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Tencent Q1 2023 Earnings Statement Rides High on Increased Payment Volumes, Ad Sales, Gaming

Chinese tech giant Tencent saw its Q1 2023 revenue jump 11% YoY to $21.4 billion amid relaxed industrial regulations.  Tencent Holdings posted its Q1 2023 results, reflecting the company’s fastest jump in quarterly revenue in over a year. The latest quarterly figures also mark a resounding rebound for the Chinese tech giant following a series of underwhelmingly flat quarters. For Q1 2023, Tencent posted an 11% year-over-year revenue jump to 150 billion Chinese yuan ($21.4 billion) compared...

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China Welcomes Tech IPO Endeavors from Alibaba,, & Others after Lengthy Spell on Sidelines

Following two years of crackdowns and sanctions, China appears ready to unlock private sector potential via tech IPO developments.  Alibaba Group Holding and are reportedly involved in developments that could revive the long-dormant tech IPO landscape in China. Both tech giants are setting plans to float initial public offerings in the East Asian nation. These developments, three expected 2023 monumental Chinese debuts, could prop up the country’s flailing tech industry and...

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Market amid Coronavirus: When Investing in Times of Crisis, Think Long-Term

There is nothing so far to suggest that there will be a permanent impact on businesses, or that earnings will not eventually recover. But when you want to invest during the crisis, you need to think about long-term benefits.As coronavirus is spreading at an incredibly fast pace, people all over the world are watching eventual developments in the markets to find stocks for investing. However, it is important to stress that making an investment just because the markets are down and/or you are...

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Alibaba Singles’ Day Hits $14 Billion in the First Sales Hour

Every year on November, 11, the Chinese celebrate the biggest shopping event knows as Singles’ Day. It is always a big deal for the retailing giant Alibaba and legions of other online shoppers, and this year is no exception. Alibaba, that has been promoting the event since 2009, has said that in the first nine hours, sales for the Singles’ Day shopping blitz reached 158.31 billion yuan ($22.63 billion), which is equal to more than half of last year’s record haul for the 24-hour event.Singles’...

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