tencent

  1. Jan

    TymeBank raises R1.1 billion - Tencent and CDC Group buy stake

    Tencent invests in TymeBank TymeBank has raised over R1.1 billion and brought two new shareholders onboard — Tencent and CDC Group.
    • Jan
    • Thread
    • african rainbow capital (arc) african rainbow capital investments (arci) cdc group tencent tymebank
    • Replies: 27
    • Forum: Broadband and IT News
  3. Jan

    Ozow raises R746 million in Series B funding - Tencent lead investor

    South African fintech company Ozow raises R746 million — with Tencent as a lead investor Ozow, which was started as i-Pay in 2014, has raised $48 million in a Series B funding round.
    • Jan
    • Thread
    • electronic fund transfer (eft) endeavor catalyst endeavor harvest fund instant eft lyle eckstein mitchan adams ozow tencent thomas pays
    • Replies: 14
    • Forum: Broadband and IT News
  4. Hanno Labuschagne

    Tencent and Nvidia racing to trillion-dollar club

    Tencent and Nvidia racing to trillion-dollar club Tesla Inc.’s ascent into the most exclusive of corporate clubs -- the $1 trillion capitalization set -- has investors guessing on which company will be the next to join. The technology industry represents five of the six current members and may...
  5. Jan

    Chinese state media declares games spiritual opium - Tencent, Naspers, Prosus share price plummets

    Naspers hammered as China declares games "spiritual opium" Tencent Holdings Ltd. led a stocks rout after Chinese state media decried the “spiritual opium” of games, prompting the company to broach a ban for kids and triggering fears Beijing will set its sights next on the world’s largest gaming...
  6. Jan

    Naspers share price pounded as China cracks down on education, tech

    Naspers hammered on China crackdown The share prices of Naspers and Prosus have suffered major declines following news of a regulatory crackdown in China. Naspers’ share price declined from R295.30 per share on Friday to R248.75 on Tuesday — a decline of 15.8%. It reclaimed some of the losses...
  7. J

    Tencent could partner with Nintendo to make games for the US

    Tencent could partner with Nintendo to make games for the US Tencent Holdings Ltd is looking to make more of its partnership with Nintendo Co. to create video games for the U.S. market, Dow Jones reported. The Chinese company is looking to expand outside its home country, where it dominates...
  8. J

    Tencent beats analyst estimates

    Tencent beats analyst estimates Tencent Holdings Ltd. posted a better-than-expected 35% rise in quarterly earnings after Peacekeeper Elite became the gaming giant’s first break-out hit since it won regulatory approval to make money off new titles. Net income rose to 24.1 billion yuan ($3.4...
  9. J

    Tencent posts biggest profit shortfall in 10 years

    Tencent posts biggest profit shortfall in 10 years Tencent Holdings Ltd. posted a slump in fourth-quarter earnings on increased spending as its prized games business showed signs of recovery after a brutal 2018. Net income fell 32 percent to 14.2 billion yuan ($2.1 billion), missing the 17.55...
  10. J

    Tencent share price surges as recovery continues

    Tencent share price surges as recovery continues Tencent Holdings Ltd.’s quiet recovery has turned dramatic, leaving traders to wonder whether there’s a hidden reason behind the stock’s latest leg up. The biggest Asia-listed company has jumped more than 8 percent this week, its best three-day...
  11. J

    Users protest after Tencent invests in Reddit

    Users protest after Tencent invests in Reddit Reddit Inc. said Monday that it raised $300 million from investors. It was one backer, in particular, that drew condemnation from members of Reddit’s online community. Chinese internet giant Tencent Holdings Ltd. was among the investors in the...
  12. J

    China kills 9,300 apps and tears into Tencent's news service

    China kills 9,300 apps and tears into Tencent's news service China is stepping up its efforts to rein in the country’s internet, singling out Tencent Holdings Ltd.’s popular news app for spreading vulgar information while shutting down more than 700 websites and thousands of apps in the span of...
  13. J

    Tencent shares rally after China resumes approving games

    Tencent shares rally after China resumes approving games Shares in Tencent Holdings Ltd. jumped 4.5 percent after Chinese media reported that regulators have resumed approving games, signaling a potential end to a hiatus that’s chilled the world’s biggest gaming industry. Tencent and peers...
  14. J

    Tencent Music soars on trading debut

    Tencent Music soars on trading debut Tencent Music Entertainment Group climbed in its U.S. trading debut Wednesday after pricing its initial public offering at the bottom of a marketed range. China’s largest music-streaming service, which is backed by Tencent Holdings Ltd., and current holders...
  15. J

    Tencent is no longer one of the world's 10 biggest companies

    Tencent is no longer one of the world's 10 biggest companies More bad news for Tencent Holdings Ltd.: the Chinese Internet giant has lost its spot as one of the world’s 10 biggest companies. After shedding over $200 billion in market value this year, more than any other company worldwide...
  16. J

    Tencent's $220-billion rout is breaking records

    Tencent's $220-billion rout is breaking records The $220 billion rout in shares of Tencent Holdings Ltd. has entered uncharted territory. Not only has the Chinese Internet giant lost more market value than any other company worldwide this year, its 38 percent drop from a closing high in...
  17. J

    Tencent Music files for $1-billion US IPO

    Tencent Music files for $1-billion US IPO Tencent Music Entertainment Group, the online-music arm of China’s largest social-media company, filed for a initial public offering in a continuing surge of U.S. listings by Chinese companies. The music-streaming site listed its offering size as $1...
  18. J

    Tencent share price falls after first profit drop in 10 years

    Tencent share price falls after first profit drop in 10 years Tencent Holdings Ltd. slumped after the Chinese social media giant reported shockingly poor quarterly numbers, underscoring how tech superstars that led the market to new heights are showing signs of strain. Tencent surprised...
  19. J

    Tencent share price falls after first profit drop in 10 years

    Tencent share price falls after first profit drop in 10 years Tencent Holdings Ltd. slumped after the Chinese social media giant reported shockingly poor quarterly numbers, underscoring how tech superstars that led the market to new heights are showing signs of strain. Tencent surprised...
  20. J

    Tencent share price drops as China shuts down Monster Hunter: World

    Tencent share price drops as China shuts down Monster Hunter: World Tencent Holdings Ltd. slumped after taking another hit to its gaming business when regulators told the social media giant to remove Monster Hunter: World from its PC downloads service just days after the action title’s debut...
  21. J

    Tencent's $143-billion drop is the world's biggest share wipeout

    Tencent's $143-billion drop is the world's biggest share wipeout If you thought the slump in U.S. technology stocks was bad, take a look at Tencent Holdings Ltd. The Chinese Internet giant has tumbled 25 percent from its January peak, erasing about $143 billion of market value. [Bloomberg]
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