Chinese technology shares advanced on Monday as the sector’s outlook improved further following regulator comments that a years-long crackdown is ending.
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Ant Group’s founder Jack Ma will give up control of the Chinese fintech giant in an overhaul that seeks to draw a line under a regulatory crackdown.
Investors have been spooked by new US export control measures aimed at slowing Beijing’s technological and military advances.
Telkom’s IT systems integration business, BCX, has signed a partnership agreement with Alibaba Cloud, the cloud services arm of Alibaba Group.
For early backers, including Naspers, they’ve been some of the most profitable Chinese stock investments of all time.
Tencent Holdings logged its first-ever decline in quarterly revenue, becoming the latest victim of a worsening Chinese economy.
China’s Internet giants have shared details of their prized algorithms with Beijing for the first time, an unprecedented move.
Just 18 months ago, Tencent Holdings was on the cusp of becoming Asia’s second trillion-dollar company. No more.
A plan by Tencent’s major backer, Naspers-controlled Prosus, to further cut its stake in the company fuelled concerns among investors on Tuesday.
Tencent CEO Pony Ma shared a viral opinion piece slamming China’s weakening economy under stringent Covid Zero measures.