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Midday Takeaway: HSI Closes Midday at 18,369, Down 181 pts; HSTI Closes Midday at 3,621, Down 25 pts; LONGFOR Down over 4%

At midday close, HSI dropped 181 pts or 1.0% to 18,369. HSTI dropped 25 pts or 0.7% to 3,621. HSCEI…

TONGCHENGTRAVEL, TENCENT Present Cultural Tourism Ecological Joint Marketing Plan

TONGCHENGTRAVEL (00780.HK) announced the release of a cultural tourism ecological joint marketing plan with TENCENT (00700.HK), concentrating the global ecological…

Tencent, Alibaba gain as Hong Kong stocks waver amid cautious sentiment while US debt-ceiling deal moves to Congress

Hong Kong stocks wavered as sentiment remained cautious while traders watch the fate of the US debt-ceiling deal in Congress…

HK Open: HSI Lifts 23 pts; BABA, SMIC, EV Makers Burgeon

At open, the HSI gained 23 pts or 0.1% to 18,574; the HSCEI elevated 17 pts or 0.3% to 6,268;…

TENCENT Buys back 1.11M Shrs for $352M

TENCENT (00700.HK) disclosed that on 29 May, it repurchased 1.11 million shares of the company on the Stock Exchange, at…

China’s internet platforms proved a safety net for young workers amid record unemployment and a Big Tech crackdown

Big Tech firms from Tencent to ByteDance helped create millions of vloggers, content writers and e-commerce sellers amid a slow…

HKD872.7M Southbound Trading Net Outflow from TENCENT

There was HKD715.1 million and HKD104 million Southbound Trading net inflow to MEITUAN-W (03690.HK) and SMIC (00981.HK).There was HKD872.7 million,…

Tencent Video to Fire Up 618 Shopping Promotions This Wed; Technical Service Fee Rate to Be Slashed to 1%

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Chinese Big Tech firms are on the comeback trail amid economic recovery and US tensions

Recent earnings reports from Alibaba, Baidu and Tencent show optimism in an improved regulatory environment and a recovering Chinese economy.…

HKD4.4B Southbound Trading Net Inflow to TRACKER FUND

There was HKD4.4 billion, HKD822.2 million and HKD821.2 million Southbound Trading net inflow to TRACKER FUND (02800.HK), HSCEI ETF (02828.HK)…

Full-day Takeaway: HSI Down 369 pts; HSTI Down 84 pts; MEITUAN Down over 3%; TENCENT Down over 3%; Market Turnover Rises

At close, HSI dropped 369 pts or 1.9% to 18,746. HSTI dropped 84 pts or 2.2% to 3,691. HSCEI fell…

Midday Wrap-up: HSI Craters 395 pts; BABA, Tencent Muted; EV Makers Plummet

The HSI steepened its decline after opening lower by 185 pts. The index wrapped up the first half of the…

Midday Takeaway: HSI Down 395 pts; HSTI Down 93 pts; MEITUAN Down over 4%; BABA Down over 3%; TENCENT Down over 3%

At midday close, HSI dropped 395 pts or 2.1% to 18,720. HSTI dropped 93 pts or 2.5% to 3,682. HSCEI…

Time for China Tech ETFs Despite Mixed-Bag Earnings?

Despite mixed earnings reports from Chinese tech giants like Baidu, Alibaba and Tencent, analysts remain optimistic about the future of…

Tencent replaces chairman at video game live-streaming platform Huya amid regulatory pressure and increased market competition

The executive shuffle is expected to bring greater synergies between Tencent’s video gaming and live-streaming businesses....…

JD.com steigt in den Preiskampf mit Cloud Computing - Diensten wie Alibaba und Tencent ein

SHANGHAI (IT-Times) - Die chinesische E-Commerce- und Logistik-Plattform JD.com hat neue Marketing-Aktionen für seine Cloud-Sparte angekündigt und verspricht günstige......…

HKD2.8B Southbound Trading Net Outflow from TRACKER FUND

There was HKD239.5 million, HKD77.1 million and HKD61.1 million Southbound Trading net inflow to TENCENT (00700.HK), SMIC (00981.HK) and MEITUAN-W…

TENCENT Buys back 1.06M Shrs for About $354M

TENCENT (00700.HK) disclosed that on 24 May, it repurchased 1.06 million shares of the company on the Stock Exchange, at…

