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Tencent share price nearly doubled from October low
Shares of Tencent Holdings Ltd. have nearly doubled from a recent low on growing signs that China is preparing to end its crackdown on major tech firms as well as optimism about the country’s reopening.
The online giant’s stock has risen 96% in Hong Kong since October 28, when it dropped to its lowest since 2017, as approvals for industry funding and new games have begun to trickle in again.
[Bloomberg]
Shares of Tencent Holdings Ltd. have nearly doubled from a recent low on growing signs that China is preparing to end its crackdown on major tech firms as well as optimism about the country’s reopening.
The online giant’s stock has risen 96% in Hong Kong since October 28, when it dropped to its lowest since 2017, as approvals for industry funding and new games have begun to trickle in again.
[Bloomberg]
