Vipshop


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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Tech giants’ shares tumble after block trades worth over $18bn 

Tech giants’ shares tumble after block trades worth over $18bn 

Billions of dollars worth of shares in Chinese tech giants Baidu and Tencent were unloaded on Friday sparked by, it’s claimed, the liquidation of positions by Archegos Capital Management.CNBC reported that the source of the selling pressure was investment firm Archegos – founded by Bill Hwang, who also founded and …

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China monopoly guidelines keep pressure on Alibaba, Tencent

China monopoly guidelines keep pressure on Alibaba, Tencent

(ATF) China’s market regulators released new anti-monopoly guidelines on Sunday February 7 that target internet platforms, tightening restrictions faced by the country’s tech giants such as Alibaba and Tencent.They also hit online discount retailer Vipshop Holdings Ltd with a 3-million-yuan ($464,000) fine – the biggest to date in a recent …

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