Tencent Holdings Ltd.

Tech

Tencent gains US$26 bil after US says WeChat ban won’t be as broad as feared

The WeChat owner jumped as much as 4.2% in Hong Kong on Monday after it was said that the Trump administration is privately seeking to reassure US companies that they can still do business with the app in China.
From Reuters

China Focus

Tencent's online publisher files for Hong Kong IPO seen worth US$800 mil

HONG KONG (July 4): China Literature, a Tencent Holdings unit and the country's largest online publishing and e-book company, has filed for a Hong Kong initial public offering that is expected to raise as much as US$800 million ($1.1 billion).

Tech

China’s web giants expected to post sales growth above 40%

HONG KONG (May 17): China’s internet titans are set to supply ample evidence that online spending continues to defy a slowdown in the world’s second largest economy.
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