Tencent Holdings Ltd
HSBC names 3 ‘underappreciated’ Asian stocks to watch in 2025 — giving one 63% upside potential
Asian markets will look “very different” in 2025 in light of China’s new policy measures, the slowing Indian economy and Southeast Asian countries’ investments into new infrastructure, according to HSBC. A raft of stocks can still “benefit from these changes in Asia as they are best positioned to capture growth from these opportunities and that […]
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Women prefer to play mobile games. China’s Tencent sees an opportunity
Tencent’s Honor of Kings mobile game drew a record 33,000 fans to watch a final competition in Beijing on Nov. 16, 2024. CNBC | Evelyn Cheng BEIJING — Chinese gaming giant Tencent is betting on a rise in female players worldwide for its mobile game Honor of Kings, which rolled out to the U.S. and […]
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CNBC Daily Open: It’s not unexpected markets are back to preelection levels
The New York Stock Exchange floor. Source: NYSE This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? You can subscribe here. What you need to know today Markets ended week […]
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Tencent reports profit beat on games growth, touts AI benefits
Chinese tech company Tencent is a gaming giant and the parent company of WeChat, the ubiquitous social messaging app in China. Cheng Xin | Getty Images News | Getty Images Chinese social media and gaming company Tencent on Wednesday reported better-than-expected profit in the third quarter, spurred by growth in games, advertising and cloud services. […]
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Want to cash in on China’s stimulus? Here’s what the pros expect next
Chinese markets are back in the spotlight after a slew of government stimulus measures over recent weeks. Friday’s news of a five-year 10 trillion Chinese yuan ($1.4 trillion) debt swap program disappointed investors, however, falling short of calls for more direct support for the economy. For many market participants — including Pella Funds’ Jordan Cvetanovski […]
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Chinese driver-assist startup announces $100 million in funding, touts ‘deep cooperation’ with Nvidia
Key Points Deeproute.ai, a Chinese startup developing autonomous driving systems, announced a $100 million funding round Tuesday from an undisclosed automaker, while emphasizing close ties with chipmaker Nvidia. Pitchbook data showed Chinese company Great Wall Motor led the investment. The startup is also in “deep cooperation” with Nvidia, Maxwell Zhou, CEO of DeepRoute.ai, told reporters […]
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Stripe, Wise founders want a ‘tech renaissance’ in Europe to help region rival Silicon Valley
Patrick Collison, CEO and co-founder of Stripe, speaking at 2022’s Italian Tech Week in Turin, Italy. Giuliano Berti | Bloomberg | Getty Images Founders of some of Europe’s largest technology unicorns on Monday backed an open letter calling for a “tech renaissance” fueled by the creation of a single pan-European entity to promote startups and innovation in […]
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Hyper-local vs. hyper-focused: Two China ETFs go on different paths
Two exchange-traded funds are looking for profits in China with two different strategies. While the Rayliant Quantamental China Equity ETF dives into specific regions, the newly launched Roundhill China Dragons ETF buys the country’s biggest stocks. “[It’s] focused just on nine companies, and these companies are the companies that we identified as having similar characteristics […]
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CNBC Daily Open: September’s blockbuster jobs report changes the calculus
More than 75 employers were taking resumes and talking to prospective new hires at a career fair in Lake Forest, CA on Wednesday, February 21, 2024. Paul Bersebach | Medianews Group | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on […]
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Ubisoft shares skyrocket 30% after report Tencent, Guillemot family considering buyout
The Ubisoft logo displayed during the Brand Licensing Europe at ExCel London on September 24, 2024. John Keeble | Getty Images Shares of French video game publisher Ubisoft surged over 30% on Friday after a media report that Tencent and the firm’s founding Guillemot family are considering a potential buyout of the company. Bloomberg News […]
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