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Tencent reported its third-quarter results after market hours on Wednesday, revealing that it managed to grow revenue by 8% year over year in the period to over 167 billion yuan ($23.1 billion).
Tencent (OTC: TCEHY) Q3 2024 Earnings Call ... Finance costs were 3.5 billion renminbi, up 27% year on year due to exchange loss this quarter compared to gains in the same period last year ...
Hang Seng China 50 Index (Chinese: 恒生神州50指數) is a pan-China stock market index to represent the top 50 China-based companies in the stock exchanges of Hong Kong, Shanghai and Shenzhen, which covers A share (shares circulated in mainland China), H share (shares circulated in Hong Kong from the mainland China incorporated company), red chip (shares circulated in Hong Kong from the ...
Tencent shares plunged by 12% in Hong Kong trading, wiping over $40 billion from the company’s market value. Shares in NetEase, another major game developer, fell by almost 25%.
Ho Sin Hang, chairman of the Hang Seng Bank, conceived the idea of creating the Hang Seng Index as a "Dow Jones Index for Hong Kong". [4] [5] Along with Hang Seng Director Lee Quo-wei, he commissioned Hang Seng's head of Research Stanley Kwan to create the index in 1964, [4] the index was initially used for internal reference in the Hang Seng Bank, they debuted the index on November 24, 1969.
On 15 August 2018, Tencent reported a profit decline in the second quarter of 2018, ending a growth streak of more than a decade, as investment gains slid and the government's scrutiny of the gaming business weighed on the company. [117] Shares of Tencent fell 3% in morning trade in Hong Kong after the rare drop in quarterly profit was reported ...
Hong Kong's stock exchange is getting an index to track the performance of technology companies as their dominance grows in Asia's third-largest capital market following several mega listings in ...
The company also had HK$13.834 billion perpetual capital securities at 31 December 2014. [ 13 ] On 9 January 2017 the consortium of CITIC Limited, private equity funds of CITIC Capital and Carlyle , bought 80% stake of the franchise rights of McDonald's in Hong Kong and mainland China, for a total consideration of up to US$2.08 billion.