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Tencent Music’s Q1 revenue downbeat, shares rise amid hopes for regulatory easing

HONG KONG: China’s Tencent Music Entertainment posted a 15% slump in first-quarter revenue, matching expectations,...

Published 17 May, 2022 11:03am

Markets

Tencent’s WeChat to reveal user locations on public account posts

BEIJING: China’s most popular messaging service WeChat will begin revealing users’ locations when they post on a...

Published 29 Apr, 2022 08:52pm

Technology

Tencent shuts game streaming site after China blocks merger

BEIJING: Chinese tech giant Tencent will close its game streaming platform, less than a year after authorities...

Published 08 Apr, 2022 01:41pm

Technology

China considers Tencent payments overhaul, new license requirement

China is considering requiring Tencent Holdings Ltd to include WeChat Pay in a newly created financial holding...

Published 18 Mar, 2022 12:05pm

Technology

China's Tencent to reduce transaction fees on WeChat payments for SMEs

SHANGHAI: Chinese social media giant Tencent Holdings Ltd will reduce transaction fees for small and medium-sized...

Published 03 Mar, 2022 12:20pm

Technology

Alibaba shares slump 5% on Beijing's scrutiny of Ant Group

BEIJING: Shares in Alibaba slumped more than five percent on Tuesday following a report that Beijing regulators had...

Published 22 Feb, 2022 10:57am

Technology

Chinese tech giant Tencent opposes US fake goods label

BEIJING: Chinese tech giant Tencent said Friday it strongly disagreed with a US decision to add its WeChat app to a...

Published 21 Feb, 2022 07:25am

Technology

Chinese tech giant Tencent opposes US fake goods label

BEIJING: Chinese tech giant Tencent said Friday it strongly disagreed with a US decision to add its WeChat app to a...

Published 19 Feb, 2022 04:15am

Technology

US adds e-commerce sites operated by Tencent, Alibaba to 'notorious markets' list

E-commerce sites operated by China's Tencent Holdings Ltd and Alibaba Group Holding Ltd were included on the US...

Published 18 Feb, 2022 10:13am

Technology

Microsoft-Activision deal: Key things to know

SAN FRANCISCO: Microsoft on Tuesday unveiled its big-ticket plans to buy US video game powerhouse Activision...

Published 19 Jan, 2022 10:40am

Markets

Hong Kong shares finish lower on tech slide; gambling stocks surge

HONG KONG: Hong Kong shares ended lower on Monday as index heavyweight tech stocks fell, while casino operators...

Published 18 Jan, 2022 04:20am

Markets

HK shares close unchanged

HONG KONG: Hong Kong shares closed flat on Tuesday with gains in Wuxi Biologics and Tencent offset by losses in...

Published 12 Jan, 2022 04:25am

Technology

Tencent's WeChat mini program daily users in China grew 13% to 450mn last year

GUANGZHOU: Tencent Holdings' Weixin, China's dominant messaging app which is known as WeChat outside the country,...

Updated 06 Jan, 2022 11:55am

Technology

China's Tencent told to get state approval for new apps: state media

BEIJING: Gaming and messaging giant Tencent has been told all its new apps and updates must be approved by the...

Published 25 Nov, 2021 10:10am

Technology

Tencent says Beijing likely to support metaverse - as long as it obeys China rules

SHANGHAI: Chinese social media giant Tencent Holdings expects Beijing to allow 'metaverse' virtual environment...

Published 11 Nov, 2021 11:54am

Markets

Hong Kong rallies as Asian markets bounce back from sell-off

The move eased concerns about the end of the ultra-loose monetary policy that has been crucial to a recovery in economies and equities

Published 10 Sep, 2021 09:57am

Markets

Asian markets hit by recovery worries as tech drags Hong Kong

After enjoying a broadly healthy run-up at the start of September, markets were again on the back foot as traders reassess their growth outlook for this year in light of the fast-spreading Delta variant

Published 09 Sep, 2021 10:34am

Markets

Hong Kong shares rise

HONG KONG: Hong Kong shares rebounded on Monday from an almost 10-month low hit last week, helped by gains in...

