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2 mins read
Tencent tumbles 10% following Trump's executive order targeting TikTok and WeChat
The orders escalate US-China tensions as investors continue to grapple with economic recession and …
Ben Winck
7 mins read
‘If I had Apple and Tencent, I would have sold them by now,’ says Jim Rogers
Commodities guru, international investor and author Jim Rogers is betting on what he has always bel…
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
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
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
Sam Altman secretly owned way more Reddit stock than we thought
Reddit filed new information in advance of its IPO which revealed that OpenAI's Sam Altman is the t…
Grace Eliza Goodwin,Lauren St…
2 mins read
US stocks rise to finish best week since November as major banks warn of tough times ahead
Stocks finished their best week since November, with traders sidestepping warnings of a coming econ…
Jennifer Sor
2 mins read
The Netflix of China skyrockets 38% after Tencent eyes potential investment, report says
A deal between Tencent and iQIYI would combine two streaming video giants that each had more than 1…
Matthew Fox
3 mins read
3 reasons to stick with Chinese stocks even as they are battered by regulation, according to Allianz
Investors in Chinese stocks have historically been rewarded with long-term outperformance, said All…
Carla Mozée
1 min read
Tencent-backed podcasting giant Ximalaya drops plans for US IPO after Chinese regulators pressured it to list in Hong Kong
Ximalaya - which enjoys backing from Tencent, Baidu, Sony, and others - may have worried regulators…
Ethan Wu
1 min read
A Singaporean tech stock has skyrocketed a world-beating 1,100% since the start of 2019
Sea's market capitalization has mushroomed from about $5 billion to more than $64 billion over the …
Theron Mohamed
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
This Taiwanese manufacturer is now Asia's most valuable company after China's crackdown on big tech firms
TSMC has soared as overwhelming global demand for its chip components has hit industries from autos…
Ethan Wu
2 mins read
The sell-off in Chinese stocks is 'disconnected from fundamentals' and presents an opportunity to investors, JPMorgan's Marko Kolanovic says
Geopolitical risks are percolating in China after President Xi Jinping cemented his power over the …
Matthew Fox
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
2 mins read
SoftBank, Naspers, and Warren Buffett's Berkshire Hathaway are cutting their iconic bets on Chinese tech stocks
Berkshire has sold about $600 million of BYD stock, SoftBank is slashing its Alibaba stake by nearl…
Theron Mohamed
1 min read
Didi plummets 42% and extends pain for Chinese stocks as it halts plan to list shares on Hong Kong exchange
Chinese stocks were already under pressure after the SEC identified five companies that could be de…
Matthew Fox
2 mins read
SEC alleges Archegos' Bill Hwang used $160 billion in leverage to own as much as 70% of a single company. These are the 7 biggest stakes he controlled.
"The size of Archegos' exposures to its Top 10 Holdings allowed Archegos to assert a dominant marke…
Matthew Fox
2 mins read
US stocks surge ahead of the Federal Reserve's expected first interest rate hike since 2018
While an interest rate hike is expected, investors will pay close attention to Fed Chair Jerome Pow…
Matthew Fox
2 mins read
Hong Kong stocks tank to 14-year low as re-elected Xi's reshuffle sparks worries about China's economic recovery
The selloff in Hong Kong came after President Xi Jinping filled his leadership team with loyalists,…