Latest Tencent Holdings Ltd News

China chases 'rejuvenation' with control of tycoons, society

Sep. 08, 2021 20:23 PM EDT

BEIJING (AP) — An avalanche of changes launched by China’s ruling Communist Party has jolted everyone from tech billionaires to school kids. Behind them: President Xi Jinping’s vision of making a more powerful, prosperous country by reviving revolutionary ideals, with more economic...

China's Alibaba promises $15.5B for development initiatives

Sep. 03, 2021 04:54 AM EDT

BEIJING (AP) — E-commerce giant Alibaba Group said Friday it will spend $15.5 billion to support President Xi Jinping’s campaign to spread China’s prosperity more evenly, adding to pledges by tech companies that are under pressure to pay for the ruling Communist Party's political...

Asian stocks rise following uptick on Wall Street

Aug. 03, 2021 23:37 PM EDT

SINGAPORE (AP) — Asian stocks were mostly higher Wednesday as traders mirrored overnight gains on Wall Street during another busy earnings week. The Kospi in South Korea advanced 0.9% to 3,264.78 and the Hang Seng in Hong Kong added 1.5% to 26,589.87. The Shanghai...

China's Tencent ordered to end exclusive music contracts

Jul. 23, 2021 23:46 PM EDT

BEIJING (AP) — Internet giant Tencent was ordered by regulators to end exclusive contracts with music copyright holders, adding to increased enforcement of anti-monopoly and other rules as Beijing tightens control over booming online industries. Tencent controls more...