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Chinese tech stocks tank over geopolitical risks, Covid lockdowns

Covid-19 lockdowns and China s position on the Ukraine conflict led to tech shares rout on Tuesday, slashing billions of dollars from the likes of Alibaba Group Holding and Tencent Holdings in Hong Kong, media reports said. ....

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Reeling from China's crackdown, Alibaba and Tencent readying big job cuts - sources

Alibaba Group and Tencent Holdings are preparing to cut tens of thousands of jobs combined this year in one of their biggest layoff rounds as the internet firms try to cope with China s sweeping. | March 16, 2022 ....

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Alibaba, Other Tech Stocks Leap After China Pledges Market Stability

Chinese Vice Premier Liu He promised policies that would boost financial markets and spur economic growth. ....

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Tencent Acquires Majority Shareholding Of RiME Developer Tequila Works

"Allows us to make Tequila Works a stronger studio" - Tencent has been consistently making headlines in recent months with. ....

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Rime and The Sexy Brutale studio 'Tequila Works' acquired by Tencent

Tencent has been expanding its roster of studios in recent years, putting significant investments into companies like Dontnod Entertainment, Remedy and others. In its latest move, Tencent has now acquired Spanish studio, Tequila Works. Tequila Works is best known for Rime and The Sexy Brutale, both of which released to high acclaim in 2017. Since … ....

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