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Tencent tries to recover from $200bn antitrust slide

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Setting out to prove itâs best placed to weather a storm of antitrust scrutiny.
By Bloomberg News
20 May 2021
09:40
Image: Qilai Shen/Bloomberg
Tencent is setting out to prove itâs best placed to weather a storm of antitrust scrutiny thatâs wiped about $200 billion off the value of Chinaâs largest company in a span of months.
Its results on Thursday should affirm the resilience of the worldâs largest game-publishing business as the pandemic recedes, now buttressed by growth in newer arenas such as fintech and the cloud. Yet itâs struggled to claw back the market capitalization itâs shed since its January peak, right around the time Beijing began a clampdown on Jack Maâs Alibaba Group Holding Ltd. and Ant Group Co. before moving on to rising star Meituan. ....

Hong Kong , Martin Lau , Julia Pan , Ross Liang , Ant Group Co , Bytedance Ltd , Tencent Music Entertainment Group , Walt Disney Co , Huawei Technologies Co , Jack Ma Alibaba Group Holding Ltd , Alibaba Group Holding , Ant Group , Tiktok Owner Bytedance , President Martin Lau , One Piece , Lilith Games , Niko Partners , ஹாங் காங் , மார்டின் லாவ் , ஜூலியா பான் , ரோஸ் லியாங் , எறும்பு குழு இணை , வால்ட் டிஸ்னி இணை , ஹூவாய் தொழில்நுட்பங்கள் இணை , பலா மா அலிபாபா குழு வைத்திருத்தல் லிமிடெட் , அலிபாபா குழு வைத்திருத்தல் ,

Tencent Tries to Bounce Back From $200 Billion Antitrust Slide

May 21 2021, 4:20 AM
May 19 2021, 9:30 PM
May 21 2021, 4:20 AM
(Bloomberg) Tencent Holdings Ltd. is setting out to prove itâs best placed to weather a storm of antitrust scrutiny thatâs wiped about $200 billion off the value of Chinaâs largest company in a span of months.
(Bloomberg) Tencent Holdings Ltd. is setting out to prove itâs best placed to weather a storm of antitrust scrutiny thatâs wiped about $200 billion off the value of Chinaâs largest company in a span of months.
Its results on Thursday should affirm the resilience of the worldâs largest game-publishing business as the pandemic recedes, now buttressed by growth in newer arenas such as fintech and the cloud. Yet itâs struggled to claw back the market capitalization itâs shed since its January peak, right around the time Beijing began a clampdown on Jack Maâs Alibaba Group Holding Ltd. and Ant Group Co. before moving on to rising star Meituan. ....

Hong Kong , Martin Lau , Julia Pan , Ross Liang , Ant Group Co , Bytedance Ltd , Bloomberg Tencent Holdings Ltd , Tencent Music Entertainment Group , Walt Disney Co , Huawei Technologies Co , Jack Ma Alibaba Group Holding Ltd , Alibaba Group Holding , Ant Group , Tiktok Owner Bytedance , President Martin Lau , One Piece , Lilith Games , Niko Partners , ஹாங் காங் , மார்டின் லாவ் , ஜூலியா பான் , ரோஸ் லியாங் , எறும்பு குழு இணை , வால்ட் டிஸ்னி இணை , ஹூவாய் தொழில்நுட்பங்கள் இணை , பலா மா அலிபாபா குழு வைத்திருத்தல் லிமிடெட் ,

ByteDance Eyes a New $185 Billion Business Ahead of Meg...

The 38-year-old AI coding genius, searching for ByteDance’s next big act, has set his sights on China’s $1.7 trillion e-commerce arena. The co-founder has hired thousands of staff and roped in big-name sponsors like Xiaomi Corp. impresario Lei Jun to drive what he calls his next “major breakthrough” into global business selling stuff to consumers via its addictive short videos and livestreams. That endeavor will test not just Zhang’s magic touch with app creation and ByteDance’s AI wizardry, but also investor reception ahead of one of the tech world’s most hotly anticipated IPOs.
His startup is already starting to make waves in an industry long controlled by Jack Ma’s Alibaba Group Holding Ltd. and JD.com Inc. It sold about $26 billion worth of make-up, clothing and other merchandise in 2020, achieving in its maiden year what Alibaba’s Taobao took six years to accomplish. It’s shooting for more than $185 billion by 2022. Douyin, TikTok’s Chinese twin, ....

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ByteDance looks at China's $ 1.7 trillion e-commerce sector Business and Economy News

Zhang Yiming-ek ByteDance Ltd. it was built by the world’s most valuable private company through a chain of blockbuster apps like TikTok, which challenged Facebook and other actors on their field. His ultimate goal: Alibaba.
The 38-year-old AI coding genius, looking for ByteDance’s next big action, has put his focus on China’s $ 1.7 trillion in e-commerce. The co-founder has hired thousands of employees and Xiaomi Corp. he has roped in among the company’s big sponsors like entrepreneur Lei Jun in what he calls his next “major breakthrough” to focus on global business – selling things to consumers through his short videos and addictive fun. This effort will test not only Zhang’s magical touch, but also its application creation and ByteDance’s AI witchcraft, as well as one of the world’s most anticipated IPOs for reception technology. ....

Hong Kong , Zhou Huang , Lei Jun , Bob Kang , Luo Yonghao , Jack Ma , Michael Norris , Shawn Yang , Tencent Wechat , Alibaba Taobao , Baidu Inc , Shopify Inc , Xiaomi Corp , Home Shopping Network , Pinduoduo Inc , Zhang Bytedance Ltd , Kuaishou Technology , Apple Inc , Jack Ma Alibaba Group Holding Ltd , Walmart Inc , Tencent Holdings Ltd , Zhang Yiming Ek Bytedance , Alibaba Group Holding , Blue Lotus Capital , Home Shopping , Taobao Live ,

ByteDance hires thousands of staff to challenge e-commerce giant Alibaba

ByteDance hires staff in thousands to challenge e-commerce giant Alibaba
The company sold about $26 billion worth of make-up, clothing and other merchandise in 2020
Zhang Yiming built ByteDance Ltdas world’s most valuable private company via a string of blockbuster apps like TikTok that challenged Facebook and other incumbents on their own turf. His latest target now is Alibaba.
The 38-year-old AI coding genius, searching for ByteDance’s next big act, has set his sights on China’s $1.7 trillion e-commerce arena. The co-founder has hired thousands of staff and roped in big-name sponsors like Xiaomi Corp. impresario Lei Jun to drive what he calls his next “major breakthrough” into global business selling stuff to consumers via its addictive short videos and livestreams. That endeavour will test not just Zhang’s magic touch with app creation and ByteDance’s AI wizardry, but also investor reception ahead of one of the tech world’s most hotly anticipated I ....

Hong Kong , Zhou Huang , Lei Jun , Bob Kang , Luo Yonghao , Jack Ma , Bytedance Ltdas , Michael Norris , Shawn Yang , Tencent Wechat , Alibaba Taobao , Zhang Yiming , Baidu Inc , Shopify Inc , Xiaomi Corp , Home Shopping Network , Pinduoduo Inc , Apple Inc , Jack Ma Alibaba Group Holding Ltd , Walmart Inc , Tencent Holdings Ltd , Alibaba Group Holding , Blue Lotus Capital , Home Shopping , South Asian , Tencent Holdings ,