China's tech stocks have fallen since last year on the back of regulatory crackdowns in China as well as U.S.-China tensions, among other factors.
explicitly encouraging listed companies to conduct share buybacks," analysts from the investment bank said. "The market definitely expected Tencent to announce a buyback. I think this was mainly because Alibaba had and the positive price reaction to it," said"[Tencent] did note their own stock price has dropped significantly too – which may be a sign that they would consider a buyback, so I don't think that possibility should be ruled out in its entirety," he added.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
First Mover Asia: Tailwinds for South Korea's Crypto Industry; Bitcoin, Ether PlungeThe report earlier this week of SK Group's $1.6 billion investment over the next three years on semiconductors and blockchain follows a presidential campaign that made crypto-friendly policies an important issue; major altcoins also decline. JPRubin23 Thank me later JPRubin23 X-Metaverse is a 3D Star Wars game based on NFT+ blockchain exploration, mining,trading and battle. It allows players to collect,mine,breed,synthesize,battle, and trade token-based astronauts and battleships,called X-Metaverse.XMetaverse_ also has its own twitter Account. JPRubin23 Hello everyone join us in this upcoming project that has a high chance of generating more profits if you join early check their twitter at XMetaverse_ then you can check us out yourselves and Im sure you'll find us worthy of your investment.
Source: CoinDesk - 🏆 291. / 63 Read more »