Tencent Holdings Ltd
Alibaba shares soar 15% in Hong Kong on information of main overhaul
Signage at the Alibaba Team Holding Ltd. places of work in Beijing, China, on Tuesday, Jan. 17, 2023. Bloomberg | Bloomberg | Getty Photos Hong Kong-shown shares of Alibaba surged 15% at the open on Wednesday right after the enterprise declared a significant overhaul to break up the tech huge into six business enterprise teams. […]
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Tencent’s online ad revenue grows for the first time in more than a year
Chinese tech giant Tencent released quarterly results Wednesday. Nurphoto | Nurphoto | Getty Images BEIJING — Chinese tech giant Tencent reported better-than-expected quarterly revenue on Wednesday, helped by growth in ads within its growing “video accounts” business. Overall revenue for the quarter ended Dec. 31 came in at 144.95 billion yuan ($21.07 billion), higher than […]
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This e-commerce stock has a whopping 300% upside, in accordance to Morgan Stanley
Internet stocks are enjoying a fantastic run this yr — they have “way outperformed” the S & P 500 around the past 3 months, in accordance to Rosenblatt Securities senior analyst Barton Crockett. Morgan Stanley’s analysts, as well, are bullish on the sector — but a more distinct corner of online shares. “E-commerce expansion is reaccelerating […]
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Leaping on the China bandwagon? Analyst reveals whether or not A-shares or H-shares are a much better guess
China’s reopening from the pandemic has been a huge concept in 2023. It can be commonly observed as a main strengthen for stock marketplaces all around the planet, and analysts have been fast to jump on that bandwagon. But the euphoria around the reopening has given that tapered off, with quite a few important benchmarks […]
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A South Korean telco big has its personal A.I. chatbot — and says it is really a ‘super app’ edition of ChatGPT
SK Telecom’s “A.” (pronounced “A dot”) artificial intelligence chatbot has a character that speaks to persons. The business has integrated its various assistance from audio streaming to e-commerce into A. and is preparing to start it thoroughly in 2023. BARCELONA, Spain — SK Telecom, a single of South Korea’s biggest carriers, is scheduling to absolutely […]
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Asia tech is back again, Bernstein claims, naming Alibaba and 5 more top picks
China’s reopening is viewed as a main tailwind for stock marketplaces this calendar year, and Bernstein has shared a record of inventory picks to dollars in — which it says also offer downside safety. “We collaborate with our sector analysts to emphasize 30 stocks which appear effectively positioned to seize the China reopening tailwind, advantage […]
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China tech corporations are carefully watching ChatGPT’s A.I. skills. Here is what they’re carrying out
A screen at the World Synthetic Intelligence Conference (WAIC) in Shanghai, China, on Friday, Sept. 2, 2022. Bloomberg | Bloomberg | Getty Visuals BEIJING — The business story of ChatGPT correct now is much more about what is just not recognized. Major tech businesses in the U.S. and China rushed this thirty day period to […]
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‘China’s Netflix’ iQiyi launches an immersive VR ride primarily based on its very own present
Human gamers seem as avatars in iQiyi’s immersive Luoyang VR practical experience, which opened to the community in Shanghai in February 2023. iQiyi BEIJING — Chinese video streaming system iQiyi introduced Monday the opening of its immersive virtual truth experience in Shanghai. The venture brings together immersive theater, digital truth and bodily devices to give […]
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Reopening to recovery: Goldman Sachs sees China shares surging as substantially as 24% by conclude of 2023
BEIJING, CHINA – FEBRUARY 09: Citizens wander at Wangfujing Pedestrian Road in the snow on February 9, 2023 in Beijing, China. Vcg | Visual China Group | Getty Photos Goldman Sachs strategists see an financial shift from “reopening to restoration” driving Chinese shares as considerably as 24% larger by the stop of this calendar year. […]
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Morgan Stanley is bullish on this Chinese tech big — offering it upside of almost 20%
Chinese tech large Tencent is ramping up its efforts to monetize its fast-escalating short movie operate, and Morgan Stanley is bullish on that. The business is increasingly focused on Channels, the brief video function within its popular superapp WeChat, as it seeks to problem the dominance of other rival platforms, these kinds of as ByteDance’s […]
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