Tencent Holdings Ltd
Citi names 3 U.S. traded stocks set to benefit China’s stimulus program
Citi has identified three U.S.-traded Chinese stocks that are positioned to benefit from Beijing’s recently announced economic stimulus program. China introduced several supportive policies last month to revive its economic growth and bolster market and consumer confidence. The Chinese government’s efforts have already shown a significant impact, with Chinese internet stocks experiencing substantial gains last […]
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Alibaba, Tencent rally as Beijing stimulus plans push China’s tech stocks to 13-month high
The Alibaba office building is seen in Nanjing, Jiangsu province, China, Aug 28, 2024. CFOTO | Future Publishing | Getty Images Chinese tech stocks, including beaten-down names like Alibaba, rallied this week, hitting highs not seen in more than a year after China’s central bank announced measures to stimulate the world’s second-largest economy. The Hang […]
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A china stock poised for a breakout amid this stimulus rally, according to the charts
The Chinese central bank unrolled the most significant stimulus program since the COVID-19 pandemic and Chinese equities are starting to show signs that the long history of underperformance relative to western equities could possibly be on borrowed time. The name that has already demonstrated leadership that we want to focus on should this move into […]
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China seeks a homegrown alternative to Nvidia — these are some of the companies to watch
Illustration of the China and U.S. flag on a central processing unit. Blackdovfx | Istock | Getty Images U.S. sanctions over the years on China’s semiconductor industry has forced Beijing to ramp up efforts to boost its domestic chip sector. The boom of artificial intelligence and foundational models has only spurred on China’s goal of […]
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Beijing suspends PwC’s China unit for six months in record penalty over Evergrande audit
Chinese regulators on Friday hit PwC’s auditing unit in mainland China with a six-month business suspension and a record fine of 441 million yuan ($62 million) over the firm’s audit of troubled property developer China Evergrande Group. Delivering a strong rebuke to the Big Four firm, China’s securities regulator said its investigation found that PwC […]
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China wants to challenge the U.S. in AI — here’s what Chinese giants are doing with the tech
China is looking to challenge the U.S. in artificial intelligence. China’s tech giants have launched their own AI models. Niphon | Istock | Getty Images Global attention around generative artificial intelligence has been focused on big U.S. companies like OpenAI, Alphabet‘s Google and Meta. But some of China’s giants, from Alibaba to Tencent, have launched […]
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China’s AI models lag their U.S. counterparts by 6 to 9 months, says former head of Google China
Kai-Fu Lee, chairman and chief executive officer of Sinovation Ventures, speaks during the HICOOL Global Entrepreneur Summit on September 11, 2021 in Beijing, China. China News Service | China News Service | Getty Images BEIJING — Chinese artificial intelligence models may be at least half a year behind those developed in the U.S., but Chinese […]
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Alibaba to allow payment through Tencent’s WeChat Pay for the first time on e-commerce apps
The Alibaba Group logo displayed on a mobile phone. Cfoto | Future Publishing | Getty Images Chinese tech giant Alibaba on Wednesday said that its core Taobao and Tmall e-commerce platforms will now allow payment through Tencent’s WeChat app for the first time. Previously, Alibaba’s Chinese e-commerce sites only accepted limited payment options and pushed […]
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China’s first global gaming hit sells millions in a week. An early investor shares what’s next
People walk past the image of the ‘Monkey King’ character, or ‘Sun Wukong’ of Chinese action role-playing game ‘Black Myth: Wukong’, developed by Chinese video game company Game Science, during its launch day in Hangzhou, in eastern China’s Zhejiang province on August 20, 2024. Str | Afp | Getty Images BEIJING – China’s first attempt […]
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