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Blue Chip Results: TENCENT 1H23 Non-IFRS NP Leaps 31% YoY to RMB70.086B, Close to Upper End of Forecast

TENCENT (00700.HK) announced its interim results for the six months ended June this year, with revenue of RMB299.194 billion, growing…

HK Wrap-up: HSI Drops 251 pts; Banks Weak, while TENCENT Wanes

Hong Kong stocks fell today as the market continued to be concerned about the Chinese economy. HSI opened 224 points…

Tencent posts 11 per cent increase in second quarter revenue on advertising recovery as it gets back on track for growth

Tencent has been looking for new growth opportunities, including joining the stampede to launch ChatGPT-like products....…

*TENCENT 1H23 NP Adds 24% YoY to RMB52.009B, Below Forecast

~AAStocks Financial NewsWeb Site: www.aastocks.com...…

Chinas Tencent misses expectations despite fastest profit rise since late 2021

Tencent on Wednesday reported a surge in profit for the second quarter, but missed expectations....…

*TENCENT 1H23 Non-IFRS NP Leaps 31% YoY to RMB70.086B, Close to Upper End of Forecast

~AAStocks Financial NewsWeb Site: www.aastocks.com...…

Spending of Global Mobile Game Players Stay Flattish YoY in Jul; Honor of Kings Remains Top Seller

The aggregate spending of global mobile game players on App Store and Google Play reached USD6.56 billion in July 2023,…

HK Open: HSI Opens 224 pts Down; HSBC & NIO Pressurized

Hong Kong stocks opened lower in the morning along with the external market. HSI opened 224 points or 1.2% lower…

Tencent Q2 2023 Earnings Preview

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HKD678.4M Southbound Trading Net Inflow to CHINA MOBILE

There was HKD678.4 million, HKD362.3 million and HKD292.7 million Southbound Trading net inflow to CHINA MOBILE (00941.HK), XPENG-W (09868.HK) and…

Tencent Q2 Profit Rises; Revenues From Online Music Services Up 47.6%

WASHINGTON (dpa-AFX) - Tencent Holdings Limited (TCTZF.PK, TCEHY.PK) reported that its second-quarter net profit attributable to equity holders was RMB…

SF Express E-commerce Livestreaming within WeChat Mini Program

Shanghai Securities News reported that SF Express started low-key e-commerce livestreaming in the WeChat mini program. Products are mainly fresh…

Tencent Holdings Expected to Post 80% Rise in Second-Quarter Net Profit -- Earnings Preview

Tencent Holdings Expected to Post 80% Rise in Second-Quarter Net Profit -- Earnings Preview...…

Midday Takeaway: HSI Closes Midday at 18,622, Down 151 pts; HSTI Closes Midday at 4,193, Down 15 pts; WHARF REIC Down over 7%; CSSC SHIPPING Hit New Highs

At midday close, HSI dropped 151 pts or 0.8% to 18,622. HSTI dropped 15 pts or 0.4% to 4,193. HSCEI…

Triple woes weigh on Alibaba, Tencent and other Chinese tech titans

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HKD608.8M Southbound Trading Net Inflow to TENCENT

There was HKD608.8 million, HKD345 million and HKD276.2 million Southbound Trading net inflow to TENCENT (00700.HK), MEITUAN-W (03690.HK) and XPENG-W…

Midday Takeaway: HSI Closes Midday at 19,128, Down 119 pts; HSTI Closes Midday at 4,296, Down 81 pts; COUNTRY GARDEN Down over 8%

At midday close, HSI dropped 119 pts or 0.6% to 19,128. HSTI dropped 81 pts or 1.9% to 4,296. HSCEI…

HKD178.3M Southbound Trading Net Inflow to TENCENT

There was HKD178.3 million, HKD132.1 million and HKD121.3 million Southbound Trading net inflow to TENCENT (00700.HK), CNOOC (00883.HK) and LI…

Full-day Takeaway: HSI Closes at 19,248, Up 2 pts; HSTI Closes at 4,378, Up 4 pts; TECHTRONIC IND Down over 17%; TRIP.COM-S Hit New Highs

At close, HSI rose 2 pts or 0.0% to 19,248. HSTI rose 4 pts or 0.1% to 4,378. HSCEI gained…

Midday Takeaway: HSI Closes Midday at 19,062, Down 183 pts; HSTI Closes Midday at 4,308, Down 65 pts; TECHTRONIC IND Down over 18%

At midday close, HSI dropped 183 pts or 1.0% to 19,062. HSTI dropped 65 pts or 1.5% to 4,308. HSCEI…

Baidu und Co drücken aufs Tempo: Chinas Internetriesen geben Großbestellung bei Nvidia auf

Die chinesischen Konzerne Baidu, ByteDance, Tencent und Alibaba gehen bei dem US-Chiphersteller Nvidia auf große Einkaufstour. Jedes Unternehmen hat laut…

Baidu, Tencent, BABA, Others Reportedly Order USD5B of Nvidia Chips in Fear of New US Export Curbs

Chinese internet giants including BIDU-SW (09888.HK), ByteDance, TENCENT (00700.HK) and BABA-SW (09988.HK) are rushing to snap up the high-performance semiconductor…

Chips für fünf Milliarden: Chinas Internetriesen geben Großbestellung bei Nvidia in Auftrag

Die chinesischen Konzerne Baidu, ByteDance, Tencent und Alibaba gehen bei dem US-Chiphersteller Nvidia auf ausführliche Einkaufstour. Jedes Unternehmen hat laut…

Canadian Lawmaker Likely Targeted By Chinese Disinformation Campaign

The alleged campaign spread “misleading narratives” about the official on WeChat....…

Result Foresight: Brokers Expect TENCENT Interim Period to Earn 27% More on Non-IFRS; Focuses on Online Game Competition, AI Deployment

