Tencent Music announced a $1 billion share buyback after its shares were among the Chinese tech stocks hit in the fallout from the liquidation of massive positions held by hedge fund Archegos Capital, Bloomberg reported. Other shares included Vipshop, Chinese video streaming service iQiyi and online education app GSX Techedum. Tencent Music pared its losses after the buyback announcement....
Markets
Tencent Music Announces $1 Billion Buyback as Archegos Capital Fallout Hits Asian Tech Stocks
Read this briefing for free.
Get access to exclusive coverage
Read deeply reported stories from the largest newsroom in tech.
Latest Articles
The Weekend
Crypto
Policy
The Information Weekend Does Wyoming, Featuring the Tech Transplant’s Guide to Cowboy Living, an Intro to Crypto’s Favorite Senator, and a Glimpse of the Great DAO Land Grab
Hi, welcome to your Weekend: Special Wyoming Edition!Why devote a whole issue to Wyoming, you ask? Because the smallest state in the union has been been playing an outsized role in tech lately, writing laws that encourage the growth of cryptocurrencies, DAOs, and other instruments that are at the forefront of Silicon Valley innovation right now. Forget Miami and Austin; crypto companies like...
Latest Briefs
States Appeal Loss of Antitrust Case Against Facebook
Netflix Raises Prices in U.S., Canada
Startup Orca Security Finds Critical Flaws in AWS Cloud Services
Stay in the know
Receive a summary of the day's top tech news—distilled into one email.
Access on the go
View stories on our mobile app and tune into our weekly podcast.
Join live video Q&A’s
Deep-dive into topics like startups and autonomous vehicles with our top reporters and other executives.
Enjoy a clutter-free experience
Read without any banner ads.
Recent Popular Stories
Relocation Kit
Travel
Real Estate
So You’re Moving to Wyoming—Here’s Your Tech-Scene Starter Kit
Exclusive
Crypto
Venture Capital
Crypto Talent Wars Fuel Sweeter Salaries, Better Perks for Employees
