Tencent

The company’s shares have lost more than a third of their value since an October high

Moves to drop Chinese clients highlight the rising importance of the Pentagon’s blacklist as a tool in US-China rivalry

Investment in the games sector has dried up after a big expansionary period triggered by the pandemic’s surge in demand

[SYDNEY] China’s Tencent Holdings has drawn more than US$16 billion in orders, around four times the amount it is seeking to raise, for a planned dual-currency bond, updated order book messages review...

This is part of its US$30 billion global medium-term note programme, proceeds will be for general corporate purposes

The figure is up 9% at 196.5 billion yuan, less than the average analyst forecast of 199.4 billion yuan

But partnering local companies carries big risks

The Hy3 represents a big advance in areas from complex reasoning to coding

AI fundraising highlights the intense capital needed to build and run top-tier models