U.S. officials weigh adding Alibaba, Tencent to investment ban
4 years ago

U.S. officials weigh adding Alibaba, Tencent to investment ban

LA Times  

Senior U.S. officials are debating whether to bar investments in Alibaba Group Holding Ltd. and Tencent Holdings Ltd., according to people with knowledge of the talks, potentially expanding a Wall Street blacklist that’s already cost shareholders billions of dollars. The discussions among senior U.S. officials involving Alibaba and Tencent focus in part on how such a move might affect capital markets, according to a Wall Street Journal report on the talks earlier Wednesday. Alibaba ADRs and Tencent ADRs see daily trading volume on average of 18.6 million and 3.8 million, respectively, far outstripping the volume of trades in the U.S. for the three telecom stocks. On Tuesday, Trump signed an order banning U.S. transactions with eight Chinese apps, including Ant Group Co.’s Alipay and Tencent’s digital wallets.

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History of this topic

China’s retail investor sours quickly on stocks
1 day, 22 hours ago

China’s retail investor sours quickly on stocks

Live Mint  

* Chinese stocks suffered weakest start to new year in a decade * Retail investors sell amid US trade policy uncertainties * Further selling could trigger stampede, hurt economy * Beijing's half-hearted policies lead to investor disillusionment By Samuel Shen and Summer Zhen SHANGHAI/HONG KONG, - Day-trader Lu Delong's optimism for a China stocks rally quickly evaporated in the first …

Chinese tech giant Tencent among
1 week, 1 day ago

Chinese tech giant Tencent among

The Independent  

Sign up to our free weekly IndyTech newsletter delivered straight to your inbox Sign up to our free IndyTech newsletter Sign up to our free IndyTech newsletter SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The US has added social media and gaming giant Tencent to an updated …

Chinese shares jump as Beijing steps up moves to boost sagging markets
11 months, 1 week ago

Chinese shares jump as Beijing steps up moves to boost sagging markets

Associated Press  

BANGKOK — A Chinese state investment fund promised to expand its purchases of stock index funds, among other moves signaling Beijing’s resolve to stabilize markets that have been sagging under heavy selling pressure from a property crisis and slowing economy. Shares in Shanghai and Hong Kong surged Tuesday after the announcement by Central Huijin Investment, whose subsidiaries include Chinese state-owned …

Alibaba shares plunge as much as 10% after canceling plans to spin off cloud unit
1 year, 1 month ago

Alibaba shares plunge as much as 10% after canceling plans to spin off cloud unit

Associated Press  

HONG KONG — Shares of Chinese e-commerce firm Alibaba Group Holding plunged as much as 10% in New York after it said Thursday that plans to spin off its cloud business were scrapped, citing uncertainties due to U.S. chip restrictions. Alibaba Chairman Joe Tsai said Thursday during an earnings call that a spinoff of its cloud unit “may not achieve …

For Alibaba, Six Is Bigger Than One—And a Smaller Target
1 year, 9 months ago

For Alibaba, Six Is Bigger Than One—And a Smaller Target

Live Mint  

Six is bigger than one. The core Chinese e-commerce business will stay wholly owned by Alibaba but each of the other units could seek their own funding, and maybe eventually conduct initial public offerings. Analysts from Goldman Sachs and Morgan Stanley have both said the market is currently valuing Alibaba’s businesses outside its core Chinese e-commerce segment at zero. Alibaba’s …

Chinese shares lead gains as US breaks for Presidents Day
1 year, 10 months ago

Chinese shares lead gains as US breaks for Presidents Day

Live Mint  

Stocks in mainland China and Hong Kong rose Monday, giving a strong start to global equities on a day when U.S. markets are shut for a public holiday. The gains came after China’s central bank said lenders had kept the country’s benchmark lending rates unchanged, as the world’s second-largest economy showed more signs of recovery following its Covid reopening. Two …

Alibaba and Tencent stocks plunge after latest fines
2 years, 6 months ago

Alibaba and Tencent stocks plunge after latest fines

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Shares of Chinese technology firms …

