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2 mins read
Chinese tech firms hammered by the Archegos blow-up announce share buybacks
Vipshop, Tencent Music Entertainment, and GSX Techedu all announced share buybacks in the past week…
Will Daniel
2 mins read
Something weird just went down in the stock market, and Wall Street is speculating it's the result of a fund liquidation
Shares of ViacomCBS and Discovery fell as much as 35% Friday, while US-listed shares of China's Bai…
Victoria Cavaliere
1 min read
Chinese Internet giant Tencent reports 28% revenue growth in 2020
Chinese Internet giant Tencent has reported a 28 per cent year-on-year growth in revenue for 2020, …
2 mins read
Japanese ecommerce giant Rakuten jumps 24% after disclosing sale of stake to Walmart, Tencent
Rakuten plans to issue 211,656,500 shares at the equivalent of around $10.50 eacg with a payment da…
Isabelle Lee
1 min read
Apple's iPhone 12 livestream was absent from Chinese video platforms, who reportedly canceled coverage without explanation
Chinese platforms such as Tencent Video, iQiyi, Bilibili, and Weibo reportedly canceled coverage of…
Kate Duffy
2 mins read
Nobody knows what Trump's executive order on WeChat means — and it's making US business leaders worried
US business leaders are desperately seeking clarity on Donald Trump's executive order that could ba…
Aaron Holmes
2 mins read
Trump's vaguely worded executive order targeting Tencent cratered the company's stock
Though the order initially looked as if it might target Tencent's wider business, officials later c…
Isobel Asher Hamilton,Ben Gil…
2 mins read
Spotify-led global music streaming market hits 394million subscribers
Led by Swedish music streaming service Spotify, the global online music streaming subscriptions inc…
2 mins read
Billionaire investor Bill Ackman trumpeted his Universal Music deal, nodded to his Reddit fans, and invited company sellers to call him in a presentation this week. Here are the 8 best quotes.
The Pershing Square chief compared Universal CEO Lucian Grainge to Steve Jobs and Walt Disney in te…
Theron Mohamed
2 mins read
Billionaire investor Bill Ackman's SPAC is close to buying 10% of Universal Music, report says
Ackman's Pershing Square Tontine Holdings (PSTH) is reportedly nearing agreement on a deal valuing …
Theron Mohamed
2 mins read
The Chronicle of Indian Startup Ecosystem and the Chinese
India has one of the vastest wealth crevices on the planet,
more extensive than China. In India, th…
1 min read
Tencent's Ma Huateng replaces Jack Ma as China's richest person
Before co-founding Tencent in 1998, Pony led research and development for the internet paging …
2 mins read
Wipro's Premji invests $80mn in US tech startup that vows to 'put a bullet through Google's head'
Premji Invest, the family office of Wipro's billionaire chairman Azim Premji, has led an $80-millio…
1 min read
Saudi Arabia's Kingdom Holding invested over $500 million in Russian energy companies around the time Russia invaded Ukraine
Kingdom Holding posted details of the transactions into Russian energy companies Gazprom, Rosneft, …
Huileng Tan
2 mins read
Tencent cashes in with PUBG mobile game replacement, as title takes in US$14 million in 72 hours
The Game for Peace iOS version was also the most downloaded free game and top-grossing game in …
2 mins read
Tencent eyes silver generation with investment in video app for dancing grannies
In public squares across China, groups of middle-aged women and seniors regularly gather at dusk an…
6 mins read
Tencent shows international brands the way into China
In terms of digital advertising revenue, Tencent still has room to catch up to its local rivals Bai…
Andrew Meola
1 min read
SoftBank has agreed to sell its entire 21% stake in Flipkart to Walmart
According to reports, SoftBank was considering not selling the Flipkart shares due to many opt…
2 mins read
A Tencent-led consortium buys 10% of Universal Music, valuing the world's biggest music firm at $34 billion
Vivendi has enjoyed steady gains from the music corporation. Streaming services have quickly become…
Ben Winck
2 mins read
A metaverse ETF has seen inflows surge 548% since Facebook's name change. Here are its top 10 holdings.
From October 28 through November 24, the Roundhill Ball Metaverse ETF didn't see a single trading d…