0700-OL.HK - TENCENT

HKSE - HKSE Delayed price. Currency in HKD
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  • Reuters4 hours ago

    China's Tencent invests 4.2 bln yuan for stake in Yonghui Superstores

    Chinese internet giant Tencent Holdings Ltd plans to invest 4.2 billion yuan ($636 million) in a 5 percent stake in Yonghui Superstores Co Ltd , the supermarket chain operator said on Friday. Tencent aims to acquire a combined 478.5 million shares at 8.81 yuan per share from Yonghui's two owners via its affiliate Linzhi Tencent Technology, Yonghui said in a filing to the Shanghai stock exchange. The price of 8.81 yuan a share is a discount to its last closing price of 9.78 yuan on Dec. 8, when the stock surged by its maximum 10 percent daily limit.

  • Bloomberg2 days ago

    Tencent Music Drowns Out Spotify and Apple in China

    One of China’s most-anticipated initial public offerings next year may be music to the ears of Tencent Holdings Ltd. investors because of its potential to drown out any noise Spotify and Apple Music want ...

  • Google opens AI centre in China as competition heats up
    AFP2 days ago

    Google opens AI centre in China as competition heats up

    Google's move to open a Beijing office focused on fundamental research is an indication of China's AI talent

  • Africa’s Biggest Company Is Ready to Fix Its Tencent Problem
    Bloomberg3 days ago

    Africa’s Biggest Company Is Ready to Fix Its Tencent Problem

    Naspers Ltd. Chief Executive Officer Bob Van Dijk said Africa’s largest company will consider “structural options” if its value gap with Tencent Holdings Ltd. persists.

  • Reuters - UK Focus3 days ago

    EMERGING MARKETS-Emerging stocks hit by Fed, China policy-tightening nerves

    Emerging equities fell on Tuesday after two days of strong gains as markets looked to a U.S. Federal Reserve meeting and potential policy tightening in China, though a rise in the oil price to mid-2015 ...

  • Reuters4 days ago

    China video game craze drives booming e-sports market

    EDG's players - when not doing yoga to stay limber - spend most of their time at the camp wielding virtual weaponry playing multi-player battle games like "League of Legends" or Tencent Holdings Ltd's popular "Honour of Kings". China's craze for e-sports is being propelled by the country's booming video game market, the world's largest and one that is expected to register $27.5 billion in sales this year, according to the gaming consultancy Newzoo. Game developers like Tencent and NetEase Inc, and others like Alibaba Group Holding Ltd, are competing to market video games, fill stadiums with fans and sell broadcast rights to the matches.

  • Reuters4 days ago

    China video game craze drives booming e-sports market

    EDG's players - when not doing yoga to stay limber - spend most of their time at the camp wielding virtual weaponry playing multi-player battle games like "League of Legends" or Tencent Holdings Ltd's popular "Honour of Kings". China's craze for e-sports is being propelled by the country's booming video game market, the world's largest and one that is expected to register $27.5 billion in sales this year, according to the gaming consultancy Newzoo. Game developers like Tencent and NetEase Inc, and others like Alibaba Group Holding Ltd, are competing to market video games, fill stadiums with fans and sell broadcast rights to the matches.

  • Reuters4 days ago

    China's Tencent plans retail push with Yonghui Superstores stake

    (Adds details, Yonghui market cap) HONG KONG/SHANGHAI, Dec 11 (Reuters) - Chinese tech giant Tencent Holdings Ltd plans to buy a 5 percent stake in Yonghui Superstores Co Ltd, the department store operator ...

  • Apple to buy music recognizing app Shazam: report
    AFP7 days ago

    Apple to buy music recognizing app Shazam: report

    Apple revolutionized online music with iTunes and in 2015 launched Apple Music as the market turns to streaming, which offers unlimited on-demand listening

  • The Wall Street Journal7 days ago

    [$$] Music-Streaming Giants Spotify and Tencent Music Swap Stakes

    Sweden’s Spotify AB and internet giant Tencent Holdings Ltd. of China confirmed they are making joint equity investments in each other’s music streaming businesses, connecting two of the world’s largest ...

  • Reuters7 days ago

    Spotify and Tencent Music to buy stakes in each other

    Music streaming company Spotify and the music arm of China's Tencent Holdings Ltd will buy minority stakes in each other ahead of the Swedish firm's expected stock market listing next year, the companies said on Friday. The deal will help Spotify, a music streaming leader in Europe and North America, and China-focused Tencent Music, to increase exposure to each other's core markets. The Wall Street Journal reported last week, citing people familiar with the matter, that the firms were in talks to swap stakes of up to 10 percent in each other.

  • Market Realist7 days ago

    Why Tencent Music and Spotify AB May Swap Stock

    Chinese video game and social media giant Tencent Holdings (TCEHY) has been investing big in global companies.

  • Spotify and Tencent announce cross-shareholding deal
    AFP7 days ago

    Spotify and Tencent announce cross-shareholding deal

    Spotify and China's Tencent are going to buy shares in each other.

  • Spotify and Tencent Music to buy stakes in each other
    Reuters7 days ago

    Spotify and Tencent Music to buy stakes in each other

    Music streaming company Spotify and the music arm of China's Tencent Holdings Ltd will buy minority stakes in each other ahead of the Swedish firm's expected stock market listing next year, the companies said on Friday. The deal will help Spotify, a music streaming leader in Europe and North America, and China-focused Tencent Music, to increase exposure to each other's core markets. The Wall Street Journal reported last week, citing people familiar with the matter, that the firms were in talks to swap stakes of up to 10 percent in each other.

