Tag: Tencent Holdings Ltd
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Beijing seems to be easing its controls on giants like Alibaba
Alibaba’s sweeping reorganization is seen as a sign that the Chinese government could relax its intense scrutiny of the domestic technology sector. Alibaba founder Jack Ma returned to public engagements, in another welcome sign for investors. China is targeting 5% growth this year, after two years of its economy battered by Beijing’s strict Covid policies […]
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Alibaba shares rise 15% in Hong Kong after major revision news
Alibaba’s Hong Kong-listed shares rose during open day on Wednesday after the company announced a major overhaul to split the company into six business groups. The company said in its announcement that the move is intended to “unlock shareholder value”. Signage at the offices of Alibaba Group Holding Ltd. in Beijing, China, on Tuesday, January […]
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Jerome Powell flipped the script
Federal Reserve Board Chairman Jerome Powell gives a press conference following a meeting of the Federal Open Market Committee at the Federal Reserve on March 22, 2023 in Washington, DC. Alex Wang | Getty Images News | Getty Images This report comes from today’s CNBC Daily Open, our new newsletter for international markets. CNBC Daily […]
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Tencent’s online advertising revenue grows for the first time since 2021
Chinese tech giant Tencent reported better-than-expected quarterly revenue on Wednesday, aided by growth in advertising within its expanding “video accounts” business. Advertisements, however, still account for less than a fifth of Tencent’s total revenue — which barely grew in the fourth quarter and fell for all of 2022 as Covid controls put a brake on […]
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Chinese tech companies are keeping a close eye on ChatGPT’s AI prowess
Major tech companies in the US and China rushed this month to announce that they are working on artificial intelligence tools similar to ChatGPT. Their announcements often referenced ChatGPT while revealing few details about what they themselves were working on. Here’s what companies say they’re doing with the technology. An exhibit at the World Artificial […]