Tencent

China targets Jack Ma’s Alibaba empire in monopoly probe - THE EDGE SINGAPORE

Company in the news

China targets Jack Ma’s Alibaba empire in monopoly probe

“Wild growth” in markets needs to be curbed by law, said the People's Daily.

Bonds and treasuries

Tencent Music draws over $13.6bil in orders for debut dollar bonds

Tencent Music Entertainment Group has attracted more than US$10 billion ($13.67 billion) of orders for its dual-tranche debut dollar bond, beating expectations for investment-grade offerings in Asia’s offshore credit market.

Tech

Funds pounce on Chinese tech selloff

“The U.S. ban on Chinese internet companies will have little impact on the revenue and earnings of most listed Chinese internet companies,” - Jian Shi Cortesi, fund manager at GAM Investment Management in Zurich

China Focus

Tencent loses US$34.6 billion as WeChat ban rocks China stocks, Yuan

The Trump administration’s move to ban US residents from doing business with Tencent Holdings Ltd.’s WeChat app has erased US$34.6 billion ($47.3 billion) from the Internet giant’s market value.

Currencies

Rise of the digital redback

China, one of the world's least cash intensive countries, moves one step closer towards a central bank digital currency.

Tech

The tech behind China's new digital currency

Unlike cryptocurrencies, which use distributed ledgers and strong cryptography to capture details of coin ownership and transaction, PBOC favours a centralised ledger model that will record and monitor transactions.

Tencent-backed Sea to raise US$1.35 bil in US share sale

(Mar 6): Sea, operator of Southeast Asia’s biggest gaming platform, has raised US$1.35 billion ($1.83 billion) after increasing the size of a follow-on stock offering.

Singapore's 139-year-old telecom has plans for millennials

SINGAPORE (July 11): Singapore Telecommunications was around back when the telegraph was still cool. Now the 139-year-old company is experimenting with video games as a way to raise its profile with millennials.

Singapore economy

Singapore 2017 tourism breaks record for 2nd year running

SINGAPORE (Feb 12): Singapore’s tourism arrivals and visitor arrivals both achieved record highs in 2017 for the second time in two years.

Fintech

Asean e-commerce poised for explosive growth on the back of China's tech dragons

SINGAPORE (Jan 31): The entry of Chinese tech giants into the Asean e-commerce scene could see explosive growth for online retailing in the region, according to Credit Suisse research.
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