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Hong Kong is seeing Covid-19 cases climb again, with the number of new infections at a six-week high amid a growing cluster that originated at a group of nightclubs in the financial hub’s Central district. → Read More
A Hong Kong company has raised eyebrows by promoting an “Excellent Wife” cooking course. → Read More
(Bloomberg) -- More bad news for Tencent Holdings Ltd.: the Chinese Internet giant has lost its spot as one of the world’s 10 biggest companies. After shedding over $200 billion in market value this year, more than any other company worldwide, Tencent has been replaced by Exxon Mobil Corp. → Read More
China’s benchmark equity gauge closed 5.2 percent lower, the biggest loss since February 2016, as a global sell-off spread. More than 1,000 stocks fell by the daily limit, or more than one in four. The Shanghai Composite Index ended below 2,600, a level not even breached during market crashes in 2015 and 2016. → Read More
More bad news for Tencent: the Chinese internet giant has lost its spot as one of the world’s 10 biggest companies. → Read More
(Bloomberg) -- For the most disappointing stock trade in the world this year, step forward Tencent Holdings Ltd. Of the 10 companies worth more than $100 billion that analysts predominantly rate as buy, Tencent has by some distance had the worst 2018, data compiled by Bloomberg show. → Read More
China’s sinking stock market reached an unwelcome milestone, with the Shanghai Composite Index closing at the lowest level since 2014, before a stock boom that turned into a $5 trillion bust. The Shanghai gauge dropped 1.1 percent to 2,651. → Read More
Tencent has bought back shares for a second day after its first repurchase in four years spurred speculation the battered internet behemoth may do more to support the stock. → Read More
China Evergrande Group is about to make its billionaire chairman even richer. → Read More
Slumping stocks and market volatility aren’t holding back foreign investors from snapping up Chinese shares. → Read More
They’ve reduced price targets, lowered earnings estimates and pulled the stock from focus lists. But good luck finding an analyst who’s willing to ditch their “buy” recommendation on Tencent Holdings Ltd. → Read More
Tencent’s stock price just keeps on tumbling, putting analysts’ still bullish price targets increasingly out of reach. → Read More
Tencent Holdings Ltd.’s stock price just keeps on tumbling, putting analysts’ still bullish price targets increasingly out of reach. → Read More
The Chinese internet giant has tumbled 25% from its January peak, erasing about $140bn of market value, the biggest wipe-out of shareholder wealth worldwide. → Read More
If you thought the slump in U.S. technology stocks was bad, take a look at Tencent Holdings Ltd. → Read More
The Chinese Internet giant has tumbled 25 percent from its January peak, erasing about $140 billion of market value. That’s the biggest wipeout of shareholder wealth worldwide, as measured from the date of each stock’s 52-week high. Facebook Inc., the F in the FANG block of mega-cap U.S. tech stocks, is the second-biggest loser with a $136 billion slump over the past three trading sessions. → Read More
China’s yuan will head in time to its weakest since 2008, and the country’s stock slump also has further to go, according to the veteran global economist George Magnus. → Read More
Global passive funds are buying China’s domestically traded shares for the first time and it’s not going well. → Read More
The Hang Seng China Enterprises Index shows how far the needle on China has moved from greed to fear. → Read More
Chinese stocks sunk into a bear market Tuesday, and analysts expect losses to deepen as concern over China’s economy, yuan weakness and a trade feud with the U.S. continue to rattle investors. → Read More