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HK Wrap-up: HSI Adds 61 Pts on $85B Turnover; NIO, XPENG and LI AUTO Suppressed

The HSI gained 61 pts or 0.3% to close at 19,246. The HSCEI rose 25 pts or 0.4% to close…

Research Report: M Stanley Forecast on TENCENT 2023 Interim Results (Table)

Morgan Stanley released a report in early July, laying out its forecast for TENCENT (00700.HK)'s interim results for the period…

Research Report: TENCENT Ratings & TPs (Table)

Broker│Rating│Target Price (HKD)Nomura│Buy│$510GF Securities│Buy│$501.6CLSA│Buy│$500DBS│Buy│$498Citi│Buy│$491Shenwan Hongyuan│Buy│$477CICC│Outperform│$475First Shanghai│Buy│$475Jefferies│Buy│$470Deutsche Bank&#......…

Midday Wrap-up: HSI Down 10 pts; Pharma Jumps up, as CANSINOBIO Rebounds 21%

At midday, the HSI fell 10 points or 0.1% to 19,173, the HSCEI downed 9 points or 0.2% to 6,577,…

Mastercard Offers Bank Card Bundle with WeChat Pay from Now on

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CMGE and Tencent Video Reach Long-Term Strategic Cooperation on Legend of Sword and Fairy IP

CMGE (00302.HK) announced the strategic partnership with Tencent Video (Animation)(literal translation of "騰訊視頻(動漫)"), and the long-term strategic cooperation for the…

Alibaba, Tencent $66 Billion Stock Party Starts to Fade: China Tech Earnings

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*G Sachs Trims TENCENT TP to $428, Rating Buy

~AAStocks Financial NewsWeb Site: www.aastocks.com...…

HKD2.2B Southbound Trading Net Inflow to TRACKER FUND

There was HKD2.2 billion, HKD1.8 billion and HKD327.7 million Southbound Trading net inflow to TRACKER FUND (02800.HK), HSCEI ETF (02828.HK)…

HSTECH Once Fades 2.8%; Bilibili, JD, Weibo Down 3-4%; Trip.com Rises Over 1% vs Weak Mkt

The HSTECH snapped a three-day incline and opened lower by 1.9% this morning, dipping below its 10MA. Once sliding by…

Chinesische WeChat-App: Musks Twitter-Vorbild ist der Traum jedes Überwachungsstaates

Elon Musk eifert mit X der chinesischen Super-App WeChat nach. Reichen seine Allmachtsfantasien an die der Kommunistischen Partei in Peking…

HKD1.6B Southbound Trading Net Inflow to TRACKER FUND

There was HKD1.6 billion and HKD24.9 million Southbound Trading net inflow to TRACKER FUND (02800.HK) and XPENG-W (09868.HK).There was HKD318.3…

HK Wrap-up: HSI Dips 1 Pt on $78.9B Turnover; CN Developers, Pharma Subdued

At close, HSI dipped 1 pt to 19,537. HSCEI added 1 pt to 6,734. HSTECH rose 2 pts or 0.05%…

Midday Wrap-up: HSI Dips 4 pts; Pharma In Sell-off, as CG Dives Nearly 7%

At midday close, HSI dropped 4 pts or 0.02% to 19,535. HSCEI dipped 5 pts or 0.1% to 6,727. HSTECH…

GoStudent holt sich mit Kapitalerhöhung 95 Millionen US-Dollar

Deutsche Bank und Investoren wie Left Lane Capital, Tencent und Prosus haben Geld zugeschossen...…

Research Report: CMS: CN Game Mkt Recovers Steadily; TENCENT (00700.HK), NetEase (NTES.US) Rated Overweight

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*CMS: CN Game Mkt Recovers Steadily; TENCENT , NetEase Rated Overweight

~AAStocks Financial NewsWeb Site: www.aastocks.com...…

GoStudent adds another $95M to its war-chest to go after VR and AI-enhanced tutoring

GoStudent — the late-stage tutor marketplace that has raised $686.3 million so far – has now raised another $95 million…

Tencent expands testing of self-developed AI model Hunyuan - report

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Full-day Takeaway: HSI Closes at 19,420, Down 96 pts; HSTI Closes at 4,406, Up 17 pts; TECHTRONIC IND Up over 4%; LVGEM CHINA, ANE Hit New Highs; Market Turnover Rises

At close, HSI dropped 96 pts or 0.5% to 19,420. HSTI rose 17 pts or 0.4% to 4,406. HSCEI fell…

Tencents Self-developed Tencent Hunyuan Foundation Model Reportedly Starts Internal Testing, Connected to Multiple Biz Segments

TENCENT (00700.HK)'s self-developed "Tencent Hunyuan Foundation Model" has entered the application internal testing phase, as multiple staff of the group…

Midday Takeaway: HSI Closes Midday at 19,506, Down 11 pts; HSTI Closes Midday at 4,409, Up 20 pts; TECHTRONIC IND Up over 4%; ANE Hit New Highs

At midday close, HSI dropped 11 pts or 0.1% to 19,506. HSTI rose 20 pts or 0.5% to 4,409. HSCEI…

Australia News Today: Economy, WeChat, US Jobs

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China will Internetnutzung bei Minderjährigen stark einschränken – Aktien von Alibaba, Baidu, Tencent & Co fallen deutlich

BEIJING (IT-Times) - China hat eine weitere Überraschung für die einheimischen Technologiekonzerne im Land parat und will nun die Internetnutzung…

HKD1.7B Southbound Trading Net Outflow from XPENG-W

There was HKD132.8 million Southbound Trading net inflow to EAST BUY (01797.HK). There was HKD1.7 billion, HKD584.7 million and HKD168.6…

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