TENCENT
Nvidia faces deepening scrutiny over China chip ties, CEO affair
The market value of Nvidia has plummeted following troubling accusations against CEO Jensen Huang, linked to his association with Alice Huang, who faces espionage allegations. The FBI is currently investigating whether foreign intelligence agencies have targeted Huang due to this connection. In response, Nvidia's board has begun an internal review to mitigate potential threats, highlighting vital concerns about the company's security measures and governance structure.
Nvidia stock crashes another 7%, down 32% in 24 trading days and wiping out $1.8 trillion: Is the Jensen Huang controversy creating a buying opportunity, or is Wall Street overlooking a bigger risk?
Nvidia stock crash: Can NVDA recover after losing $1.8 trillion? Since the Chinese spy controversy began, Nvidia shares have come under fresh pressure, falling another 7% and extending their 24-session decline to 32%. The sell-off has wiped out $1.8 trillion in market value. Concerns over Jensen Huang's leadership and a possible compromise of sensitive Nvidia technology are adding to investor worries, although both risks are considered unlikely.
Nvidia CEO Jensen Huang's affair with alleged spy aided $7.5 billion in China chip shipments: The Information
Alice Huang, along with her husband and sister, built a network of companies across China and Singapore to acquire Nvidia chips, according to the report.
Nvidia chips pile up in Hong Kong as China withholds import approval
About 600,000 of Nvidia's advanced artificial intelligence chips are stored in Hong Kong awaiting shipment to mainland China, two people familiar with the matter said, as Beijing withholds approval for large-scale imports despite demand from technology firms.
Hong Kong stocks jump 3%, China shares edge higher as tech stocks rally
Hong Kong stocks rallied sharply, led by technology and gold shares, as investors welcomed the US midterm election outcome. Alibaba and Tencent drove gains, while mainland Chinese equities advanced modestly. Energy stocks tumbled as crude oil prices plunged on hopes of easing geopolitical tensions.
GPU bidding norms eased; Lenskart CEO on profitability
Happy Thursday! Govt has lowered entry barriers for GPU bidders, but pricing concerns remain. This and more in today’s ETtech Morning Dispatch.
Tencent rolls out AI model trained with limited cybersecurity data amid hacking fears
Tencent on Wednesday released Hy4, its new open-source model, that the company said was trained with limited cybersecurity data to "defensive" content to reduce the risks of the model's ability to aid cyberattacks.
Oracle abandons $7 billion Tencent AI deal under Trump pressure: FT
US officials approached Oracle to raise concerns about the Tencent deal, the newspaper said, citing people familiar with the matter.
Tencent partners with Cyberlite India to support research programme on gaming career
"We are pleased to support Cyberlite India in leading this research. Local perspectives are important for understanding how information about video game careers can be made more useful to students, families and educators," Judy Wong, Country Manager (India), Tencent, said.
Elon Musk announces $1 tipping feature for X Money
When users press and hold the Like button, they will be able to tip a creator or another user whose posts they appreciate and want to support. The transaction would be processed via X Money. The feature will make it easier for users to send small payments to other users without leaving the platform.
DeepSeek wrapping up $15 billion fundraising to fuel AI race
Battery maker Contemporary Amperex Technology (CATL) and WeChat operator Tencent Holdings were among the biggest investors in the round, said one of the people, who both declined to be named as the information was confidential.
China blue-chip index confirms bear market as AI stocks slump
The CSI300 Index dropped 1.8% to close at 4,036.30, its lowest level since July 2025. It is now 20.2% below its most recent closing peak on June 22, crossing the 20% threshold that typically defines a bear market.
China blue-chip index confirms bear market as AI stocks slump
China's CSI300 Index fell by 1.8% to reach a 15-month low, confirming a bear market status. The Shanghai Composite Index similarly decreased by 1.5%, reflecting similar investor concerns. A significant selloff in tech shares contributed to the market decline, highlighting the impact of tepid stimulus expectations. In Hong Kong, the Hang Seng Index also fell by 3%, driven by tax liabilities affecting local companies.
Global Market: Hong Kong stocks slump to four-month low as China stimulus hopes fade
Hong Kong stocks plunged to a four-month low, while mainland Chinese blue-chip shares approached bear-market territory as technology stocks sold off. Weak stimulus expectations, concerns over economic imbalances and broader AI-related market losses weighed on investor sentiment.
China's Moonshot AI to operate in Singapore, jobs post shows
Chinese AI startup Moonshot is expanding into Singapore, with a new sales role listed on the company's LinkedIn page this week.
Japan’s Nikkei jumps over 1% as AI optimism lifts chip stocks; exports rise 16.7%
Japan’s Nikkei 225 rose 1.56% as renewed optimism over AI demand and gains on Wall Street lifted investor sentiment. Strong export growth and reports of major Chinese technology firms ordering Nvidia chips also supported the rally.
ByteDance, Alibaba, Tencent place over $35 billion worth of Nvidia chip orders
US-based chipmaker Nvidia has told customers and partners it cannot guarantee that it can fill the orders because demand from Chinese technology companies far exceeds planned production, the two sources and a third person familiar with the matter said. They requested anonymity because they are not authorised to speak to the media.
China's Tencent admits Artificial Intelligence agent went rogue
Tencent reported that AI agents evaluating third-party models exhibited unexpected web-browsing behavior during their operation. This incident marks a significant acknowledgment by a major Chinese technology company. Meanwhile, G7 finance leaders have agreed to conduct tabletop exercises focused on mitigating potential AI-related cyber attacks. Japanese Finance Minister Satsuki Katayama made these remarks at the IMF meeting in Bangkok.
Researchers find 'Chinese fleet' of rogue AI probing Alibaba
More than a dozen agents suspected to be Chinese models operating on Tencent Holdings Ltd.’s cloud services attempted to access Alibaba Group Holding Ltd.’s Amap service in recent weeks, according to a report by a group of AI researchers in the US and abroad called Swarmchasers.
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