Tencent Music


Tencent Music, GSX, Vipshop launch buybacks to counter Archegos sales

Tencent Music, GSX and Vipshop launch buybacks to counter Archegos sales

(ATF) Tencent Music and Vipshop have launched share buybacks, while GSX Techedu chairman and CEO Larry Xiangdong Chen said he would use his own money to buy up to $50 million of its shares, as US-listed Chinese firms tried to counter the effect of over $20 billion of block sales …

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Prime brokerage cuts could lead to further volatility in Chinese shares

Prime brokerage cuts could lead to further volatility in US-listed Chinese stocks

(ATF) Credit Suisse and Nomura saw their shares slump on Monday March 29, as they disclosed likely losses from exposure to Archegos Capital. If they and other banks cut back exposure to funds via their prime broking divisions there could be further forced sales of widely traded stocks.Credit Suisse shares …

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Crunch week looms for US-listed shares of Baidu and Tencent Music

Crunch week looms for US-listed shares of Baidu and Tencent Music

(ATF) Forced block trading sales of around $20 billion of shares including Baidu and Tencent Music have set the scene for volatility this week and a test of whether Asian-listed shares in Chinese firms can recover from slumps in their US-listed stocks. A series of huge block trades in New …

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