Published 24 Aug, 2021 05:02am

Technology

China passes tough new online privacy law

Under the new rules passed by China's top legislative body, state-run and private companies handling personal information will be required to reduce data collection and obtain user consent

Updated 20 Aug, 2021 09:35am

Markets

European stocks hit one-week low on virus worries

The pan-European STOXX 600 shed 0.5% by 0710 GMT, falling for a second straight session after the index marked its longest winning streak in over a decade

Published 17 Aug, 2021 12:38pm

Technology

China should remove tax breaks for video gaming industry, says Securities Times

The Securities Times did not cite any companies by name in its report on Thursday

Published 05 Aug, 2021 12:17pm

Technology

Tencent's WeChat resumes new user registrations in mainland China

The company said last month it was upgrading WeChat's security technology to "align with relevant laws and regulations"

Published 05 Aug, 2021 11:53am

Markets

China gaming shares dive after ‘spiritual opium’ warning

BEIJING/SHANGHAI: Shares of Tencent and other major Chinese gaming companies plummeted Tuesday after a state-run...

Published 04 Aug, 2021 04:14am

Markets

Asian markets mixed but traders on edge after China crackdown

Hong Kong sank one percent to extended Monday's drop of more than four percent after investors were spooked by Beijing's latest move to tighten its grip on the economy

Published 27 Jul, 2021 09:31am

Markets

Hong Kong stocks open sharply lower

The Hang Seng Index sank 1.82 percent, or 496.25 points, to 26,825.73

Published 26 Jul, 2021 09:47am

Business & Finance

Chinese antitrust regulator blocks Tencent’s $5.3bn video games merger

HONG KONG: China’s market regulator on Saturday said it would block Tencent Holdings Ltd’s plan to merge the...

Published 11 Jul, 2021 04:09am

Technology

Chinese antitrust regulator blocks Tencent's $5.3bn video games merger

Tencent is Huya's biggest shareholder with 36.9% and also owns over a third of DouYu, with both firms listed in the United States, and worth a combined $5.3 billion in market value.

Published 10 Jul, 2021 05:53pm

Markets

Hong Kong stocks hit 6-month low as techs slump on regulatory worries; China down

Bilibili Inc, Meituan, Baidu Inc and JD.Com Inc retreated between 3.6% and 7.7%

Published 08 Jul, 2021 11:06am

Technology

China's Tencent turns to facial recognition to snag late-night child gamers

China bans people under 18 from playing online games between 10pm and 8am

Published 08 Jul, 2021 09:45am

Markets

Hong Kong stocks fall as techs weigh over Didi app takedown; China mixed

The mixed performance came after major indexes on Friday fell the most in four months amid growth concerns

Published 05 Jul, 2021 10:10am

Gainers
Losers
Leaders

Stock	Price
SME Leasing Ltd / May 17 SME Leasing Limited(SLL)	3.10 ▲ 0.90 (40.91%)
Asim Textile / May 17 Asim Textile Mills Limited(ASTM)	7.19 ▲ 0.86 (13.59%)
Pak Gen.Ins. / May 17 The Pakistan General Insurance Co. Ltd.(PKGI)	9.50 ▲ 0.93 (10.85%)
Invest Bank / May 17 Invest Capital Investment Bank Limited(ICIBL)	1.76 ▲ 0.17 (10.69%)
Land Mark Spinning / May 17 Landmark Spinning Industries Limited(LMSM)	14.36 ▲ 1.00 (7.49%)
Karam Ceramics / May 17 Karam Ceramics Limited(KCL)	55.88 ▲ 3.89 (7.48%)
Shield Corp. / May 17 Shield Corporation Limited(SCL)	309.30 ▲ 21.30 (7.40%)
Thal Ind.Corp. / May 17 Thal Industries Corporation Limited(TICL)	268.99 ▲ 18.49 (7.38%)
Pak Engineering / May 17 Pakistan Engineering Company Limited(PECO)	246.70 ▲ 16.72 (7.27%)
United Insurance / May 17 The United Insurance Company(UNIC)	7.67 ▲ 0.51 (7.12%)

