Tencent Holdings Ltd
Tencent fourth-quarter profit surges 90% on gaming and advertising boost
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 Tencent on Wednesday posted a fourth-quarter beat on top and bottom line driven by a surge in gaming and advertising revenue. Here’s how Tencent did […]
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Chinese battery giant CATL posts annual revenue drop ahead of Hong Kong listing
Chinese battery giant Contemporary Amperex Technology (CATL), pictured here on April 2, 2020, broke ground on its first overseas factory in Germany in late 2019 and plans to add up to 2,000 jobs there by 2025. Martin Schutt | picture alliance | Getty Images China’s Contemporary Amperex Technology posted a 9.7% drop in annual revenue, […]
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Mainland Chinese investors snap up a record amount of Hong Kong stocks to play AI
Hong Kong’s stock exchange reported its highest quarterly profit in nearly four years after China’s stimulus measures boosted trading and listing volume. Bloomberg | Bloomberg | Getty Images BEIJING — Mainland Chinese investors are piling into the Hong Kong stock market at record volumes as its tech-heavy Hang Seng Index trades around three-year highs. Net […]
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Asian tech stocks fall as Trump doubles down on tariffs, keeping investors on edge
Employees move semiconductor testers on the assembly line of the Advantest Corp. plant in Ora, Japan on Aug. 10, 2012. Tomohiro Ohsumi | Bloomberg | Getty Images Asian tech and chip-related stocks fell Tuesday after U.S. President Donald Trump made it clear that tariffs on Mexico and Canada would go into effect as planned. Trump said the […]
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CNBC Daily Open: Elon Musk’s money can’t buy OpenAI
Elon Musk, chief executive officer of Tesla Inc., in the Oval Office of the White House in Washington, DC, US, on Tuesday, Feb. 11, 2025. Aaron Schwartz | Bloomberg | Getty Images In January, U.S. consumers didn’t feel as inclined to open their wallets, causing retail sales for the month to fall more than expected, […]
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Why China investors have stayed out of China despite many stimulus measures
Professional investors have stayed away from China’s stock markets despite several attempts by the country’s government to revive investment sentiment. An analysis of fund data reveals portfolio managers have steadily lowered their allocation toward China equities since mid-2020 when Beijing intervened in its property sector with the “three red lines” rule to address concerns of […]
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Asia tech stocks rise after Trump pauses tariffs on China and Mexico
Meituan Dianping application icons are displayed on an Apple Inc. iPhone in Hong Kong, China, on Friday, March 23, 2018. Justin Chin | Bloomberg | Getty Images Asian tech stocks rose Tuesday, following news that U.S. president Donald Trump had paused tariffs on Mexico for a month, while also postponing tariffs on Canadian exports. Gains […]
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