Tencent Holdings
Tencent sells 2.1% stake in PB Fintech for Rs 1,668 cr; SBI MF, SocGen pick
Chinese conglomerate Tencent on Thursday sold a 2.1 per cent stake in PB Fintech, the parent company of Policybazaar, for Rs 1,668 crore via open market transactions, while SBI Mutual Fund (MF) and Societe Generale (SocGen) picked up stake in the company. Tencent Cloud Europe BV, an affiliate of Shenzhen-based technology multinational Tencent, offloaded 97 lakh shares in 15 tranches, amounting to a 2.13 per cent stake in PB Fintech, as per the block deal data available on the BSE. The shares were disposed of at an average price of Rs 1,719.75 apiece, taking the transaction value to Rs 1,668.15 crore. After the share sale, Tencent's sharehdoling in PB Fintech has declined to 2.13 per cent from 4.26 per cent. Meanwhile, SBI MF, Axis MF, Mirae Asset MF, ICICI Prudential Life Insurance, HDFC Life Insurance, Europacific Growth Fund, Goldman Sachs Singapore, Copthall Mauritius Investment, Ghisallo Master Fund LP, SocGen, and British hedge fund Marshall Wace were among the buyers of PB ..
 "Tencent sells 2.1% stake in PB Fintech for Rs 1,668 cr; SBI MF, SocGen pick")
Tencent leads $80 billion rout as China gaming curbs revive crackdown fears
The top gaming regulator on Friday published draft rules broadly designed to clamp down on practices that encourage players to spend more money and time online
 "Tencent leads $80 billion rout as China gaming curbs revive crackdown fears")
CEO of Tencent-backed Chinese live-streaming service DouYu goes missing
The 39-year-old CEO Chen Shaojie made his last public appearance in August when he spoke on the company's quarterly earnings conference call with financial analysts, the report said.
 "CEO of Tencent-backed Chinese live-streaming service DouYu goes missing")
Ant Group receives Chinese government nod to roll out AI services
Bailing will be applied to Ant's various services and help with innovation, Xu Peng, vice president of Ant Group said in a statement on Monday
 "Ant Group receives Chinese government nod to roll out AI services")
19th Asian Games: Tencent at the wheel, esports gets its biggest moment
Company executives and government officials are counting on esports as an instrumental part of their post-Covid comeback
 "19th Asian Games: Tencent at the wheel, esports gets its biggest moment")
China's new obsession: Luring billionaires to catch US titans in AI race
Billionaire entrepreneurs, mid-level engineers and veterans of foreign firms alike now harbor a remarkably consistent ambition: to outdo China's geopolitical rival in a technology
 "China's new obsession: Luring billionaires to catch US titans in AI race")
Chinese tech giant Tencent Holdings wins approval for gaming blockbusters
It was only the second time the Chinese tech giant gained licences for blockbuster titles since Beijing resumed issuing them in April
Tencent to hand $20 billion Meituan stake to shareholders as sales slip
Meituan said it would maintain its mutually beneficial business relationship with Tencent after the divestment, which comes as the Shenzhen-based tech giant shuts some unprofitable businesses
Tencent targets $14.5 bn in divestments of listed equity portfolio: Report
Food-delivery service Meituan is among the assets that are in the pipeline for divestment, the paper reported.
 "Tencent targets $14.5 bn in divestments of listed equity portfolio: Report")
China's Tencent reports first-ever drop in revenue as economy sinks
Revenue from online games decreased both at home and abroad by 1%
 "China's Tencent reports first-ever drop in revenue as economy sinks")
China's Tencent Holdings may sell $24-billion stake in food delivery firm
Tencent, which owns 17% of Meituan, has been engaging with financial advisers in recent months to work out how to execute a potentially large sale of its Meituan stake
Tencent Holdings top backer Prosus to cut $134 billion stake: Report
Tencent declined in Hong Kong on Monday as investors pondered the extent to which Prosus, the Chinese company's biggest shareholder, will unload its stock
Tencent Holdings's revenue grows at slowest pace in 2 decades
Tencent Holdings's revenue grew at the slowest pace since its 2004 listing, showing the financial toll of China's crackdown on its most lucrative businesses from gaming to advertising.
Chinese authorities mulls Tencent Holdings payments overhaul
The potential move would present a fresh hurdle for Tencent, which along with other internet firms was told in 2021 to cordon off financial services from its main business.
Alibaba, Tencent preparing to cut tens of thousands of jobs this yr: Rpts
The job cuts at the two companies would be their first major layoffs since Chinese regulators launched an unprecedented campaign a year-and-a-half ago to rein in its internet giants
 "Alibaba, Tencent preparing to cut tens of thousands of jobs this yr: Rpts")
Tencent dives 10% on report of record fine for money laundering
Tencent itself has thus far mostly escaped formal regulatory action
 "Tencent dives 10% on report of record fine for money laundering")
Tencent Holdings leads China tech selloff amid fears of further crackdown
Traders pointed to everything from warnings from regulators over the weekend about scams in the metaverse
PUBG Mobile emerges as top grossing mobile game worldwide for Jan 2022
About 64 per cent of PUBG Mobile's revenue was from China
 "PUBG Mobile emerges as top grossing mobile game worldwide for Jan 2022")
PUBG owner Tencent plans to take US-listed streaming firm DouYu private
Shares in DouYu, one of Tencent's main platforms for game marketing and China's No. 2 videogame streaming site, surged as much as 17.6% on the news, closing 14% higher on Thursday
Chinese tech stocks plunge on Tencent Holdings sale, fine on Alibaba
The Hang Seng Tech Index fell 4.6%-the most since July-in a third straight day of declines
 "Chinese tech stocks plunge on Tencent Holdings sale, fine on Alibaba")
