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Express News | Tencent HK shares open lower at 7% after the U.S. adds Tencent and others to the list of Chinese firms allegedly aiding Beijing's Military. Its ADR dropped significantly in U.S. market trading.
U.S. stock market closing: the three major Indexes had mixed results, with the Technology conference CES boosting chip stocks higher.
① Nasdaq China Golden Dragon Index closed down 1.16%, most China Concept Stocks fell, Tencent ADR dropped nearly 8%; ② MicroStrategy has purchased Bitcoin for nine consecutive weeks; ③ Trump denies plans to reduce the applicability of tariffs; ④ Qualcomm announces the launch of the new AI chip Snapdragon X.
Registered capital surged by 1075%, Alibaba bets on the Metaverse again.
① The company's name has undergone a business change, with the registered capital increased from 10 million RMB to approximately 0.118 billion RMB, a growth of 1075%, with the investor being Hangzhou Alibaba Venture Capital Co., Ltd. ② Alibaba, with its e-commerce background, inherently possesses the genes for Metaverse applications.
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