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Tencent Holdings

AI, yen are among hotspots to watch in Asia this earnings season

by Anas Siddiqui
AI, yen are among hotspots to watch in Asia this earnings season

“Corporate profit growth appears to be accelerating, creating a favourable view of the outlook for Asian equity markets if based purely on the region’s fundamentals,” said Gary Dugan, chief investment …

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‘AI is going to be huge’ says JPMorgan’s Jamie Dimon as he lays out his vision for the future of money

by Anas Siddiqui
‘AI is going to be huge’ says JPMorgan’s Jamie Dimon as he lays out his vision for the future of money

JPMorgan Chase CEO Jamie Dimon makes no secret that his firm is all-in on artificial intelligence (AI). Now, the head of the world’s biggest bank is laying out his vision …

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China added 1 unicorn per week last year despite slumping global investments thanks partly to AI frenzy, report says

by Walter Watson
China added 1 unicorn per week last year despite slumping global investments thanks partly to AI frenzy, report says

China last year bred an average of one new unicorn each week amid frenzied growth in the country’s artificial intelligence (AI) sector, bucking a declining trend in global venture capital …

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ByteDance profit jumps 60% to US$40 billion, taking TikTok’s owner past arch-rival Tencent

by Anas Siddiqui
ByteDance profit jumps 60% to US billion, taking TikTok’s owner past arch-rival Tencent

ByteDance’s profit surged roughly 60 per cent in 2023, outpacing the growth of online peers Tencent Holdings and Alibaba Group Holding, in a sign of the TikTok owner’s resilience in …

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Zhang Kun, China’s biggest money manager, issues stock valuation warning, says days of fast economic growth are gone

by Anas Siddiqui
Zhang Kun, China’s biggest money manager, issues stock valuation warning, says days of fast economic growth are gone

Investors should exercise more caution when it comes to the valuations of Chinese stocks, as corporate earnings growth is set to slow because of Beijing’s pursuit of high-quality economic growth, …

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Hong Kong stocks: lack of earnings momentum risks derailing sentiment-driven rebound, analysts say

by Anas Siddiqui
Hong Kong stocks: lack of earnings momentum risks derailing sentiment-driven rebound, analysts say

Hong Kong stocks are priced for perfection and vulnerable to shocks, according to analysts. A stream of unimpressive earnings announcements could end the two-month rebound in Asia’s third-largest stock market …

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Wang Jianlin’s Wanda unit gets a US$8.4 billion capital injection from PAG-led consortium

by Ron Morgan
Wang Jianlin’s Wanda unit gets a US.4 billion capital injection from PAG-led consortium

A consortium of investors agreed to inject capital into a unit owned by the Chinese property magnate Wang Jianlin, offering some relief to a cash-starved developer who has had to …

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Chinese social media platform Weibo removes fake images showing a rapidly ageing Tencent founder Pony Ma

by Anas Siddiqui
Chinese social media platform Weibo removes fake images showing a rapidly ageing Tencent founder Pony Ma

Chinese social media platform Weibo has deleted a number of accounts publishing and spreading a retouched photo of a grey-haired and wrinkle-faced Pony Ma Huateng, Tencent Holdings’ founder and CEO, …

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Huawei injects fresh capital into Shenzhen investment subsidiary as US-sanctioned tech giant returns to growth

by Anas Siddiqui
Huawei injects fresh capital into Shenzhen investment subsidiary as US-sanctioned tech giant returns to growth

With that infusion, Shenzhen Habo Technology Investment Partners – established in 2021 by Huawei and Habo Investment – last Thursday raised its registered capital to 7.98 billion yuan (US$1.1 billion) …

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China said to fall short of matching US advances in AI owing to ‘many challenges in theory and technologies’

by Anas Siddiqui
China said to fall short of matching US advances in AI owing to ‘many challenges in theory and technologies’

China is falling short of matching the United States in artificial intelligence (AI) advances because the nation’s efforts are “littered with many essential challenges in theory and technologies”, according to …

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