#TENCENT News

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Tencent Cloud Blockchain RPC Supports Sui, Now Covering Over 20 Blockchain Networks

coinspeaker.com Coinspeaker Tencent Cloud Blockchain RPC Supports Sui, Now Covering Over 20 Blockchain Networks Tencent Cloud, a Chinese-based cloud computing platform that introduced its…

Stocks Set To Close Blowout Week, Month And Quarter At All-Time High; Gold Soars To Record

zerohedge.com Stocks Set To Close Blowout Week, Month And Quarter At All-Time High; Gold Soars To Record Stock futures are pointing to a flat open on the last trading session of the week,…

China's economic slump wipes 155 billionaires off global rich list

newsweek.com China has lost a total of 155 billionaires after slowing growth wiped off wealth, according to a new report. "China is down 155 billionaires but still world number one with…

Artificial Intelligence (AI) Stock Nvidia May Be in a Bubble, but These 3 AI Stocks Have Never Been Cheaper

finance.yahoo.com Wall Street is a stomping ground for innovation. Since the advent of the internet three decades ago, there have been a long list of next-big-thing trends and innovations…

5 Investors Betting Big on Reddit (RDDT) Stock

investorplace.com Shares of Reddit (NYSE:RDDT) are continuing their hot streak and are up by over 10% today. RDDT stock has now almost doubled from its initial public offering ( ) price of…

Reddit investors shrug off hold rating, bid up stock another 15% as post-IPO rally continues

cnbc.com Reddit CEO Steve Huffman stands on the floor of the New York Stock Exchange (NYSE) while ringing a bell on the floor setting the share price at $47 in its initial public…

How Tencent's New Mobile Ventures Aim To Mimic Palworld's Global Success

benzinga.com Tencent Holdings ADR TCEHY is drawing inspiration from the breakout success of Palworld to rejuvenate its core business. According to Bloomberg, the company's leading…

Tencent Is Looking to Fill Nvidia’s Gap in China’s Chip Market

marketbeat.com The United States and China have been in an ongoing conflict over technology. Every week seems to bring a new ban on what China can and cannot use in terms of chip and…

Alibaba scraps IPO of logistics unit Cainiao, says it will take full ownership

cnbc.com The Alibaba Group company logo is displayed on a screen at the New York Stock Exchange during morning trading on February 14, 2024 in New York City. Alibaba on Tuesday said…

China’s EV price war is killing brands and infuriating consumers

restofworld.org Mandy Pan thought she couldn’t go wrong with her first major purchase out of university: a silver plug-in hybrid from China’s leading electric vehicle maker, BYD. The…

7 Stocks That Could Be the Next Amazon or Google: March 2024 Edition

investorplace.com These names could pop thanks to sharp moves and long-term trends Amazon (NASDAQ:AMZN) remains the undisputed king of e-commerce. Alphabet’s (NASDAQ: ,NASDAQ: ) continues to…

Forget the "Magnificent Seven." Here Are 2 Unbelievably Cheap Tech Stocks to Buy Hand Over Fist

finance.yahoo.com The Magnificent Seven are some of the most dominant and profitable businesses in the world. But these stocks command high valuations and multitrillion-dollar market caps.…

3 Body Problem piracy spikes in China, reflecting intense interest as Hollywood films struggle

scmp.com A huge spike in online piracy of Netflix’s 3 Body Problem on the day of its release in China, where the streaming service and its original shows are not officially…

Samsung preps inferencing accelerator, scores huge sale

theregister.com Asia In Brief Samsung has reportedly secured a massive sale of an AI accelerator it plans to launch in 2025. Korean media report that Samsung execs revealed the existence of…

The Chinese Communist Party wants (a bit) less consumer internet

economist.com INVESTORS IN CHINESE tech stocks might feel like characters in an online “party game”, a type of multiplayer activity that became all the rage in 2023. The latest addition…

China is shoring up the great firewall for the AI age

economist.com China faces a problem familiar to dictatorships throughout history: how to strike a balance between growth-boosting innovation, which thrives in a free society, and the…

Netflix’s ‘3 Body Problem’ Draws Fire in China, Praise From U.S. Conservatives

hollywoodreporter.com Netflix’s acclaimed new sci-fi epic 3 Body Problem is getting some heated reactions from viewers in China, while its opening scene is drawing praise among some conservatives…

3 Stocks That Could Be the Next Big Thing in Virtual Reality

investorplace.com These virtual reality stocks should flourish as the ecosystem expands Apple (NASDAQ: ) launched its Vision Pro augmented reality headset in January. So far, early results…

Reddit’s CEO gets $900 million richer from stock’s pop. Here’s who else made bank

marketwatch.com Reddit’s post-IPO stock action has benefited executives as well as Sam Altman, Tencent and other investors.

