the company announced plans to offload more than $3 billion worth of shares in Sea, a Singaporean internet conglomerate, tri