A rate cut by the Federal Reserve has made investors think that China's central bank will soon follow suit.Chinese stocks moved higher today after the Federal Reserve's jumbo 50-basis-point interest rate cut prompted investors to bet that China's central bank may follow suit.Shares of the Chinese tech conglomerate Tencent Holdings (TCEHY 3.62%) traded roughly 3.3% higher, as of nearly 1 p.m. ET, while shares of the Chinese online retailer PDD Holdings (PDD 2.66%) traded nearly 2% higher. Meanwhile, shares o ...

Singapore Kicks Off the First Stop of TME's Music Journey to the WorldSHENZHEN, China, Sept. 12, 2024 /PRNewswire/ -- On September 11, 2024, Tencent Music Entertainment Group (TME) announced the launch of its Global Music Outreach Initiative, which will bring together talented Chinese music artists and their works to be showcased on prominent stages worldwide. The initiative will kickstart in Singapore from September 13 to 17, beginning a broader series of music and industry exchange activities around the w ...

Freer Law/iStock Editorial via Getty Images Tencent (OTCPK:TCEHY) has been a strong performer relative to US tech peers, a seemingly unusual occurrence in the recent past. The company continues to represent an enviable collection of businesses spanning across multiple facets of daily Chinese life. However, I am growing concerned about the inability for overall growth rates to accelerate - potentially indicating that the company may have finally reached that inevitable moment where it is simply too big for i ...

Tencent Music Entertainment Group TodayTMETencent Music Entertainment Group$11.17 +0.04 (+0.36%) 52-Week Range$5.96▼$15.77Dividend Yield1.16%P/E Ratio24.28Price Target$12.72Add to WatchlistTencent Music Entertainment Group NYSE: TME is the largest music streaming company in China. The company’s shares have been a bright spot for investors in the country over the past 52 weeks, providing a total return of 84%. Meanwhile, the SPDR S&P China ETF NYSEARCA: GXC has returned -8%.Despite a 15% drop in Tencent shar ...

Good day and good evening. Thank you for standing by. Welcome to Tencent Holdings Limited 2024 Second Quarter Results Announcement Webinar. I'm Wendy Huang from Tencent IR team. At this time, all participants are in a listen-only mode. After management's presentation, there will be a question and answer session. For participants who are dialing by phone, if you wish to ask a question, please press five or read your hands. If you are accessing from the Tencent Meeting for Realty application, please click the ...

There is still a lot of work to be done, but it is starting to look like the technology sector in China’s stock market could soon be about to pose a recovery. There are not too many investors brave enough to venture into overseas markets, let alone China, given the current geopolitical tensions that negatively affect business valuations in the region. However, no country is excluded from these effects.Tencent TodayTCEHYTencent$47.34 -1.64 (-3.35%) 52-Week Range$33.00▼$52.10Dividend Yield0.80%P/E Ratio24.92P ...

Airwallex, which was most recently valued at $5.5 billion and is backed by Tencent, has been tipped as one of many prominent fintech IPO candidates.Tencent-backed payments startup Airwallex is nearing an annual revenue run rate of $500 million and will look to get ready for an initial public offering by 2026, CEO and co-founder Jack Zhang told CNBC in an exclusive interview."I think the next big milestone is the $1 billion. Hopefully we can achieve that in 2026, or 2027. That is the goal," Zhang said, in re ...

Good day and good evening. Thank you for standing by. Welcome to Tencent Holdings Limited 2024 Second Quarter Results Announcement Webinar. I'm Wendy Huang from Tencent's IR team. At this time, all participants are in a listen-only mode. After management's presentation, there will be a question and answer session. For participants who dial in by phone, if you wish to ask a question, please press five or three dots in. If you are accessing from the Tencent Green or Greenpeace application, please click the re ...

Tencent delivered solid earnings, but macroeconomic fears in China appeared to outweigh the good results.Shares of Chinese tech giant Tencent Holdings (TCEHY -3.35%) plunged 5.9% at one point today before recovering to a 4.1% decline as of 2:35 p.m. EDT.At first, it was hard to pinpoint the reason for the decline. Tencent's second-quarter results came in ahead of expectations, including a return to growth in its important Domestic Games segment. However, Tencent's fintech segment slowed markedly, which dove ...

Tencent Holdings reportedly said it is in discussions with Apple about sharing revenue from its WeChat mini games.The remarks, made Wednesday (Aug. 14) during the company’s earnings call, confirm an earlier media report that Tencent has been pressured by Apple to change its apps to close a loophole that allows developers to collect payments from users without paying a commission to Apple, Bloomberg reported Wednesday.Tencent is exploring adding in-app transactions via Apple’s iOS payment system that would a ...