Tencent Holdings Stock News

Although a series of crackdowns by the Chinese authorities this year has slashed the market value of publicly-traded Internet companies including SaaS providers this year, investing in SaaS remains the most appealing option for investors. According to a report by asset management group CapitalLink , startups in the SaaS field raised more than 30 billion yuan in 2021, greatly above the amount raised in 2019. Top-tier institutional investors are constantly on the lookout for new investment possibilities: Sequoia China made 17 investments, Matrix Partners China made 11 investments, and GGV Capital made 9 investments. So far, 22 SaaS startups are valued at more than $1 billion, and nearly 34 SaaS providers are valued at $500 million to 1 billion, consulting firm Analysys International said in its latest research. These companies'' businesses range from taxation to human resources management, marketing, customer relationship management, logistics, and so on. It is worth noting that with the acceleration of digitization and the increasing shortage of software developers, low-code has emerged as an eye-catching niche SaaS market among entrepreneurs and investors in China.

JD.com (JD) stock is taking a beating Thursday following news about Tencent (TCEHY) giving away its stake in the Chinese e-commerce company. The post JD Stock: The Tencent News That Has Chinese Tech J

Tencent Holdings Ltd (OTC: TCEHY) divested the majority of its stake in JD.com Inc (NASDAQ: JD) from 17% to 2.3%. Morgan Stanley believes it could "negatively impact investor sentiment" on JD.co

Stocks are moving higher as jobless claims hold below pre-pandemic levels.

Tencent is handing out $16 billion of shares in JD.com to shareholders

Tencent is dramatically cutting its stake in JD.com, China's second largest e-commerce company, as it seeks to stay on the right side of Beijing, which has been cracking down on tech giants to rein in

Tencent is slashing its holding in JD.com to 2.3% from around 17% now.

Shares of Alibaba Group Holding Limited (NYSE: BABA ) and JD.Com Inc. (NASDAQ: JD ) fell in Hong Kong on Thursday, while Tencent Holdings Inc . (OTC: TCEHY ), Li Auto Inc. (NASDAQ: LI ), Xpeng Inc. (NYSE: XPEV ) and Baidu Inc. (NASDAQ: BIDU ) traded higher. Whats Moving : Shares of Chinese e-commerce firm JD.com tumbled almost 8% in Hong Kong, while tech conglomerate Tencent gained almost 5%. WeChat operator Tencent said it will distribute the majority of its shares in JD.com, valued at HKD 127.7 billion ($16.4 billion), to its shareholders as an interim dividend, effectively diluting its stake in JD.Com from around 17% to about 2.3%. Tencent President Martin Lau will step down as a director of JD.Com, effective Thursday. Chinese e-commerce giant Alibabas shares fell over 1% in Hong Kong, while shares of Baidu, Li Auto and Xpeng are higher Full story available on Benzinga.com

https://www.investing.com/news/stock-market-news/tencent-offloads-1637b-worth-of-jd-stakes-to-shareholders-2721556

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Reuters : Tencent plans to issue nearly all of its shares in JD.com worth $16.37B to shareholders as a dividend, reducing its stake from 17% to about 2.3% Chinese gaming and social media company Tencent (0700.HK) will hand a $16.4 billion JD.com (9618.HK) stake as a dividend to its shareholders

Chinese internet giant Tencent is planning to distribute HK$127.7 billion($16.3 billion) worth of JD.com shares as an interim dividend to its shareholders, as the company chaired by billionaire Pony M

Shares in Tencent Holdings Limited (HKG:0700) closed up 4.4% in Hong Kong trade after the tech conglomerate made the first move to unlock the value of its portfolio. Earlier it announced it would be d

Shares of JD.com plunged 7% on Thursday after Tencent announced it will be giving most of its shares in the e-commerce giant away.

Saudi Arabia partners with Tencent in smart tourism Saudi Tourism Authority entered a partnership with Chinese tech giant Tencent Holdings to create an international tourism benchmarking project that integrates marketing, digital tourism and cross-border commerce. Specifically, Tencent Cloud and Tencent Smart Retail will use its cloud infrastructure and smart solutions to help Saudi Arabia connect [] China Tech Digest: Saudi Arabia Partners With Tencent In Smart Tourism; CATLs Largest Single Project Put Into Production comes from China Money Network : Primary Data for China''s Primary Markets! All Rights Reserved.