Tencent's $66 billion wipeout bodes ill for Hong Kong stocks

2019-05-21 14:28

A quickening tumble in Tencent is likely to aggravate this month’s slump in Hong Kong equities as the trade war intensifies in the tech sector.

Alibaba, Tencent to show how China is handling the trade war

2019-05-14 21:37

Their enormous sprawl will likely help investors take the temperature of everything from the United States-China trade war and consumer spending to global technology investment.

Naspers is bringing SoftBank-style mega-tech to Europe

2019-03-26 05:45

Naspers' Dutch listing is a positive move for the tech sector, says Alex Webb.

WATCH: Tencent profit tumbles after Chinese gaming review

2019-03-22 20:33

Tencent profits have taken a tumble after Chinese regulators conducted a review of the lucrative online gaming sector.

Tencent-backed Meituan's losses balloon in duel with Alibaba

2019-03-11 19:39

Backed by WeChat-operator Tencent, Meituan is spending heavily to wage a pitched battle with Alibaba’s and Fliggy in a cut-throat arena for on-demand services.

Tencent, buyout firms said to weigh potential bids for Nexon

2019-01-25 16:22

Tencent, as well as private equity firms Hillhouse Capital and KKR & Co., are considering bids to acquire a major stake in gaming company Nexon, people familiar with the matter have said.

Tencent, Netease still frozen out as China approves latest games

2019-01-22 20:41

Tencent and Netease were left out again when regulators green-lit the latest batch of online games, spurring concern that China’s largest gaming companies may have to wait longer than anticipated to start making money off hit titles.

Hong Kong sets worst annual loss in years, joining global stocks

2018-12-31 08:02

Hostage to everything from the US-China trade dispute, a global tech sell-off and interest rate hikes, this has been one of the toughest years for Hong Kong stocks.

Tencent Music sets $1.1bn IPO at bottom as markets gyrate

2018-12-12 21:43

Tencent Music and existing investors have raised about $1.1bn after pricing a US initial public offering at the bottom of a marketed range, succumbing to the same global market turbulence that’s sapped enthusiasm for stock debuts.

Naspers eyes more opportunities in food delivery

2018-11-30 19:57

Naspers is focusing on expanding in the food delivery space, and the internet and media group is also still bullish about its growth prospects through its stake in Chinese tech giant Tencent, says CFO Basil Sgourdos.


Tencent revenue growth hits its slowest pace since IPO

2019-05-16 15:59

Tencent has reported the slowest pace of sales growth since it went public in 2004, as China’s largest company struggles to revive a battered gaming division while battling the country’s decelerating economy.

Tencent unveils latest entry in Battle Royale death-match genre

2019-05-08 10:15

Tencent has unveiled its latest entry in the Battle Royale death-match genre, allowing China's largest social media company to begin cashing in on a red-hot gaming arena.

Naspers CEO bets Dutch listing will fix Tencent stake discount

2019-03-25 18:26

Naspers Chief Executive Officer Bob van Dijk has been working for years to solve a problem rivals might envy – getting investors to value his South African firm nearer to its $133bn stake in Tencent.

Tencent is said to target 10% of managers for job cuts, demotion

2019-03-19 07:21

Tencent is putting about 10% of its managers on notice, as China’s largest gaming and social media company shakes up its workforce amid cooling growth and intensified competition, according to people familiar with the matter.

Tencent scores twin game approvals after months-long freeze

2019-01-25 21:22

Tencent and Netease have gotten several of their less-important titles approved in China, as the world’s largest gaming market recovers from a months-long shutout that had thrown the industry into disarray.

China rips into Tencent's news service, kills 9 300 mobile apps

2019-01-23 19:37

China is stepping up its efforts to rein in the country’s internet, singling out Tencent’s popular news app for spreading vulgar information while shutting down more than 700 websites and thousands of apps in the span of just three weeks.

Tencent unveils a Siri-like digital assistant for WeChat users

2019-01-09 13:39

Tencent will soon introduce a Siri-like digital assistant for WeChat, helping the messaging service’s billion-plus users with simple tasks such as playing music and hailing a ride.

China ends 9-month freeze on video-game licensing

2018-12-30 13:05

China has ended a nine-month freeze on video games, approving 80 new titles for commercial release, the Financial Times reported, citing the country’s top media regulator.

Tencent music guides pricing around midpoint in $1.2bn IPO

2018-12-11 21:18

Tencent Music Entertainment is guiding potential investors that it could price its $1.2bn US initial public offering around the midpoint of a marketed range.

Tencent culls WeChat accounts in China's latest content clean-up

2018-11-17 14:34

Tencent plans to rein in content on WeChat by culling the number of public accounts on the platform, responding to the latest in a series of Chinese government clean-ups.

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