Why Reddit founder made nothing on $6.4 billion IPO

newsweek.com Reddit's journey from a college dorm room idea to a publicly traded entity capped off with a $6.4 billion IPO on Thursday, cementing its place as the newest social media…

Reddit Tops Market As The Most Traded Stock Upon Debut, Beating Nvidia and Tesla Out Of Race

watcher.guru Reddit made its stunning stock market debut on Thursday, embracing incredible momentum and vigor. Reddit’s share price traded at a staggering $47 per share, with investors…

Paramount Stock Rides Roller Coaster Back Down After Report That Shari Redstone Is “Unconvinced” By Apollo Offer For Studio

deadline.com Paramount Global shares, which soared Wednesday on news that Apollo had made an $11 billion offer for Paramount Pictures, has slumped today after a report splashed cold…

‘Flat and shallow’: Netflix’s 3 Body Problem divides viewers in China

theguardian.com Netflix’s big-budget adaptation of Three-Body Problem, a series of novels by the Chinese author Liu Cixin, has divided opinion on Chinese social media. The eight-episode…

Reddit shares soar on first day of public trading

theguardian.com Social media platform Reddit’s (RDDT.N) shares ended their first day of trading in New York up 48%, signaling that investor appetite for initial public offerings of…

Tencent Music Entertainment Group Announces Senior Management Changes

benzinga.com SHENZHEN, China, March 22, 2024 /PRNewswire/ -- Tencent Music Entertainment Group ("TME", or the "Company") TME, the leading online music and audio entertainment platform in…

Sam Altman's Reddit stake worth over $600 million after first day pop on NYSE

cnbc.com Reddit mascot Snoo is seen on the floor of the New York Stock Exchange (NYSE) as Reddit begins trading in New York on March 21, 2024. OpenAI CEO Sam Altman says he has no…

Chinese tech giants tout advancing AI models in race to catch up

scmp.com The rapid advances in AI technology has fuelled a heated race among Chinese technology firms to catch up with global AI leaders. Comments made by top executives this…

Tencent's Assassin's Creed Jade Delayed To 2025 As Focus Shifts To DreamStar

benzinga.com Gamers eagerly waiting for the debut of Assassin's Creed Jade will have to wait until 2025. The game's developer, Tencent Holdings ADR TCEHY, has reportedly delayed the…

Reddit pops as much as 70% in NYSE debut after selling shares at top of range

aol.com Reddit shares jumped as much as 70% in their debut on Thursday in the first initial public offering for a major social media company since Pinterest hit the market in 2019.…

Reddit stock slated to start trading on NYSE

npr.org Reddit stock is slated to start trading on the New York Stock Exchange Thursday after the IPO priced at $34 a share — at the top of its expected initial price range — as…

Reddit pops as much as 70% in NYSE debut after trading at top of range

cnbc.com A person records the Reddit mascot as it rings the opening bell, at the New York Stock Exchange (NYSE) in New York City, U.S., March 21, 2024. Reddit shares jumped as much…

Tracking 2024’s Largest IPOs: Reddit, Shein, Panera Bread and More

observer.com Despite a slow last couple of years, the market for initial public offerings (IPOs) is expected to recover in 2024. In the past two years, rising inflation and high interest…

Reddit Announces $34 Price Point for IPO Shares in First Social Media Company Debut since 2019

coinspeaker.com Coinspeaker Reddit Announces $34 Price Point for IPO Shares in First Social Media Company Debut since 2019 Social news aggregation and forum website Reddit has announced a…

India’s Pocket FM Raises $103 Million in Funding to Expand Audio Series Globally

variety.com Pocket FM, a fast-growing audio entertainment startup based in India, said it banked $103 million in Series D funding as it looks to boost its presence in the U.S. and…

