Exclusive: Tencent plans to divest Meituan stake worth $24 billion

Exclusive: Tencent plans to divest Meituan stake worth  billion

Tencent seeks to kick off Meituan stake sale this year-sources Sale seeks to placate regulators, monetise 8-year-old bet-sources Stake sale likely to be done as a block trade – sources Move comes after Tencent’s divestments of JD.com, SEA stakes Meituan shares sink 10%; Tencent shares recover HONG KONG, Aug 16 (Reuters) – China’s Tencent Holdings … Read more

Cryptoverse: Electric ether leaps on verge of Merge

Cryptoverse: Electric ether leaps on verge of Merge

Representations of cryptocurrency Bitcoin, Ethereum and Dash plunge into water in this illustration taken, May 23, 2022. REUTERS/Dado Ruvic/Illustration Register now for FREE unlimited access to Reuters.com Register Aug 16 (Reuters) – It looks like ethereum’s mega-upgrade is happening. Finally. After years of delays, the “Merge” seems all but certain to take place in September, … Read more

Tencent Music’s revenue beats view as more Chinese users pay for songs

Tencent Music’s revenue beats view as more Chinese users pay for songs

The logo of China’s Tencent Music Entertainment Group is seen next to an earphone in this illustration picture taken March 22, 2021. REUTERS/Florence Lo/Illustration Register now for FREE unlimited access to Reuters.com Register Aug 16 (Reuters) – China’s Tencent Music Entertainment Group (TME.N) bettered quarterly revenue estimates on Monday as a slate of original content … Read more

Toronto really needs to upgrade its tech — and it’s bad at doing that

Toronto really needs to upgrade its tech — and it’s bad at doing that

The big number 231 The number of active businesses registered to lobby at Toronto city hall this month on subjects related to technology. Toronto city hall is experiencing some technical difficulties. The last few years have seen a relentless volley of high-pressure lobbying from tech companies targeting Mayor John Tory, council members, and senior Toronto … Read more

Michael Burry dumps stock portfolio after market crash warnings

Michael Burry dumps stock portfolio after market crash warnings

Michael Burry’s Scion Capital Management dumped his entire stock portfolio in the second quarter as the “Big Short” hedge fund legend stepped up his warnings about a looming stock market crash, a filing showed on Monday. Scion sold off its long positions on 11 companies during the second quarter, including bullish bets on Google parent … Read more

NYSE delistings signal Beijing may be willing to compromise on U.S. audit dispute -analysts

NYSE delistings signal Beijing may be willing to compromise on U.S. audit dispute -analysts

A trader enters the floor of the New York Stock Exchange (NYSE) in New York City, U.S. June 14, 2022. REUTERS/Brendan McDermid Register now for FREE unlimited access to Reuters.com Register HONG KONG, Aug 15 (Reuters) – The move to delist five Chinese state-owned enterprises (SOEs) from the New York Stock Exchange (NYSE) signals Beijing … Read more

Are Teslas About to Get Cheaper Under Radical New Federal Tax Rules? – CNET

Are Teslas About to Get Cheaper Under Radical New Federal Tax Rules? – CNET

Are Teslas About to Get Cheaper Under Radical New Federal Tax Rules?  CNET For Electric Vehicle Makers, Winners and Losers in Climate Bill  The New York Times These 14 electric vehicles may get a tax break under the climate bill  Business Insider New Electric Car Tax Credits Are About to Radically Change Buying EVs  CNET This Ford Electric SUV … Read more

You’ll Almost Have to Buy an Electric Vehicle if Climate Bill Passes

You’ll Almost Have to Buy an Electric Vehicle if Climate Bill Passes

The attractions of electric vehicles have been magnetic in 2022. Soaring gas prices, inflation not seen in four decades and a push for cleaner, environmentally friendly technology have all combined to make EVs more appealing than ever to consumers. Now, there is legislation headed toward the home stretch that will give EVs not only new … Read more