  • Spotify and Tencent Music to buy stakes in each other
    Reuters7 days ago

    Spotify and Tencent Music to buy stakes in each other

    Music streaming company Spotify and the music arm of China's Tencent Holdings Ltd will buy minority stakes in each other ahead of the Swedish firm's expected stock market listing next year, the companies said on Friday. The deal will help Spotify, a music streaming leader in Europe and North America, and China-focused Tencent Music, to increase exposure to each other's core markets. The Wall Street Journal reported last week, citing people familiar with the matter, that the firms were in talks to swap stakes of up to 10 percent in each other.

  • Asian markets on course for broad gains after volatile week
    AFP7 days ago

    Asian markets on course for broad gains after volatile week

    Reports that Donald Trump is preparing to unveil a huge infrastructure plan provided support to US markets

  • The Wall Street Journal8 days ago

    [$$] China’s Startups Are Only Pawns in the Game

    China’s tech world doesn’t believe in the story of David and Goliath. Startups and investors are abandoning the dream that a smarter, nimbler upstart can topple a gargantuan company.

  • Reuters - UK Focus8 days ago

    GLOBAL MARKETS-Dollar hits two-week high, world shares climb as risk appetite returns

    LONDON, Dec (Shanghai: 600875.SS - news) 7 (Reuters) - The dollar rose to its highest level in two weeks on Thursday and world shares rebounded amid a broader recovery in global risk sentiment. The U.S. currency earlier slipped against the safe-haven Japanese yen after U.S. President Donald Trump said on Wednesday he would recognize Jerusalem as the capital of Israel - a move that imperiled Middle East peace efforts and provoked widespread condemnation. The MSCI World Index, which tracks shares in 47 countries, was up 0.1 percent.

  • Reuters - UK Focus8 days ago

    GLOBAL MARKETS-Dollar hits 2-week high on U.S. tax reform optimism, world shares climb

    LONDON, Dec (Shanghai: 600875.SS - news) 7 (Reuters) - The dollar rose to its highest level in two weeks on Thursday over optimism the United States would successfully push through tax reforms, while world shares rebounded after two straight days of losses. The U.S. currency slipped against the safe-haven Japanese yen on Wednesday after U.S. President Donald Trump said he would recognize Jerusalem as the capital of Israel - a move that imperiled Middle East peace efforts and provoked widespread condemnation. The MSCI World Index, which tracks shares in 47 countries, was up 0.1 percent.

  • Tokyo recovers as Asian tech firms enjoy bounce
    AFP8 days ago

    Tokyo recovers as Asian tech firms enjoy bounce

    Donald Trump's decision to recognise Jersusalem as Israel's capital sparked demonstrations, drew global criticims and raised market fears of further unrest in the Middle East

  • Tokyo recovers as Asian markets see tentative gains
    AFP9 days ago

    Tokyo recovers as Asian markets see tentative gains

    Donald Trump's decision to recognise Jersusalem as Israel's capital sparked demonstrations, drew global criticims and raised market fears of further unrest in the Middle East

  • Reuters - UK Focus9 days ago

    GLOBAL MARKETS-Tech tremors spread to financials to spoil global rally

    LONDON, Dec (Shanghai: 600875.SS - news) 6 (Reuters) - Tremors in technology stocks spread to Europe and were set to dent U.S. trading on Wednesday, with weaker metals prices and flagging financials also tripping up a rally that had taken world equities to record highs. Investors concerned about high valuations took the top off the tech sector, where stocks such as Facebook (NasdaqGS: FB - news) , Alphabet (Swiss: GOOGL-USD.SW - news) , Tencent (HKSE: 0700-OL.HK - news) and Alibaba (Berlin: AHLA.BE - news) have reached prices some describe as "eye-watering".

  • Apple's Cook optimistic that apps pulled in China will be back
    Reuters9 days ago

    Apple's Cook optimistic that apps pulled in China will be back

    Apple Inc is optimistic that some of its popular apps removed from its China App Store this year to comply with government requests will be reinstated, the U.S. tech giant's Chief Executive Tim Cook said on Wednesday. Cook, speaking at the Fortune Forum in the southern Chinese city of Guangzhou, also stressed that he believes strongly in freedoms, in comments after a U.S. democratic senator's remarks on Tuesday that Apple had a moral obligation to promote free expression. Apple is facing criticism from local users and rights groups for bowing to pressure from Beijing cyber regulators after it decided to remove dozens of apps from its Chinese store this year, including messaging apps and virtual private network (VPN) services, which help users subvert China's Great Firewall.

  • Apple's Cook optimistic that apps pulled in China will be back
    Reuters9 days ago

    Apple's Cook optimistic that apps pulled in China will be back

    Apple Inc is optimistic that some of its popular apps removed from its China App Store this year to comply with government requests will be reinstated, the U.S. tech giant's Chief Executive Tim Cook said on Wednesday. Cook, speaking at the Fortune Forum in the southern Chinese city of Guangzhou, also stressed that he believes strongly in freedoms, in comments after a U.S. democratic senator's remarks on Tuesday that Apple had a moral obligation to promote free expression. Apple is facing criticism from local users and rights groups for bowing to pressure from Beijing cyber regulators after it decided to remove dozens of apps from its Chinese store this year, including messaging apps and virtual private network (VPN) services, which help users subvert China's Great Firewall.

  • Reuters - UK Focus9 days ago

    EMERGING MARKETS-Emerging stocks hit 2-mth lows on Israel fears, tech selling

    Emerging equities tumbled to near two-month lows on Wednesday as geopolitical concerns over North Korea and the Middle East soured risk sentiment and investors continued a rotation out of tech stocks, ...

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