Tencent Revenue Disappoints, Gaming Blamed For Shortfall

asiafinancial.com Chinese tech giant Tencent has blamed declining gaming revenues for a weaker-than-expected 7% rise in fourth-quarter revenue on Wednesday. The world’s largest video game…

Tencent to double share buybacks as Q4 sales miss expectation

asia.nikkei.com HONG KONG -- Tencent Holdings intends to at least double its share buybacks this year to 100 billion Hong Kong dollars ($12.8 billion), the Chinese tech giant said…

Tencent Doubles Buybacks to Over $12.8 Billion as Sales Miss

finance.yahoo.com Tencent Holdings Ltd. plans to more than double its stock buyback program to at least $12.8 billion in 2024, mollifying investors concerned about a gradual dissipation of…

China’s Tencent posts weak fourth-quarter revenue growth, plans to double share buybacks

theglobeandmail.com China’s Tencent Holdings posted a weaker-than-expected 7 per cent rise in fourth-quarter revenue on Wednesday as its gaming revenue shrank, and said it was expecting to at…

Profits Slide at China’s Tencent as 2023 Revenues Hold Steady

variety.com China’s social media, games and video giant Tencent saw 2023 revenues advance by 10% to $84.6 billion (RMB609 billion). But its net profits slid to $16.3 billion (RMB118…

Tencent Doubles Buybacks to Over $12.8 Billion After Sales Miss

finance.yahoo.com Tencent Holdings Ltd. plans to more than double its stock buyback program to at least $12.8 billion in 2024, mollifying investors concerned about a gradual dissipation of…

Bengaluru-based audio platform Pocket FM, which offers series with short episodes, raised a $103M Series D led by Lightspeed, a source says at a $750M valuation

techcrunch.com India-based audio platform Pocket FM has secured $103 million in Series D funding led by Lightspeed Ventures with participation from Stepstone Group. The company, which…

Tencent’s annual and quarterly results miss estimates amid weaker video gaming sales

scmp.com Net income in the period was 27 billion yuan, down 75 per cent due to a high base from gains from the disposal of Meituan shares a year earlier. That was still below the…

China's Tencent posts weak revenue growth, plans to double buybacks

finance.yahoo.com China's Tencent Holdings posted a 7% rise in fourth-quarter revenue on Wednesday, trailing analysts' expectations, as China’s economic slowdown takes a toll, and said it was…

Why these leaked Meta images need a second look

thestreet.com Fast Facts Photos purporting to be a new Meta Quest headset model have been posted The model is aimed at a budget customer Some believe the leaked images are fake About a…

Stock market today: Nvidia's new AI chip fails to impress investors as US futures dip

aol.com None US stock futures slid on Tuesday after Nvidia unveiled a new AI chip called Blackwell on Monday. • None Investors weren't blown away, sending Nvidia shares down as much…

Tencent Music Profits Reach $735 Million, Despite Revenue Decline

variety.com Net profits at Tencent Music Entertainment, China’s largest digital music company, climbed 36% to reach $735 million (RMB5.22 billion) in 2023 – despite revenues declining…

Nikkei Surges on Weak Yen, Hang Seng Edges Ahead on Tech

asiafinancial.com Asian stocks started the week on the front foot with investor mood upbeat on the back of promising China data and ahead of a host of central bank meetings over the next five…

Better Growth Stock: Baidu vs. Alibaba

finance.yahoo.com Baidu (NASDAQ: BIDU) and Alibaba (NYSE: BABA) were both once considered relatively safe plays on the Chinese economy's long-term growth. Baidu owns the country's leading…

China’s leaders are flailing as markets drop

economist.com In recent weeks, China’s economic policymaking has been not just inadequate but a little skittish. On January 23rd draft rules on video games disappeared from the…

Daybreak Weekend: Fed Preview, UK Rate Decision, Tencent Earnings

omny.fm Bloomberg Daybreak Weekend with Tom Busby takes a look at some of the stories we'll be tracking in the coming week. In the US - a preview of next week’s Fed decision and…

Tencent’s new AI video-generation tool brings static images to life in collaboration with Tsinghua and HKUST

scmp.com Tencent said it will release the full code for the model in April, but a demo is already available on GitHub. Researchers showcased some of its capabilities there, with one…

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