Tencent bets on the growth of cloud computing abroad amid gaming slowdown

Tencent has faced a number of headwinds in 2022, including a Covid-induced slowdown in China’s economy and a tougher gaming market. Bobby Jip | Reuters tencent said it will launch new cloud computing products aimed at overseas markets as it looks for new avenues for growth amid a slowdown in its core online video game … Read more

Tencent bets on the growth of cloud computing abroad amid gaming slowdown

Tencent has faced a number of headwinds in 2022, including a Covid-induced slowdown in China’s economy and a tougher gaming market. Bobby Jip | Reuters tencent said it will launch new cloud computing products aimed at overseas markets as it looks for new avenues for growth amid a slowdown in its core online video game … Read more

Kevin O’Leary says it’s ‘crazy’ not to invest in Chinese stocks

Avoiding the Chinese market is “crazy” and “makes no sense” in light of how cheap Chinese stocks are currently, said Kevin O’Leary of O’Shares Investments. According to him, this is due to these factors: the expected size of economic growth in China; a foreseeable end to regulatory disputes with the United States; and the interdependence … Read more

Chinese tech giants record worst-ever growth due to zero Covid

Chinese tech giants, including Alibaba, have seen slower to no growth as the Chinese economy faces weakness from Beijing’s zero-covid policy. Qilai Shen | Bloomberg | Getty Images Chinese tech giants are coming off the back of their worst quarter of growth in history as a major slowdown in the world’s second-largest economy, fueled by … Read more

China’s Alibaba and Tencent focus on cost cutting amid slowing growth

Alibaba has faced growth challenges amid tightening regulations on China’s domestic technology sector and a slowdown in the world’s second-largest economy. But analysts think the e-commerce giant’s growth could pick up through the rest of 2022. Kuang Da | Jimian News | VCG | Getty Images Chinese tech giants Alibaba and Tencent often talk about … Read more

Tencent looks to short video ads to boost revenue amid game slump

Tencent runs the ubiquitous Chinese messaging app WeChat. The company has a short video feature in the app and has started monetizing it through video ads in the feed. Tencent said such ads could become a “substantial” source of revenue in the future. Budrul Chukrut | Sopa images | Light rocket | Getty Images Tencent … Read more

Alibaba wants to work with US regulators over audit issues

Alibaba has faced growth challenges amid tighter regulations on China’s domestic technology sector and a slowdown in the world’s second-largest economy. But analysts think the e-commerce giant’s growth could pick up through the rest of 2022. Kuang Da | Jimian News | VCG | Getty Images Chinese e-commerce giant Alibaba said it will comply with … Read more

European Markets Open to Shutdown, Jobs Report, Inflation Data, Fed

LONDON – European stocks are expected to open lower Monday as investors prepare for more key inflation data out of the US this week. The UK’s FTSE index opens 65 points lower at 7,137, Germany’s DAX is down 124 points at 12,879, France’s CAC 40 is down 61 points at 5,969 and Italy’s FTSE MIB … Read more

What Cramer looks at on Wednesday: Fed recession or gains, and broad fintech cuts

What I’m Watching Jul 6, 2022 Was Micron (MU) the first time we saw a stock rally after a lower forecast and was that because it sold at just 5 times earnings? If interest rate falls are a sign of a recession, why are homebuilders climbing the most prone to recession? Or could the drop … Read more