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ByteDance seeks court order to pause TikTok divestment ahead of Supreme Court review
ByteDance and TikTok have requested a temporary halt to a U.S. law mandating the divestiture of TikTok by January 19, pending a Supreme Court review. The companies argue that the law threatens to shut down the app, which has over 170 million U.S. users, just before a presidential inauguration. The outcome now hinges on the incoming Biden administration's decision on a potential extension and the Supreme Court's willingness to hear the case.
CNBC
TENCENT CHN Donald Trump Joe Biden
Regulatory & Legal, News Article
16:21 09.12.2024
China's Stimulus Measures Show Gradual Impact Amid Economic Caution
China's recent stimulus measures are slowly impacting the economy, with cautious optimism from companies like Meituan, Alibaba, and Tencent regarding future growth. While manufacturing activity shows signs of improvement, the labor market remains weak, and external uncertainties pose risks. Analysts suggest that further fiscal support may be necessary to sustain momentum as the country aims for a growth target of around 5%.
CNBC
United States Dollar TENCENT Alibaba Meituan CHN Shaohui Chen Donald Trump Gabriel Wildau Show more
Finance & Economy, Market Report
00:05 05.12.2024
China's AI ambitions balance innovation with control over political power
China is racing to develop artificial general intelligence (AGI) while balancing its ambitions with the need to maintain control over its political landscape. Experts warn that the rapid advancement of AI poses significant risks, leading to calls for international regulations to ensure safety and prevent uncontrollable developments. As the U.S. restricts China's access to key technologies, Beijing is focused on building its own capabilities, viewing AI as a means to enhance both geopolitical power and domestic growth.
CNBC
Chinese Yuan United States Dollar NVIDIA Corporation Alibaba Huawei TENCENT USA CHN GBR Max Tegmark Sam Altman Elon Musk Kendra Schaefer Abishur Prakash Show more
Technology & Innovation, News Article
00:04 03.12.2024
rise of female gamers boosts honor of kings global expansion
Tencent"s mobile game Honor of Kings is experiencing a surge in female players, with nearly half of gamers being women, driven by the game"s accessibility and engaging content. The game, which has seen significant global expansion, recently attracted 33,000 fans to a competition in Beijing, highlighting its growing popularity among diverse audiences. Despite the increase in female participation, competitive play remains male-dominated, though efforts are being made to encourage more female involvement in esports.
CNBC
United States Dollar Team Vitality SAS Riot Games TENCENT SensorTower CHN USA IDN FRA SAU MYS Tianyun Gao Xiaofeng Zeng Team Vitality Jackie Huang Chirag Ambwani Show more
Technology & Innovation, News Article
00:14 19.11.2024
markets retreat as investors assess implications of election results and policies
U.S. markets ended the week lower, with the S&P 500 down 1.32% and the Nasdaq Composite falling 2.24%, as investors reacted to Trump’s health department nomination impacting pharmaceutical stocks. Meanwhile, Samsung Electronics announced a surprise $7.19 billion stock buyback, boosting its shares. All eyes are on Nvidia's upcoming earnings report, which could set the tone for market movements amid ongoing volatility and potential policy shifts under the new administration.
CNBC
South Korean Won NVIDIA Corporation TENCENT Samsung Electronics USA CHN KOR JPN Joe Biden Xi Jinping Robert F. Kennedy Jr. Michael Santoli Show more
Finance & Economy, Market Report
08:30 18.11.2024
tencent leverages wechat ecosystem to challenge cloud giants amazon and microsoft
Tencent is leveraging its WeChat ecosystem to challenge the cloud dominance of Amazon, Microsoft, and Google, offering clients the ability to create their own super apps. With WeChat's 1.3 billion users, Tencent Cloud is attracting interest, particularly from the financial and government sectors, for its integrated services and tailored on-premise solutions. While super apps enhance user engagement, cloud clients prioritize infrastructure reliability and security, highlighting Tencent's unique position in the market.
CNBC
Chinese Yuan United States Dollar Amazon.com, Inc. Microsoft Corporation TENCENT Google Inc. KHM SGP CHN Dowson Tong Wei Sun Show more
Technology & Innovation, Market Report
06:00 18.11.2024
tencent reports strong profit growth driven by games and ai benefits
Tencent reported a profit of 53.23 billion yuan ($7.37 billion) for the third quarter, exceeding expectations of 46.18 billion yuan, driven by growth in gaming, advertising, and cloud services. However, the company's revenue of 167.19 billion yuan fell slightly short of the analyst forecast of 167.82 billion yuan.
CNBC
Chinese Yuan TENCENT CHN
Finance & Economy, Market Report
09:49 13.11.2024
market update stocks decline as key players prepare for earnings reports
Stocks experienced a modest decline on Tuesday, with the S&P 500 falling 0.3% and the Dow Jones Industrial Average losing nearly 1%. Despite this, all major indices remain up significantly for November, with the Nasdaq Composite gaining nearly 6.6%. Key stock pickers are in focus, and CyberArk Software is set to report results Wednesday, having dropped 5.5% on Tuesday.
CNBC
TENCENT CyberArk Software Zoom Video Communications, Inc. Gerry Cardinale Ben Affleck Nelson Peltz Jagdeep Singh Bachher David Einhorn Show more
Finance & Economy, Market Report
01:28 13.11.2024
comprehensive analysis of the online medicine market from 2024 to 2031
The Online Medicine market is set for significant growth from 2024 to 2031, driven by key players like Google, Apple, and Tencent. The analysis covers market dynamics, segmentation by product types and applications, and regional insights, highlighting strategies such as acquisitions and product launches that enhance competitive positioning. Comprehensive forecasts and historical data provide valuable insights for strategic decision-making in the medical sector.
rock-news.at
Chinese Yuan Euro United States Dollar Japanese Yen Alibaba Group Holding Limited Baidu, Inc. TENCENT Microsoft Corporation Apple Inc. CHN FRA BRA KOR IND ZAF ITA SAU ARG EGY CAN USA RUS JPN MEX GBR DEU ARE AUS COL Gauri Dabi Show more
Healthcare, Market Report
09:40 05.11.2024
sam altman's reddit stake surpasses one billion dollars after earnings surge
Sam Altman's stake in Reddit is now valued at over $1 billion following a 20% surge in the company's shares after a strong earnings report. Altman, who controls approximately 12.2 million shares, was a significant investor in Reddit, contributing $60 million in 2021. He remains one of the largest shareholders, with no indication of selling his stock since the lockup period ended in September.
CNBC
Stripe Reddit, Inc. TENCENT Asana, Inc. Uber Technologies, Inc. OpenAI Advance Magazine Publishers Inc. Instacart (Maplebear Inc.) Airbnb, Inc. Fidelity National Information Services, Inc. Conde Nast Asia/Pacific Inc. CHN USA Joe Biden Sam Altman Ari Levy Show more
Finance & Economy, News Article
22:20 29.10.2024
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