Tencent Holdings Ltd
China and Europe are leading the push to regulate A.I. — one of them could set the global playbook
A robot plays the piano at the Apsara Conference, a cloud computing and artificial intelligence conference, in China, on Oct. 19, 2021. While China revamps its rulebook for tech, the European Union is thrashing out its own regulatory framework to rein in AI but has yet to pass the finish line. Str | Afp | […]
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Tencent profits plunge as Chinese tech giant grapples with Covid lockdowns, regulation
Signage for Tencent Holdings atop an office building in Shanghai, China, on March 22, 2022. China’s Tencent reported on Wednesday its quarterly profit halved from a year ago and revenues stagnated, blaming cuts in advertising spending by consumer, e-commerce and travel businesses for its worst performance since it went public in 2004. Qilai Shen | […]
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Shares of Shopee-owner Sea surge 14% after stronger-than-expected revenue
Singapore, Singapore – 2021: A large Shopee logo at the entrance to the e-commerce platform’s headquarters at Science Park. (Exact photography date unknown due to incorrect camera settings) Kokkai | Istock Unreleased | Getty Images Shares of Southeast Asia’s e-commerce and gaming firm Sea Group popped after its first-quarter revenue beat analysts’ expectations on Tuesday. […]
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China has signaled easing of its tech crackdown — but don’t expect a policy U-turn
China has shown signs of easing its crackdown on the technology sector which has wiped billions of dollars of value from its most prominent companies. But analysts said Beijing’s recent positive rhetoric should not be mistaken for a reversal of policy. “I think the big tech companies will have a grace period for maybe the […]
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Chinese e-commerce giant JD beats estimates despite slowest quarterly revenue growth on record
Chinese e-commerce giant JD.com posted its slowest quarterly revenue growth on record for the first three months of the year, as Covid-19 lockdowns in the world’s second-largest economy weighed on consumer spending. JD.com beat estimates on revenue but missed expectations on profit. Here’s how JD did in the first quarter of 2022, versus Refinitiv consensus […]
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JPMorgan upgrades China’s tech sector, says it’s time to buy these stocks
This photo from September 25, 2020 shows Jack Ma, founder of Alibaba Group, attending the opening ceremony of the 3rd All-China Young Entrepreneurs Summit in Fuzhou, Fujian Province of China. Alibaba is among the Chinese technology stocks recently upgraded by JPMorgan analysts. Lyu Ming | China News Service via Getty Images JPMorgan has upgraded Chinese […]
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Hong Kong’s Hang Seng index drops more than 3% following Wall Street tumble
SINGAPORE — Shares in Asia-Pacific largely declined in Friday morning trade after an overnight drop on Wall Street sent the Dow Jones Industrial Average to its worst day since 2020. Hong Kong’s Hang Seng index led losses regionally as it fell 3.27%. In mainland China, the Shanghai Composite slipped 1.56% while the Shenzhen Component shed […]
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Chinese tech giant NetEase launches first gaming studio in U.S. in international push
NetEase’s U.S. game studio called Jackalope Games highlights the Chinese tech giant’s aggressive interntational push as the domestic game market faces headwinds. Xing Yun | Costfoto | Future Publishing | Getty Images Chinese gaming giant NetEase has launched its first fully-owned gaming studio in the U.S. as it ramps up international expansion against the backdrop […]
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Hong Kong’s Hang Seng rises nearly 2%, mainland China stocks mixed on return from holidays
It was the push back on a 75bp hike from the US Fed Chair Powell that set the market rally in motion. Lavanya Venkateswaran economist, Mizuho Bank The S&P/ASX 200 in Australia climbed 0.64%, while MSCI’s broadest index of Asia-Pacific shares outside Japan traded 1.35% higher. Markets in Japan and South Korea are closed on […]
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UBS expects these Chinese stocks to soar by over 30%, despite China’s Covid controls
Based on China’s latest Covid control measures and rising inflation, UBS analysts have shaken up their list of top stocks for investing in the country. Source
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