Stock	Price
First IBL Mod. / May 17 First IBL Modaraba(FIBLM)	5.00 ▲ -1.00 (-16.67%)
Reliance Ins. / May 17 Reliance Insurance Company Limited(RICL)	4.65 ▲ -0.85 (-15.45%)
S.G.Power / May 17 S.G. Power Limited(SGPL)	4.30 ▲ -0.58 (-11.89%)
Ghazi Fabrics / May 17 Ghazi Fabrics International Limited(GFIL)	5.22 ▲ -0.63 (-10.77%)
Sakrand Sugar / May 17 Sakrand Sugar Mills Limited(SKRS)	8.15 ▲ -0.83 (-9.24%)
Samin Textile / May 17 Samin Textiles Limited(SMTM)	4.42 ▲ -0.45 (-9.24%)
Sitara Energy / May 17 Sitara Energy Limited(SEL)	11.00 ▲ -1.00 (-8.33%)
Otsuka Pak / May 17 Otsuka Pakistan Limited(OTSU)	247.57 ▲ -20.07 (-7.50%)
Sapphire Textile / May 17 Sapphire Textile Mills Limited(SAPT)	1010.20 ▲ -81.80 (-7.49%)
Gillette Pak / May 17 Gillette Pakistan Limited(GLPL)	117.50 ▲ -9.50 (-7.48%)

Stock	Volume
WorldCall Telecom / May 17 Worldcall Telecom Limited(WTL)	15,047,000 ▼ 0.00
Cnergyico PK / May 17 Cnergyico PK Limited(CNERGY)	13,840,286 ▼ 0.00
Lotte Chemical / May 17 Lotte Chemical Pakistan Limited(LOTCHEM)	9,760,660 ▼ 0.00
Pak Refinery / May 17 Pakistan Refinery Limited(PRL)	7,970,076 ▼ 0.00
Engro Polymer / May 17 Engro Polymer & Chemicals Limited(EPCL)	6,606,902 ▼ 0.00
Treet Corp / May 17 Treet Corporation Limited(TREET)	6,044,000 ▼ 0.00
Ghani Glo Hol / May 17 Ghani Global Holdings Limited(GGL)	4,220,791 ▼ 0.00
Attock Refinery / May 17 Attock Refinery Limited(ATRL)	4,163,541 ▼ 0.00
Telecard Limited / May 17 Telecard Limited(TELE)	3,936,000 ▼ 0.00
Pak Int.Bulk / May 17 Pakistan International Bulk Terminal(PIBTL)	3,349,500 ▼ 0.00

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 17	194.40
USD PKR Interbank Buying / May 17	194.20
USD to Japanese Yen / May 17	129.28
USD to Swiss Franc / May 17	1.00
Pound Sterling to USD / May 17	1.23
Euro to USD / May 17	1.04
UK LIBOR % / May 17	0.83

Stock	Volume
S&P 500 / May 17	4008.01
India Sensex / May 17	52973.84
Tokyo Nikkei / May 17	26665.16
Nasdaq / May 17	11662.79
Hang Seng / May 17	20311.23
FTSE 100 / May 17	7464.80
Dow Jones / May 17	32223.42
Germany DAX 30 / May 17	13964.38
France CAC40 / May 17	6347.77

Item	Value
Crude Oil / May 17	114.40
Karachi Cotton Assoc. / May 17	21180.00
Gold 10 Grams / May 17	111400.00
Gold Spot / May 17	1826.10
Cotton / May 17	151.40

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