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Tencent
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.
December 24, 2020
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.
August 27, 2020
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
August 11, 2020
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.
August 07, 2020
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.
July 17, 2020
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.
July 17, 2020
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.
March 06, 2019
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.
July 11, 2018
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.
February 12, 2018
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.
January 31, 2018