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The Latest Breaking News from Tencent

Drone Giant DJI's Russia Halt Pressures Other China Big-Techs

Key Takeaways: DJI has halted its Russia and Ukraine business and will reassess requirements in different legal jurisdictions, following wide-ranging western sanctions on Russia Other Chinese companies facing similar dilemmas include Alibaba, Lenovo, Huawei and Xiaomi By Tina Yip

Benzinga

Why Alibaba, Other Tech Peers Are Trading Higher In Hong Kong Today

Shares of U.S.-listed Chinese tech giants Alibaba Group Holding Ltd (NYSE: BABA), Baidu Inc (NASDAQ: BIDU), JD.Com (NASDAQ: JD), and <

Benzinga

Full Truck Alliance Shift Up a Gear on Regulatory Easing Reports

Key Takeways: Full Truck Alliance shares are up 60% from a mid-March low, including a 32% gain since Friday, on reports that Beijing may ease its regulatory oversight of big tech companies Company is currently undergoing a data security review and said its business could contract in the second quarter…

Benzinga

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China's top leaders signal reprieve for tech companies

Loosening restrictions could remove one source of downward pressure on China's economy.

Axios

China’s financial, logistics and manufacturing giant struggles to get back on its feet as Covid lockdowns snarl logistics and restrict the workforce

Caixin Global

Major Chinese livestreaming platforms planning huge layoffs in blow to Tencent

Huya plan to cut 70% of their 200-person international arm, and 20% of the rest of their business. Douya will be cutting 30% of staff company-wide.

USA Today Sports Media Group

Mass Layoffs at 'China's Instagram': Tough Times or Primping for IPO?

Key takeaways: Xiaohongshu’s recent major layoffs could reflect a tough advertising market, even as it framed the move as normal workforce turnover Others reportedly laying off large numbers of workers include top livestream gaming platforms Huya and DouYu, whose planned merger was nixed by regulators last year

Benzinga

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Yuanxin Tempts Investors With One-Stop Medical Formula in Hong Kong IPO

Key takeaways: Yuanxin Technology has filed for a Hong Kong IPO a second time, aiming to set itself apart from rivals with its wide range of medical services The company’s revenue grew 65% last year, but its losses are growing even more quickly By Li Yaoyao

Benzinga

NetEase's Cloud Music Prosecutes Tencent Music

NetEase, Inc's (NASDAQ: NTES) Cloud Music unit prosecuted Tencent Music Entertainment Group (NYSE: TME) for alleged unfair competition and plagiarizing its app design, Reuters reports.

Benzinga

Alibaba Slips, JD Bucks Tech Slide: What's Dragging Hong Kong Stocks Today

Shares of U.S.-listed Chinese tech giants Alibaba Group Holding Ltd (NYSE: BABA), Tencent Holdings (OTC: TCEHY), JD.Com (NASDAQ: JD), an

Benzinga

Analysis: Will Elon Musk's Twitter Kowtow To Chinese Communist Party Influence?

When Elon Musk first notified the U.S.

Benzinga

Alibaba, Other Tech Peers Snap Losing Streak In Hong Kong: What's Driving Them Today?

Shares of U.S.-listed Chinese tech giants Alibaba Group Holding Ltd (NYSE: BABA), Tencent Holdings (OTC: TCEHY), JD.Com (NASDAQ:

Benzinga

Microsoft Isn't Finished Buying Game Companies

Activision Blizzard won't be the last studio Microsoft acquires.

The Street

Game over? China’s game industry navigates post-crackdown era

Beijing is continuing its strict oversight of the gaming sector despite lifting nine-month freeze on new titles.

Al Jazeera

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news in one place.

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Benzinga

Alibaba, Other Tech Peers Slide For Fourth Session: What's Up With Hong Kong Tech Stocks Today?

Shares of U.S.-listed Chinese tech firms Alibaba Group Holding Ltd (NYSE: BABA), Tencent Holdings (OTC: TCEHY), JD.Com (NASDAQ: JD), and

Benzinga

Why Alibaba, Other Tech Peers Are Sliding For A Third Straight Day In Hong Kong

Shares of U.S.-listed Chinese tech firms Alibaba Group Holding Ltd (NYSE: BABA), Tencent Holdings (OTC: TCEHY), JD.Com (NASDAQ: JD), and

Benzinga

Alibaba Slips Alongside Tech Peers: What's Dragging Hong Kong Markets Today?

Shares of U.S.-listed Chinese tech firms Alibaba Group Holding Ltd (NYSE: BABA), Tencent Holdings (OTC: TCEHY), JD.Com (NASDAQ:

Benzinga

Why Alibaba, Tech Peers Are Deep In The Red In Hong Kong Trading Today

Shares of U.S.-listed Chinese tech firms Alibaba Group Holding Ltd (NYSE: BABA), Tencent Holdings (OTC: TCEHY), and Baidu Inc (NASDAQ: BID

Get all your
news in one place.

100’s of premium titles.
One news app.

Benzinga

Move Over Roblox, A Lego-Themed Metaverse For Kids Could Be Coming

One of the most popular games for kids over the past five years has been Roblox, a PC and mobile game from Roblox Corp (NYSE: RBLX). Could a competing metaverse game from one of the most popular kids’ toys of all-time take market share away?

Benzinga

Tencent To Block Chinese Gamers' Access To Foreign, Unapproved Games: Reuters

Tencent Holdings Ltd (OTC:TCEHY) looks to shut down a service that allowed Chinese gamers to access overseas platforms to play unapproved foreign games reflecting the growing regulatory crackdown, Reuters reports. The report noted Tencent aims to update its games speed booster mobile and desktop apps to new versions on May 31 to…

Benzinga

Why Alibaba Is Sliding, While Other Tech Stocks Are Rising In Hong Kong Today

Shares of U.S.-listed Chinese tech firms JD.Com Inc. (NASDAQ: JD), Tencent Holdings (OTC: TCEHY), and Baidu Inc. (NASDAQ:

Benzinga

Alibaba Slips, Tencent, Baidu Extend Gains: What's Weighing On Hong Kong Tech Stocks Today?

Shares of U.S.-listed Chinese tech companies Alibaba Group Holdings Ltd. (NYSE: BABA), JD.Com Inc.

Benzinga

Alibaba Slumps While JD, Tencent Strike Gains In Hong Kong

Shares of U.S.-listed Chinese tech companies Alibaba Group Holdings Ltd. (NYSE: BABA), JD.Com Inc. (NASDAQ: JD), Tencent Holdings (OTC:

Benzinga

Why This Chinese Internet Giant's Top Execs Took A Deep Pay Cut In 2021

Chinese technology, media and entertainment conglomerate Tencent Holdings Limited (OTC: TCEHY) is among the high-profile companies in the country to fac

Benzinga

China Cracks Down Upon Tencent, Other Tech Giants Over Algo Abuse; Questions Alibaba, Others To Address Job Cuts

China looks to rein in the potential abuse of algorithms by internet giants from ByteDance Ltd to Tencent Holdings Ltd (OTC: TCEHY), Bloomberg reports. The Cyberspace Administration of China looks to inspect how social media platforms serve up ads and content to hook users, especially the large-scale websites, platforms, and products with significant influence.…

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