Expanding TME's Global Footprint to Elevate International Music Experiences SHENZHEN, China, Oct. 17, 2024 /PRNewswire/ -- Tencent Music Entertainment Group (TME) today announced a strategic partnership with Galaxy Corporation, the agency representing the influential global musician G-Dragon, for his upcoming regional tour. The collaboration marks a significant step forward in TME's ambitions to expand its global presence and further solidify its position in the international music scene.As part of this agr ...

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Momentum investing revolves around the idea of following a stock's recent trend in either direction. In the 'long' context, investors will be essentially be "buying high, but hoping to sell even higher." With this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving that way. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades. While many investors like to look for momen ...

Tencent (TCEHY, Financial) is experiencing a notable decline today, with its share price down by 8.9% to $56.80 amidst investor concerns over the extent of economic stimulus measures from the Chinese government.Tencent's stock, along with other Chinese companies, has been impacted by skepticism regarding the effectiveness of China's proposed economic stimulus plans. Despite reassurances from Chinese officials about achieving economic growth targets, the market remains unconvinced, leading to significant sel ...

Uncertainty surrounding China's stimulus plans is causing volatility for Tencent. Tencent (TCEHY -9.54%) stock is sinking in Tuesday's trading. The Chinese technology and media giant's share price was down 8.4% as of 2:45 p.m. ET, according to data from S&P Global Market Intelligence. Chinese stocks are losing ground today following indications that additional economic stimulus from the country's government won't be forthcoming in the near future. Tencent and many other China-based companies saw their valua ...

This article has been reviewed according to Science X's editorial process and policies . Editors have highlighted the following attributes while ensuring the content's credibility: The logo of French video game publisher Ubisoft is pictured at the Paris games week in Paris, Nov. 4, 2017. Credit: AP Photo/Christophe Ena, File Shares of Ubisoft jumped more than 30% Friday, following reports that Tencent and the Guillemot family are considering a buyout of the video game maker. Bloomberg news reported that Ten ...

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Sources reveal that Tencent and France's Guillemot family are contemplating a potential acquisition of Ubisoft (UBI, Financial). However, discussions are at an early stage and may not result in a transaction. One option under consideration is a joint effort to privatize the company. Ubisoft's shares in the European market have declined by 54% this year, giving the company a market value of approximately 1.4 billion euros (1.5 billion dollars). According to the latest announcement from Ubisoft, Tencent holds ...

A new Exchange-Traded Fund (ETF), the Roundhill China Dragons ETF (DRAG, Financial), has been launched to capture the performance of China's leading large-cap companies. The fund tracks an equal-weight basket of 5 to 10 of China's largest and most innovative tech companies, currently including Tencent (TCEHY), Pinduoduo (PDD), Alibaba (BABA), Meituan (MPNGY), BYD (BYDDY), Xiaomi (XIACY), JD.com (JD), Baidu (BIDU), and NetEase (NTES).At market close, the ETF rose by 0.6%, ending at $25.14. According to Round ...

When looking at the Chinese stock market in the last few days, we see a rather unusual picture. Several stocks were increasing in the high single digits or even double digits for several days in a row. Baidu, Inc. ( My analysis is focused on high-quality companies, that can outperform the market over the long-run due to a competitive advantage (economic moat) and high levels of defensibility. Focused on European and North American companies, but without constraints regarding market capitalization (from larg ...