Tencent Raises Nearly $5.7 billion in Dual-Currency Bond
Tencent Holdings raised approximately $5.7 billion through a dual-currency bond. Tencent plans to use the proceeds for general corporate purposes, according to the deal term sheet, which also indicates proposed maturities of 10 and 20 years for the dollar market and 10 and 30 years for the yuan and dim
WeChat and TikTok Got Licensed Under New Law in Malaysia
In the latest events, Malaysia’s communication regulator mentioned that it had approved Tencent’s WeChat and ByteDance’s TikTok licences under the new law. According to the Malaysian Authorities, the new law is poised to curb the increasing cybercrime and get a strong grip on crimes like online gambling, scams, child pornography
Tough Time For China’s Tech Leaders- Alibaba and Tencent
China’s leading firms, Alibaba Group Holding Ltd. and Tencent Holdings Ltd., have reported lacklustre financial results for the latest quarters, reflecting the mounting economic and geopolitical challenges weighing on the industry. The disappointing numbers underscore these economies’ hurdles as they navigate slowing domestic growth and strained international relations. Tencent, known
