Tencent - Asia Tech Wire

Tencent

2025.01.21

17:33

Southbound funds made net purchases of 1.535 billion yuan today. In terms of Hong Kong Stock Connect (Shanghai), Tencent Holdings and SMIC received net purchases of HK$800 million and HK$662 million respectively; Xiaomi Group-W had the largest net sales of HK$177 million; in terms of Hong Kong Stock Connect (Shenzhen), SMIC and ZTE received net purchases of HK$200 million and HK$53 million respectively; Tencent Holdings had the largest net sales of HK$679 million.

2025.01.20

17:33

Southbound funds made net purchases of 1.347 billion yuan today. In terms of Hong Kong Stock Connect (Shanghai), Tencent Holdings and Southern Hang Seng Technology received net purchases of HK$737 million and HK$524 million respectively; Tracker Fund Management ranked first in net sales, with an amount of HK$1.552 billion; in terms of Hong Kong Stock Connect (Shenzhen), SMIC and Ping An of China received net purchases of HK$215 million and HK$178 million respectively; Xiaomi Group-W ranked first in net sales, with an amount of HK$398 million.

17:32

Southbound funds net bought 1.347 billion yuan today

17:02

HSBC: Lowered the target price of Tencent Holdings (00700.HK) from HK$570 to HK$540.00.

11:12

Tencent withdraws WeChat Blue Packet trademark applications

In December last year, Tencent Technology (Shenzhen) Co., Ltd. applied to register multiple "WeChat Blue Packet" and "Blue Packet" trademarks, with international classifications of scientific instruments, advertising sales, financial property management, etc.

09:58

The Hong Kong stock market's film, television and entertainment sectors strengthened, with Maoyan Entertainment (01896.HK) rising more than 5%, Tencent Music (TME.N) rising more than 4%, and NetEase Cloud Music (09899.HK), China Ruyi (00136.HK) and others following suit.

2025.01.17

23:08

17:32

Southbound funds made a large net purchase of 8.325 billion yuan today. In terms of Hong Kong Stock Connect (Shanghai), Tencent Holdings and Tracker Fund Management received net purchases of HK$650 million and HK$482 million respectively; Alibaba-W ranked first in net sales, with an amount of HK$36 million; in terms of Hong Kong Stock Connect (Shenzhen), SMIC and Tencent Holdings received net purchases of HK$1.284 billion and HK$183 million respectively; China Mobile ranked first in net sales, with an amount of HK$235 million.

10:15

Tencent concept stocks in Hong Kong stocks rose, WeMall Group (02013.HK) rose more than 10%, China Youzan (08083.HK), Oriental Selection (01797.HK), and Kingsoft Software (03888.HK) rose more than 2%.

10:13

Hong Kong stocks Tencent concept stocks rose, Weimob Group rose more than 10%

Tencent concept stocks in Hong Kong stocks rose, with WeMall Group rising by more than 10%, Youzan, Oriental Selection, Kingsoft Software and others rising by more than 2%.

07:12

Tencent AI assistant "Yuanbao" team moved to CSIG, led by head of Tencent Conference

Recently, Tencent's AI assistant application "Yuanbao" completed an organizational adjustment, and the product team was adjusted to CSIG (Cloud and Smart Industry Business Group). After the adjustment, the "Yuanbao" application will be handed over to Lori Wu, head of Tencent Conference. Lori Wu is one of the main roles in incubating Tencent Conference from 0 to 1. Since its launch in 2020, Tencent Conference now has more than 300 million users, making it a phenomenal product in the enterprise service market. From then on, Lori Wu will be mainly responsible for the product capability building and experience optimization of Yuanbao. Tencent Hunyuan Large Model R&D team will continue to focus on model capability and performance improvement to provide technical support for "Yuanbao".

2025.01.16

21:42

Are old shareholders of Xiaohongshu cashing out while the market is hot? No official response yet

It is reported that Xiaohongshu's major shareholders are in talks to sell shares at a valuation of at least $20 billion. With a potential TikTok US ban approaching, the deal has attracted the interest of Tencent Holdings Ltd. and other well-known investors. According to people familiar with the matter, Xiaohongshu's backers GGV Capital, GSR Ventures and Tiantu Capital are in talks to sell part of their shares. Investors who have expressed interest include existing shareholders Sequoia China and Hillhouse Capital. Tencent is also considering whether to increase its stake. In this regard, Sina Technology verified with Xiaohongshu officials, but as of press time, the other party has not responded.

18:05

Report: Xiaohongshu's largest shareholder in talks to sell shares valued at at least $20 billion

Xiaohongshu’s largest shareholder is in talks to sell shares in the company at a valuation of at least $20 billion. Tencent and other large companies are reportedly interested in the deal. According to people familiar with the matter, GGV Capital, GSR Ventures and Tian Tu Capital are in talks to sell part of their stakes in Xiaohongshu. Funds that have shown interest include existing shareholders HongShan Capital Group (formerly Sequoia China) and Hillhouse Investment, the people said. Tencent is also considering whether to buy more shares, one of the people added. However, the deal has not yet been completed because existing shareholders have pre-emptive rights and the negotiations could still fail if potential buyers decide to put it on hold, the people said.

17:50

According to an announcement from the Hong Kong Stock Exchange, Tencent Holdings (00700.HK) spent HK$1.5 billion to repurchase 3.9 million shares on January 16.

17:49

Tencent repurchased 3.9 million shares for HK$1.5 billion on January 16

Tencent repurchased 3.9 million shares for HK$1.5 billion on January 16.

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