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tencent

Alibaba’s Hong Kong-listed shares could be ready for mainland buyers via Stock Connect by September 9, Morgan Stanley says

by Anas Siddiqui
Alibaba’s Hong Kong-listed shares could be ready for mainland buyers via Stock Connect by September 9, Morgan Stanley says

Alibaba could join the Stock Connect cross-border trading mechanism as early as September 9, after its dual-primary shares listing in Hong Kong is completed, according to Morgan Stanley. The overall …

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Hong Kong stocks jump by most in a month as Alibaba, Tencent gain on service data boost

by Anas Siddiqui
Hong Kong stocks jump by most in a month as Alibaba, Tencent gain on service data boost

Hong Kong stocks rose by the most in a month after a private report showed the services sector in mainland China expanded last month, in contrast with a slide in …

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Tencent launches Yuanbao AI assistant app as internet giant moves to close gap with other Chinese chatbots

by Anas Siddiqui
Tencent launches Yuanbao AI assistant app as internet giant moves to close gap with other Chinese chatbots

Yuanbao can be used to analyse and summarise documents, provide questions and answers, and generate texts and images, similar to the functions of ChatGPT and alternative Chinese AI chatbots. Tencent’s …

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Climate change: Tencent chooses Chinese carbon capture and removal start-ups to receive US$13.9 million in funding

by Anas Siddiqui
Climate change: Tencent chooses Chinese carbon capture and removal start-ups to receive US.9 million in funding

Chinese tech behemoth Tencent is extending around 100 million yuan ($13.9 million) to fund technologies that prevent carbon dioxide emissions and suck the greenhouse gas from the atmosphere in a …

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Alibaba emerges as major backer of high-flying Chinese start-up Moonshot AI, with 36% stake

by Anas Siddiqui
Alibaba emerges as major backer of high-flying Chinese start-up Moonshot AI, with 36% stake

Alibaba Group Holding has emerged as a major backer of Moonshot AI, one of China’s hottest artificial intelligence (AI) start-ups, holding a 36 per cent stake in the firm, according …

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China’s app Xiaohongshu taps niche rich female Gen Zers

by David Johnson
China’s app Xiaohongshu taps niche rich female Gen Zers

By Bloomberg Published May 23, 2024 Teresa Cheung fired up her Xiaohongshu app, turned on her camera and dazzled her nearly 1.8 million online followers over a seven-hour livestream. Bloomberg …

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NetEase unveils updates on more than 10 new video games, led by highly-anticipated ‘triple-A’ title Where Winds Meet

by Anas Siddiqui
NetEase unveils updates on more than 10 new video games, led by highly-anticipated ‘triple-A’ title Where Winds Meet

NetEase, China’s second-largest video gaming company, has unveiled updates on more than 10 new titles, including a highly-anticipated “triple-A game” to be released in July, at its annual product launch …

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China’s e-commerce market still has ‘ample room’ for growth despite slowdown in retail sales, JPMorgan analyst says

by Anas Siddiqui
China’s e-commerce market still has ‘ample room’ for growth despite slowdown in retail sales, JPMorgan analyst says

China’s e-commerce market has the potential to further expand in the next few years amid improved penetration by internet platform operators into key sectors, despite a slowdown in retail sales, …

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Chinese gaming giants Tencent, NetEase to release new titles back to back in sign of intensified rivalry

by Anas Siddiqui
Chinese gaming giants Tencent, NetEase to release new titles back to back in sign of intensified rivalry

Chinese tech giants Tencent Holdings and NetEase announced back-to-back new title releases, in a sign of intensified competition among the country’s top two video gaming publishers, as other Big Tech …

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Hong Kong stocks extend winning streak, hit 8-month highs as mainland China returns from holidays

by Anas Siddiqui
Hong Kong stocks extend winning streak, hit 8-month highs as mainland China returns from holidays

Hong Kong stocks extended gains towards an eight-month high after mainland traders returned from a five-day holiday to snap up local shares. Strong travel data and positive calls from a …

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