Benoit Berthelot / Bloomberg:
Tencent plans to invest €200M in Ubisoft to increase its stake from 4.5% to 9.99%, alongside a further investment €100M in the company — Tencent Holdings Ltd is set to more than double its stake in Ubisoft Entertainment SA, snapping months of speculation on the future …
Hirun Cryer / GamesRadar:
Ubisoft says it is developing three mobile games for Netflix Games, including a new Assassin’s Creed game — There’s also a new Valiant Hearts game in the works — Ubisoft just announced a partnership with Netflix for three games. — Earlier today on September 10 at the Ubisoft Forward showcase …
Cissy Zhou / Nikkei Asia:
Chinese regulators approve paid games from Tencent and NetEase for the first time since July 2021, as part of granting 73 games licenses — Beijing gives nod to licenses as it gradually loosens crackdown on tech sector — HONG KONG — Tencent Holdings and NetEase, two of China’s biggest …
Jeanny Yu / Bloomberg:
Tencent is no longer China’s most valuable company after its shares dropped 64% since Jan. 2021, wiping $623B in market value, more than any other firm globally — Tencent Holdings Ltd. has lost its title as China’s biggest company to liquor giant Kweichow Moutai Co., the latest sign …
Josh Ye / Reuters:
Tencent reports Q3 revenue down 2% YoY to ~$19.8B, below ~$20B estimates, and plans to distribute most of its ~$20B Meituan stake to shareholders as a dividend — Tencent Holdings (0700.HK) on Wednesday said it would distribute most of its stake worth $20.3 billion in food delivery firm Meituan …
Bloomberg:
Anxious about regulators, Naspers, SoftBank, Berkshire, and other early investors in Chinese tech giants are selling; $7.6B in Tencent shares could be sold — For early backers, they’ve been some of the most profitable Chinese stock investments of all time: Tencent Holdings Ltd., Alibaba Group Holding Ltd. and BYD Co.
Callan Quinn / The Block:
Binance shares addresses for its wallets and details its holdings: 475K BTC, 4.8M ETH, 17.6B USDT, 21.7B BUSD, 601M USDC, 58M BNB, and a $1B SAFU fund — – Binance has released the addresses of its hot and cold wallets. — It provided a snapshot of its current holdings.
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