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TENCENT BUYBACK
Tencent Q2 Results: Revenue rises on gaming business recoveryChina's Tencent Holdings reported an 8% rise in second-quarter revenue on Wednesday, driven by a recovery in its gaming business after a la...- Tencent's Q2 revenue up 8% on recovery in gaming businessTencent Holdings saw an 8% increase in second-quarter revenue due to a strong performance in its gaming business and the successful launch ...
- China's Tencent posts weak revenue growth, plans to double buybacksChina's Tencent Holdings posted a weaker-than-expected 7% rise in fourth-quarter revenue on Wednesday as its gaming revenue shrank, and sai...
- China's Tencent posts weak revenue growth, plans to double buybacksTencent Holdings' Q4 revenue rose by 7%, below analysts' expectations due to China's economic slowdown. The company plans to double its sha...
- Chinese gaming firms unveil share buybacks after regulatory move unnerves investorsLast Friday, regulators published draft rules that would ban online games from giving players rewards if they log in every day, if they spe...
- Prosus reports $2 billion in core earnings, sees ecommerce profitability earlierCore headline earnings for the six months ended September 30 were $2 billion, from $1.1 billion in the same period a year earlier, in line ...
- Alibaba shares rise 5.5% amid hopes Ant regulatory crackdown is endingThe scrutiny of the last two years created an uncertain environment that wiped billions off China tech sector share prices, including onlin...
- Flipkart-PhonePe spilt: Flipkart staff to receive $700 million cash payout this monthEligible former and current employees will receive $43.67, or about Rs 3,615 for each unit of Esop they hold in Flipkart as compensation fo...
- Dutch tech investor Prosus to end cross-holding with parent NaspersThe cross-holding had been set up in 2021 via a share swap deal under which Prosus issued new shares to buy a 45.4% stake in Naspers, effec...
- Tencent shares slump as Prosus seen to step up sellingThe internet company’s shares dropped 5.2% to HK$357.2 in Hong Kong, the most since late January, after news that Prosus planned to deposit...
- Tencent denies report it will sell down Didi, Meituan stakesTencent Chief Strategy Officer James Mitchell said last month that a Reuters report it intends to sell all or much of its stake in food del...
- Legendary China bets unwind as Warren Buffett, SoftBank, Naspers sellBig-name investors who’ve made billions from Tencent Holdings, Alibaba Group Holding, and BYD Co., are taking money off the table.
- European stocks hit two-week high as commodities reboundThe continent-wide STOXX 600 index was up 0.7%, as of 0716 GMT, mirroring a sharp rebound on Wall Street late last week on easing concerns ...
- Naspers, Prosus to sell Tencent shares to fund buybacksThe programme would be funded by on-market sales of Tencent's shares held by the two companies, Tencent said.
- Market darling Tencent turns into world's worst stock bet with $170 billion wipeoutTencent’s shares rebounded by 7.1% on Thursday morning, tracking broader gains in Chinese stocks after Beijing intensified efforts to allev...
- Flipkart to buy back employee stock options worth Rs 600 croreSources said the employee stock options buyback would entail a spending of about Rs 600 crore, and employees will be able to liquidate up t...
- Udaan to buy back employee stocks worth Rs 165-175 croreUdaan joins a slew of companies such as Cred, Swiggy, Razorpay, Acko, Zerodha and Browserstack that have announced Esop buybacks in the pas...
- Tencent’s consent key to future Flipkart share saleFlipkart investors can sell shares to Alibaba only if Tencent is notified of the transaction in detail at least five business days ahead.
- A company's 60,000% runup leads to one of the biggest VC payoffs everThe stake Naspers bought for just $32 million in 2001, when Tencent was an obscure Web firm in a nation where few people used the Internet,...
- Pecking order at Flipkart after last funding roundFlipkart cofounder and group CEO Binny Bansal sold shares worth $30-35 million in the buyback last year, bringing his stake down from 7.6% ...
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