On October 24, news emerged that China Mobile, a multimedia service provider through its nationwide mobile telecommunications network, might take a stake in Chinese tech giant Tencent, which was subsequently denied by Tencent.
Chinese conglomerate Fosun International Limited has stated that it officially notified Moody's on October 12 of its decision to terminate business engagement with the rating service, ceasing to provide relevant information on the firm effective from that day.
On October 12, Tencent’s share price fell below HK$250, hitting a new low since November 2018. It fell more than 60% from its historical high at the beginning of 2021 and now only has a market value of only HK$2.43 trillion.
The board of directors of French game company Ubisoft on September 6 authorized Chinese tech and gaming giant Tencent to increase its direct shareholding ratio from 4.5% to 9.99%.
Neil Shen, the Founding and Managing Partner of Sequoia China, has recently sold more Meituan shares, after previously reducing his holdings by 21.07 million shares and cashing out HK$3.9 billion ($496.86 million) in early July.
Ganfeng Lithium announced on July 3 that the company had received a Notice of Case Filing from the China Securities Regulatory Commission (CSRC) for suspected insider trading of an A-share listed company's shares in the secondary market.
Amazon Inc. has purchased 1,000 autonomous driving systems from self-driving truck technology startup Plus, the Chinese firm said in a regulatory filing, according to a report by Bloomberg.