China stocks: Alibaba and JD.com rally on hopes tech crackdown is ending soon
2 years, 7 months ago

China stocks: Alibaba and JD.com rally on hopes tech crackdown is ending soon

CNN  

Hong Kong CNN Business — Shares in Chinese tech companies have surged this week on hopes that Beijing is close to ending a yearlong regulatory crackdown on the industry. The gains followed a strong session for Chinese stocks on Wall Street on Monday,when the Nasdaq Golden Dragon China Index soared 5.4%. “The headline sparked speculation that Beijing was ending the …

Tencent Q4 earnings prompt stock tumble as China crackdown hits growth
2 years, 9 months ago

Tencent Q4 earnings prompt stock tumble as China crackdown hits growth

CNN  

Hong Kong CNN Business — Tencent’s stock suffered a sharp drop after the company reported its slowest-ever growth due to a bruising crackdown by China on the country’s tech sector. Co-founder Pony Ma and president Martin Lau joined an earnings call on late Wednesday and acknowledged that 2021 was a “challenging year” for Tencent and China’s internet industry more broadly. …

Chinese stocks are on a roller coaster with no end in sight
2 years, 9 months ago

Chinese stocks are on a roller coaster with no end in sight

CNN  

New York CNN Business — US-listed Russian stocks have been in freefall following the invasion of Ukraine — but it’s not the only nation whose stocks are getting whipsawed. A committee chaired by Chinese Vice Premier Liu He said last week that the government should “actively roll out policies that benefit the markets.” “China’s promise to ease the regulatory crackdown …

Premarket: Didi’s delisting could spell the end for Chinese stocks on Wall Street
3 years, 1 month ago

Premarket: Didi’s delisting could spell the end for Chinese stocks on Wall Street

CNN  

A version of this story first appeared in CNN Business’ Before the Bell newsletter. “Didi’s repatriation to is a significantly worrying indicator for the larger US-Sino economic relationship,” Brock Silvers, chief investment officer at Kaiyuan Capital in Hong Kong, told me. “Beijing essentially forced Didi’s hand.” Shortly after its $4.4 billion initial public offering in the United States in late …

Beijing calls for calm after historic tech stock rout
3 years, 5 months ago

Beijing calls for calm after historic tech stock rout

CNN  

Hong Kong CNN Business — Chinese state media is urging investors to stay calm following a brutal stock market sell-off this week that has wiped out hundreds of billions of dollars in value. Chinese state-run newspaper Securities Times published a commentary Wednesday acknowledging the “changes in policy for certain industries” after a market rout on Monday and Tuesday that came …

Tencent, Alibaba, Meituan stocks continue to plunge as China expands its crackdown
3 years, 5 months ago

Tencent, Alibaba, Meituan stocks continue to plunge as China expands its crackdown

CNN  

Hong Kong CNN Business — Chinese tech stocks keep getting slammed with a stunningly massive sell-off that has wiped outhundredsof billions of dollars in market valueas investors continue to digest Beijing’s widening crackdown on private enterprise. Meituan closed down 17.7% in Hong Kong on Tuesday, eclipsing Monday’s massive 14% loss — making it the food delivery firm’s worst two days …

Tencent just got a bit of good news from Chinese regulators on its Sogou deal
3 years, 6 months ago

Tencent just got a bit of good news from Chinese regulators on its Sogou deal

CNN  

Hong Kong CNN Business — Chinese regulators have cleared the way for Tencent to take complete control of Sogou, a major search engine that could help the tech firm take on market leader Baidu. China’s State Administration for Market Regulation said Tuesday that it had “unconditionally approved” the buyout, which will take New York-listed Sogou private. “This merger is powerful,” …

Didi, Alibaba, Tencent stocks roiled by worsening crackdown
3 years, 6 months ago

