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TechnologyNFT enthusiasts hold firm despite crypto price plunge Elizabeth Howcroft 1/4 Humanoid robot Sophia, developed by Hanson Robotics, is seen through a plastic plate with paint on it during a demonstration before auctioning her own non-fungible token (NFT) artwork, in Hong Kong, China March 16, 2021. REUTERS/Tyrone Siu/File Photo Read More This week s cryptocurrency price plunge eroded the dollar-based value of NFTs and raised the cost of buying and selling them, in what could be a setback for the burgeoning digital asset market. But NFT collectors are not bailing out. Non-fungible tokens - a way of trading digital assets by recording their ownership status on blockchain - exploded in popularity in February and March this year, notching up hundreds of millions of dollars in sales. read more ....
TechnologyTencent Music says facing increased China scrutiny, is committed to laws Reuters 3 minute read The logo of China s Tencent Music Entertainment Group is seen next to an earphone in this illustration picture taken March 22, 2021. REUTERS/Florence Lo/Illustration Tencent Music Entertainment Group (TME.N) confirmed on Tuesday it is facing heightened scrutiny from Chinese regulators, adding it was âactively co-operatingâ with them and is committed to complying with all laws âincluding those related to anti-trustâ. This is the first time the Tencent group has publicly commented on the matter. Reuters reported last month that Tencent Holdings (0700.HK), which controls music streaming company Tencent Music, was told by Chinese anti-trust regulators to pay a fine, give up exclusive music rights and sell some of its music assets. Tencent did not comment then. ....
TechnologyTencent raises $4.2 bln in its second major bond deal in a year Scott MurdochAndrew Galbraith 3 minutes read A Tencent logo is seen at its booth at the 2020 China International Fair for Trade in Services (CIFTIS) in Beijing, China September 4, 2020. REUTERS/Tingshu Wang/File Photo Tencent Holdings Ltd (0700.HK) raised $4.15 billion on Friday in its second major bond deal in less than a year as global investors were enticed by its attractive pricing and overlooked a regulatory crackdown on China s tech giants. Asia s most valuable company said in a statement it raised $500 million in a 10-year tranche, $900 million in 20-year debt, $1.75 billion in 30 year and $1 billion in 40-year debt. ....