WeChat Video Account Live Push Game Switched on

WeChat announced that the function of "video account live push game" has been launched. As such, game manufacturers, which develop…

TikTok Sues Montana Over Ban

TikTok Sues Montana Over Ban TikTok has filed a…

Chinas internet giants bet big on A.I. as Beijing looks to rival U.S. on tech paradigm shift

On their March quarter earnings calls, Chinese tech giants Baidu, Alibaba and Tencent outlined progress theyre making with the development…

TENCENT VP Said to Act as Huya (HUYA.US) Chair

TENCENT (00700.HK) integrates game-related businesses, under which Lin Songtao, vice president of the group, will succeed Huang Lingdong as chairman…

South African challenger bank TymeBank raises $77.8M from Norrsken22 and Blue Earth Capital

South African digital banking platform Tyme has raised $77.8 million in a pre-Series C round led by African-focused growth stage…

HUYA Inc. Announces Changes to Board Composition

GUANGZHOU, CHINA, May 23, 2023 /PRNewswire/ -- HUYA Inc. (NYSE: HUYA) ("Huya" or the "Company"), a leading game live streaming…

Full-day Takeaway: HSI Down 246 pts; HSTI Down 51 pts; PING AN Down over 3%

At close, HSI dropped 246 pts or 1.3% to 19,431. HSTI dropped 51 pts or 1.3% to 3,852. HSCEI fell…

Tencent Reportedly Granted Patent for Palm Print Recognition Model, Capable of Enhancing User Identification Accuracy

According to Chinese media reports, data from Tianyancha showd that Tencent Technology (Shenzhen) has been granted a patent for a…

TENCENT (00700.HK) Repurchases 1.03M Shrs for $350M

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86 CN Online Games Approved in May; TENCENT (00700.HK), NTES-S (09999.HK) Games on List

The National Press and Publication Administration (NPPA) released the approval results of Chinese online games in May, with 86 games…

HKD2.5B Southbound Trading Net Outflow from TRACKER FUND

There was HKD824.9 million, HKD372.9 million and HKD285.7 million Southbound Trading net inflow to TENCENT (00700.HK), MEITUAN-W (03690.HK) and CHINA…

Tencent launches palm payments in Beijing, allowing metro passengers to pay with the wave of a hand

WeChat users who register their palm prints can pay for rides on Beijing’s airport express line using only their hands…

Tencent-Hillhouse Capital JV Blue 1Q APE Spikes Over 90% QoQ

Blue, an online life insurance company, recorded a strong growth in the first quarter of this year, with annualized premium…

Full-day Takeaway: HSI Up 227 pts; HSTI Up 81 pts; MEITUAN Up over 3%

At close, HSI rose 227 pts or 1.2% to 19,678. HSTI rose 81 pts or 2.1% to 3,903. HSCEI gained…

Warum die Aktien von Technologiewerten wie Alibaba, BYD, Baidu und Tencent heute deutlich zulegen

HONGKONG (IT-Times) - Der Hang Seng Tech Index kann heute Morgen deutlich zulegen, Aktien von Unternehmen wie Alibaba, Baidu, JD…

Midday Takeaway: HSI Up 252 pts; HSTI Up 91 pts; KUAISHOU-W Up over 6%

At midday close, HSI rose 252 pts or 1.3% to 19,702. HSTI rose 91 pts or 2.4% to 3,913. HSCEI…

WeChat Launches Palm Pay Feature

TENCENT (00700.HK)(TCEHY.US)'s communication software WeChat officially announced the launch of WeChat Palm Pay, a new feature that allows users to…

Alibaba, Baidu and Tencent Signal First Steps in Bumpy Recovery

The economy is open again, helping Alibaba, Baidu and Tencent claw back in the first quarter from a miserable 2022,…

Where Will Tencent Stock Be in 5 Years?

Brighter days could be ahead for the Chinese tech giant....…

HKD1.7B Southbound Trading Net Outflow from TRACKER FUND

There was HKD323.3 million, HKD92.6 million and HKD24.4 million Southbound Trading net inflow to CHINA MOBILE (00941.HK), CNOOC (00883.HK) and…

Full-day Takeaway: HSI Down 276 pts; HSTI Down 95 pts; BABA Down over 6%; MEITUAN Down over 3%; SHOUCHENG, CHINA LILANG Hit New Highs

At close, HSI dropped 276 pts or 1.4% to 19,450. HSTI dropped 95 pts or 2.4% to 3,821. HSCEI fell…

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