About this content About William Farrington William kickstarted his career as a researcher and reporter for a global legal publication, covering everything from public law to M&A. Before moving to Proactive Investors, he worked as a reporter for a major fintech company with a focus on cryptocurrency and blockchain technology. Harking from Queensland, Australia, William obtained first-class honours in journalism and media from Birkbeck University before going on to complete an MA in creative and critical ...

Night view of the Lujiazui financial district in downtown Shanghai.ByteDance founder Zhang Yiming for the first time has emerged as China's richest person, according to a list compiled by Hurun Research Institute, leaving behind Nongfu Spring Chairperson Zhong Shanshan who has topped the rankings for three years.Zhang, 44, with a personal wealth of $49.3 billion, beat 'bottled water king' Zhong, whose wealth dropped 24% to $47.9 billion after a public backlash against his company in February. Zhang was rank ...

Expanding TME's Global Footprint to Elevate International Music Experiences SHENZHEN, China, Oct. 17, 2024 /PRNewswire/ -- Tencent Music Entertainment Group (TME) today announced a strategic partnership with Galaxy Corporation, the agency representing the influential global musician G-Dragon, for his upcoming regional tour. The collaboration marks a significant step forward in TME's ambitions to expand its global presence and further solidify its position in the international music scene.As part of this agr ...

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Momentum investing revolves around the idea of following a stock's recent trend in either direction. In the 'long' context, investors will be essentially be "buying high, but hoping to sell even higher." With this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving that way. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades. While many investors like to look for momen ...

Tencent (TCEHY, Financial) is experiencing a notable decline today, with its share price down by 8.9% to $56.80 amidst investor concerns over the extent of economic stimulus measures from the Chinese government.Tencent's stock, along with other Chinese companies, has been impacted by skepticism regarding the effectiveness of China's proposed economic stimulus plans. Despite reassurances from Chinese officials about achieving economic growth targets, the market remains unconvinced, leading to significant sel ...

Uncertainty surrounding China's stimulus plans is causing volatility for Tencent. Tencent (TCEHY -9.54%) stock is sinking in Tuesday's trading. The Chinese technology and media giant's share price was down 8.4% as of 2:45 p.m. ET, according to data from S&P Global Market Intelligence. Chinese stocks are losing ground today following indications that additional economic stimulus from the country's government won't be forthcoming in the near future. Tencent and many other China-based companies saw their valua ...

This article has been reviewed according to Science X's editorial process and policies . Editors have highlighted the following attributes while ensuring the content's credibility: The logo of French video game publisher Ubisoft is pictured at the Paris games week in Paris, Nov. 4, 2017. Credit: AP Photo/Christophe Ena, File Shares of Ubisoft jumped more than 30% Friday, following reports that Tencent and the Guillemot family are considering a buyout of the video game maker. Bloomberg news reported that Ten ...

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Sources reveal that Tencent and France's Guillemot family are contemplating a potential acquisition of Ubisoft (UBI, Financial). However, discussions are at an early stage and may not result in a transaction. One option under consideration is a joint effort to privatize the company. Ubisoft's shares in the European market have declined by 54% this year, giving the company a market value of approximately 1.4 billion euros (1.5 billion dollars). According to the latest announcement from Ubisoft, Tencent holds ...