Didi, Alibaba, Tencent stocks roiled by worsening crackdown

CNN  

Hong Kong CNN Business — China is not slowing down with its historic tech crackdown. A bunch of antitrust fines The latest concerns unfolded Wednesday when China’s antitrust regulator fined several internet companies — including Didi, Alibaba and Tencent — over accusations that they violated thecountry’sAnti-Monopoly Law while making mergers or acquisitions over the last 10 years, according to the …

U.S. IPO market a danger zone for Chinese firms after Beijing crackdown
3 years, 6 months ago

U.S. IPO market a danger zone for Chinese firms after Beijing crackdown

The Hindu  

China's stepped-up scrutiny of overseas listings by its companies and a clampdown on ride-hailing giant Didi Global Inc soon after its debut in New York have darkened the outlook for listings in the United States, bankers and investors said. The broader regulatory clampdown and Didi's listing dust up drove the S&P/BNY Mellon China Select ADR Index, which tracks the American …

Premarket stocks: Didi’s IPO was a disaster. Here’s why Chinese companies keep listing in the US
3 years, 6 months ago

Premarket stocks: Didi’s IPO was a disaster. Here’s why Chinese companies keep listing in the US

CNN  

A version of this story first appeared in CNN Business’ Before the Bell newsletter. It’s also bad for the New York Stock Exchange, which has been caught up in a campaign by US politicians who want to prevent Chinese companies from raising money in New York. “Even if the stock rebounds, American investors still have no insight into the company’s …

China tech crackdown wipes out billions from Didi, other U.S.-listed firms
3 years, 6 months ago

China tech crackdown wipes out billions from Didi, other U.S.-listed firms

The Hindu  

Didi Global Inc shares slumped as much as 25% in U.S. pre-market trade on Tuesday, ahead of its first session since Chinese regulators ordered the company's app be taken down days after its $4.4billion listing on the New York Stock Exchange. Other U.S.-listed Chinese companies including Full Truck Alliance and Kanzhun Ltd were also set to open lower on Tuesday …

China tech crackdown wipes out billions from Didi, other US-listed firms
3 years, 6 months ago

China tech crackdown wipes out billions from Didi, other US-listed firms

Live Mint  

Didi Global Inc shares slumped as much as 25% in U.S. pre-market trade on Tuesday, ahead of its first session since Chinese regulators ordered the company's app be taken down days after its $4.4 billion listing on the New York Stock Exchange. Other U.S.-listed Chinese companies including Full Truck Alliance and Kanzhun Ltd were also set to open lower on …

Biden widens list of Chinese firms off-limits for investment
3 years, 7 months ago

Biden widens list of Chinese firms off-limits for investment

India TV News  

President Joe Biden has nearly doubled the list of Chinese companies whose shares are off-limits to US investors in the latest sign he is not softening Washington's stance toward Beijing. An executive order issued late Thursday says it aims to “solidify and strengthen” an order signed last year by his predecessor Donald Trump by strengthening controls on investments in Chinese …

Biden signs executive order expanding Trump-era ban on investments in some Chinese companies
3 years, 7 months ago

Biden signs executive order expanding Trump-era ban on investments in some Chinese companies

CNN  

Hong Kong / Washington, D.C. CNN Business — President Joe Biden has expanded a Trump-era ban on American investment in dozens of Chinese firms that Washington believes are linked to China’s military. The original order, signed by former President Donald Trump in November, applied to 31 Chinese companies that the administration said “enable the development and modernization” of China’s military …

Tencent, ByteDance and others ordered by China to curb financial busineses
3 years, 8 months ago

Tencent, ByteDance and others ordered by China to curb financial busineses

CNN  

Hong Kong CNN Business — Chinese regulators have ordered more than a dozen tech companies to fix the most “prominent problems” of their financial units, escalating a historic crackdown on the sector that has already engulfed some of the country’s top players. In a statement Thursday, the People’s Bank of China said that it had summoned 13 companies, including Tencent, …

Tencent boss meets China antitrust officials as scrutiny widens
3 years, 9 months ago

