You Searched For "tencent market value" and got 17 results
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2 mins read
Tencent to acquire Ubisoft? Here is what the Assassin's Creed maker says
A Bloomberg report had earlier said that Tencent might be exploring the possibility of teaming up w…
2 mins read
Tencent and Alibaba Group have lost more than $100 billion in July as China cracked down on internet giants
The storm of regulatory changes — from new protection for workers to enforcement of minimum salari…
2 mins read
Investors are preparing to vote on whether China's ride-hailing app Didi will delist from the NYSE after year-long slide that erased $60 billion from its market value
Last June, Didi listed on the New York Stock Exchange despite Beijing's reluctance. Shortly after, …
Weilun Soon
2 mins read
Alibaba extends losses to $26 billion in market value after the company announces big reversal of spin-off plans
Alibaba was down for a second day on Friday, deepening losses as plans to spin off its cloud unit w…
Phil Rosen
2 mins read
The little-known video game studio that created the smash hit 'PUBG' is planning an IPO that could take its value to a whopping $27 billion, report says
Krafton plans to release three more games by 2022, all of which will be based on, or related to, "P…
Shalini Nagarajan
1 min read
One Chinese billionaire has lost $27 billion in personal wealth during Beijing's tech crackdown
Six of the 10 billionaires who have lost the most wealth this year are Chinese business figures, in…
Ethan Wu
2 mins read
Tencent sheds $65 billion in 2 days as investors fear a Chinese government crackdown
Chinese authorities are stepping up its scrutiny of the country's fintech firms, and Tencent could …
Harry Robertson
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
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
2 mins read
Stock market today: Nvidia's new AI chip fails to impress investors as US futures dip
Futures linked to the main US stock indexes fell on Tuesday after Nvidia CEO Jensen Huang revealed …
Theron Mohamed
1 min read
There's 'no chance' China's property market rebounds to what it was, researcher says
China's real estate sector was once 25% to 30% of the country's GDP. And there's no other sector la…
Aruni Soni
1 min read
The maker of Wilson tennis rackets is planning to IPO in a deal that could reportedly value the company at $10 billion
The sporting goods giant, which produces Wilson tennis rackets, has confidentially filed for a US s…
Phil Rosen
1 min read
Chinese tech giant Tencent jumps onto the list of the world's 10 most valuable companies as Meta slides on stock rout
Tencent's valuation neared $1 trillion in early 2021, but its market value shrank after Beijing cra…
Weilun Soon
1 min read
China is in damage-control mode after its crackdown on video games sparked an $80 billion market meltdown
China's announcement of new draft rules targeting online gaming sparked a $80 billion markets sello…
Huileng Tan
2 mins read
Sony loses $20 billion in market value after Microsoft's massive deal to buy Activision Blizzard knocks its shares
Sony's shares drop almost 13% in Tokyo as analysts assess whether the deal will let Microsoft restr…
Hamza Fareed Malik
2 mins read
Tech giant Tencent was China's most valuable company for 6 years. In September, it finally lost the title to a liquor company.
Tencent's value fell from $950 billion in January 2021 to around $325 billion in less than 22 month…
Matthew Loh
1 min read
Didi soars 28% in largest IPO debut for a Chinese firm since Alibaba, valuing ride-hailing firm at $86 billion
Didi is the second largest ride-hailing company by market value, behind Uber but ahead of Lyft, bas…