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Antonyms that are in the dictionary are marked in green. Antonyms that are not in the dictionary are marked in red.
A $32 million 2001 investment in China’s Tencent propelled Naspers to become a leading global investor.
Source: https://techcrunch.com/2023/09/17/prosus-naspers-ceo-bob-van-dijk-abruptly-steps-down/
A 50% drop in Tencent's NAV would drop the company's NAV by around 38%, showcasing just how tightly the company is tied to Tencent.
Source: https://seekingalpha.com/article/4568160-prosus-stock-reiterate-hold?source=feed_all_articles
As the gaming industry increasingly shifts towards mobile games and services dominated by companies like Apple, Google, and Tencent, Microsoft aimed to secure a stronger foothold through the acquisition.
Source: https://gamerant.com/cma-senior-director-law-firm-sony/
Backed by China's Tencent and venture capital funds Peak XV Partners and Matrix Partners, it is also planning an offline presence in primary and secondary healthcare through Practo-branded clinics.
BNP Paribas reckons travel, domestic consumption and tech shares can rise further and has upgraded China to “overweight” in its 2023 model portfolio, which includes stocks such as Tencent and Trip.com.
Source: https://www.shorenewsnetwork.com/2023/01/03/gloom-and-boom-fund/
ByteDance's competitor Tencent is the world's biggest gaming company in terms of revenue.
Source: https://www.bbc.co.uk/news/business-67550981?at_medium=RSS&at_campaign=KARANGA
China-owned internet firms Alibaba Group Holding and Tencent Holdings laid off nearly 10,000 workers in 2022.
Source: https://observer.com/2023/01/tiktok-parent-bytedance-reportedly-cut-hundreds-of-workers-in-china/
Chinese tech stocks slid after the Financial Times reported SoftBank was selling down its Alibaba stake, on the heels of Netherlands investor Prosus flagging some selling of its Tencent stake on Wednesday.
Source: https://business.inquirer.net/395744/stocks-and-gold-cheer-u-s-inflation-picture-while-dollar-slides
Even after its recent of Sea Limited, Tencent still has 18.7% stake in the company and intends to maintain the majority of its holdings in Sea Limited for the long term.
Global games market intelligence firm Niko Partners sees China’s mobile games market reaching by 2026 from USD 34.09 in 2022, representing a CAGR of 4.4%, a positive trend for market leader Tencent.
In a statement, Tencent said it sees no adverse impact from the fine, and that it expects China will focus on “normalized regulation” going forward.
Source: https://mybroadband.co.za/news/technology/499451-china-ends-tech-crackdown.html
It is difficult to say definitively how much Tencent has sold off of its total value, as this depends on a number of factors, including the market value of Tencent's shares and the value of the stakes that it has sold.
Its e-commerce rival JD.com Inc rose 7 percent and gaming giant Tencent Holdings Ltd gained 5 percent.
Its largest holdings are in Tencent, followed by Alibaba and Meituan.
Source: https://247wallst.com/investing/2023/02/07/global-pivot-4-overseas-etfs-beating-the-sp-500-in-2023/
Naspers has been trying to duplicate its Tencent success through investments in numerous food delivery, fintech, classified, and other eCommerce businesses.
Neither Tencent, the massive Chinese firm behind the web filter, nor Apple will say how or why the site was censored.
Source: https://theintercept.com/2023/01/26/apple-china-censorship-hong-kong-gitlab/
OpenAI, Microsoft and Google are at the forefront of this trend, but IBM, Amazon, Baidu and Tencent are working on similar technologies.
Previously, it collaborated with the Chinese company Leyou on an MMO set in this world, but after Leyou got acquired by Tencent.
Source: https://www.digitaltrends.com/gaming/amazon-lord-of-the-rings-mmo-new-world-team/
Prosus Falls by Record as Tencent Slumps on China Gaming Curbsbloomberg.
Released by Tencent in 2011, it is the largest standalone app in the world, with over 1 billion monthly active users.
Source: https://foreignpolicy.com/2023/02/28/wechat-censorship-china-tiktok/