Tencent boss meets China antitrust officials as scrutiny widens

The Hindu  

Pony Ma, the low-profile founder of Tencent Holdings, China's biggest social media and video games company, met with antitrust watchdog officials this month to discuss compliance at his group, three people with direct knowledge of the matter told Reuters. Wu Zhenguo, the head of SAMR's anti-monopoly bureau, who was also at the meeting, expressed concern about some of Tencent's business …

U.S. considering adding Alibaba, Tencent to China stock ban: sources
4 years ago

U.S. considering adding Alibaba, Tencent to China stock ban: sources

The Hindu  

The Trump administration is considering adding tech giants Alibaba and Tencent to a blacklist of firms allegedly owned or controlled by the Chinese military, two people familiar with the matter said - a move that could inflame tensions with Beijing days before U.S. President-elect Joe Biden takes office. If added, Alibaba and Tencent would be subject to an executive order …

Alibaba CEO says China’s draft anti-monopoly rules ‘timely and necessary’
4 years, 1 month ago

Alibaba CEO says China’s draft anti-monopoly rules ‘timely and necessary’

Hindustan Times  

China’s move to draft rules aimed at preventing monopolistic behaviour by internet platforms is “timely and necessary”, Alibaba Group CEO Daniel Zhang said on Monday. Alibaba Group CEO Daniel Zhang at the World Internet Conference in Wuzhen, Zhejiang province, China, November 23, 2020. The annual event from Nov. 23-24 organised by the Cyberspace Administration of China takes place as the …

Trump bans US investment in Chinese military-linked firms
4 years, 2 months ago

Trump bans US investment in Chinese military-linked firms

The Hindu  

President Donald Trump has stepped up a conflict with China over security and technology by issuing an order barring Americans from investing in companies that U.S. officials say are owned or controlled by the Chinese military. The impact of the order on Thursday wasn’t immediately clear but it could add to pressure on companies including telecom equipment giant Huawei and …

Trump administration readies crackdown on US investments in Chinese firms
4 years, 2 months ago

Trump administration readies crackdown on US investments in Chinese firms

Live Mint  

The Trump administration plans to unveil an executive order to prohibit U.S. investments in Chinese firms that Washington says are owned or controlled by the Chinese military, according to three sources familiar with the matter, ramping up pressure on Beijing after the U.S. election. The order, which could impact some of China's biggest companies, including telecoms firms China Telecom Corp …

Premarket stocks: China’s economy is the envy of the world
4 years, 2 months ago

Premarket stocks: China’s economy is the envy of the world

CNN  

A version of this story first appeared in CNN Business’ Before the Bell newsletter. London CNN Business — China’s economy expanded by 4.9% in the third quarter compared to the previous year, according to government data published Monday, showing the rest of the world what’s possible when Covid-19 is brought under control. “China’s economy continued its rapid rebound last quarter, …

Alibaba beats estimates as pandemic fuels online, cloud computing demand
4 years, 4 months ago

Alibaba beats estimates as pandemic fuels online, cloud computing demand

Live Mint  

China's Alibaba Group Holding Ltd beat quarterly revenue and profit estimates on Thursday, as its core commerce and cloud computing businesses continued to grow following China's emergence from the coronavirus lockdown. The company's stock has soared 23% this year as investors globally poured money into technology businesses seen as "stay-at-home" winners from the pandemic, and Alibaba said it had bounced …

Tencent profits are soaring, but it still has to contend with Trump’s WeChat ban
4 years, 5 months ago

Tencent profits are soaring, but it still has to contend with Trump’s WeChat ban

CNN  

Hong Kong CNN Business — Tencent reported surging profits on Wednesday as its executives scramble to understand a new US ban targeting its messaging app WeChat and the impact it will have on its business. During a call with investors, executives addressed President Donald Trump’s broad executive order issued last week against WeChat, highlighting several times that the action does …

Alibaba’s Hong Kong listing is about pleasing China and buying trade war insurance
5 years, 2 months ago

Alibaba’s Hong Kong listing is about pleasing China and buying trade war insurance

CNN  

Hong Kong CNN Business — Alibaba’s plan to raise billions of dollars by selling shares on the Hong Kong stock market will be one of the largest public offerings in the world this year. “Alibaba hardly lacks access to capital,” said Brock Silvers, managing director for Adamas Asset Management in Hong Kong. “We hope we can contribute, in our small …

Alibaba’s possible $15bn fall listing: A boon for Hong Kong?
5 years, 2 months ago

Alibaba’s possible $15bn fall listing: A boon for Hong Kong?

Al Jazeera  

The e-commerce giant’s listing could boost the Asian financial hub as it struggles with anti-government protests. Alibaba Group Holding Ltd plans to launch a Hong Kong share offering to raise $10bn to $15bn in the final week of November, in a deal that could boost the Asian financial hub as it struggles with anti-government protests. The United States-listed Chinese e-commerce …

Alibaba eyes November window for $10 bn IPO
5 years, 2 months ago

Alibaba eyes November window for $10 bn IPO

Live Mint  

Alibaba Group Holding Ltd is deciding between launching a sharply reduced $10 billion Hong Kong share sale in November or delaying the deal till next year as global uncertainty mounts, people familiar with the matter say. It can proceed with a required initial public offering hearing—either after its 1 November earnings or 11 November Singles’ Day shopping gala—or risk postponing …

Wall Street drops as White House weighs delisting Chinese companies
5 years, 3 months ago

Wall Street drops as White House weighs delisting Chinese companies

Live Mint  

US stocks slipped on Friday after news that the Trump administration was considering delisting Chinese companies from US stock exchanges and limit US investments into China. In addition to trade headlines, investors will next week focus on the ISM's purchasing managers index data for September, especially after the August report showed contraction in the manufacturing sector, as well as the …

Alibaba delays $15bn stock market listing amid Hong Kong protests, say reports
5 years, 4 months ago

Alibaba delays $15bn stock market listing amid Hong Kong protests, say reports

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Alibaba has postponed its long-awaited …

Tencent posted a big profit. But there’s trouble ahead
5 years, 5 months ago

Tencent posted a big profit. But there’s trouble ahead

CNN  

Hong Kong CNN Business — Tencent’s profit jumped 35% in the second quarter thanks to a sharp turnaround in its video game business. Shares in Tencent tumbled nearly 3% in Hong Kong on Thursday after the tech giant reported sales that fell short of analyst expectations and warned that an economic slowdown in China was hurting its advertising business. “China’s …

Tencent announces restructuring amidst introduction of tougher govt regulation
6 years, 3 months ago

Tencent announces restructuring amidst introduction of tougher govt regulation

Firstpost  

The reshuffle is followed by a hefty fall in market value for Tencent Holdings this year. Chinese internet giant Tencent Holdings announced on Sunday its first restructuring in six years, done at a time it faces increased challenges from tighter government regulations. The reshuffle comes as Tencent Holdings, which has seen a hefty fall in market value this year, is …

Tencent market value slumps by $20 billion after Chinese crackdown on gaming
6 years, 4 months ago

Tencent market value slumps by $20 billion after Chinese crackdown on gaming

Firstpost  

Chinese Ministry called on parents to limit the time their children spend using mobile phones. Tencent Holdings’ market value slumped by around $20 billion on Friday after China intensified a crackdown on online gaming citing rising levels of myopia, heightening regulatory risks for companies in the world’s biggest gaming market. Tencent has lost more than $160 billion in market value …

Tencent’s $143 billion rout is world’s biggest as tech sinks
6 years, 5 months ago

Tencent’s $143 billion rout is world’s biggest as tech sinks

Live Mint  

Hong Kong: If you thought the slump in US technology stocks was bad, take a look at Tencent Holdings Ltd. Tencent, Asia’s second-largest company after e-commerce behemoth Alibaba Group Holding Ltd., has also been dogged by concern that growth in its mobile-gaming unit is slowing. “Investors are increasingly pricing in lower expectations for Tencent’s interim results,” said Linus Yip, a …

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