Nvidia (NVDA) and Advanced Micro Devices (AMD) could face increasing competition in China as businesses plan to allocate a larger share of their artificial inte

Tencent ​Mobility, a ‌unit of ​Tencent ​Holdings , is seeking ⁠to ​raise up ​to $1.55 billion by selling ​shares ​in Chinese short-video ‌company ⁠Kuaishou Technology , according ​to ​term ⁠sheet seen ​by ​Reuters ⁠on Monday.

The global smart glasses category surged, with Meta controlling nearly 70% of market share. More than half of Even Realities' user base is located in the United States, while approximately 80% of its developer community is U.S.-based.

Meta and Snap rolled out new smart glasses last month, the latest sign that the industry is racing to put a camera and an AI assistant onto users' faces. As the fast-growing market heats up, upstarts like Even Realities are muscling in on the giants.

China's Kuaishou Technology said on Thursday a group of investors including Alibaba and Tencent will inject over 19 billion yuan ($2.80 billion) ​in Kling AI, while valuing the popular AI video arm ​at $15 billion on a pre-money basis.

Kuaishou raises 19 billion yuan ($2.79 billion) for its Kling AI subsidiary, which targets creators with AI-driven services. The company was reportedly targeting a valuation of $15 billion from the raise, which drew $200 million from Tencent.

Prosus is reiterated as a Strong Buy, leveraging Tencent dividends to build global growth engines and maintaining a significant holding company discount. FY26 saw 12% revenue growth, ecosystem aEBITDA up 44%, and free cash flow exceeding $1.5 billion, with profitability across all three regional ecosystems. A new $5 billion buyback program, ongoing non-core divestments, and strategic investments in iFood and JET underscore capital allocation discipline.

Tencent Holdings Limited (TCEHY) is deeply undervalued and presents a compelling long-term 'Buy' opportunity. TCEHY reported robust Q1/26 results: revenue up 9.1% YoY, operating profit up 17%, and EPS up 22.9%. Despite near-term AI losses, Tencent's diversified growth drivers and economic moat support sustained high single-digit or better growth.

SHENZHEN, China, June 30, 2026 /PRNewswire/ -- Tencent Music Entertainment Group ("TME," or the "Company") (NYSE: TME and HKEX: 1698), the leading online music and audio entertainment platform in China, today announced that its annual general meeting (the "AGM") was held in Hong Kong on June 30, 2026 and all the proposed resolutions set out in the notice of the AGM dated May 20, 2026 were duly passed at the AGM. About Tencent Music Entertainment Tencent Music Entertainment Group (NYSE: TME and HKEX: 1698) is the leading online music and audio entertainment platform in China, operating the country's highly popular and innovative music apps: QQ Music, Kugou Music, Kuwo Music and WeSing.

Chinese memory chipmaker ChangXin Memory Technologies (CXMT) has signed a long-term supply agreement with Tencent Holdings worth ​more than 20 billion yuan ($2.94 billion) ahead of its blockbuster stock market debut, according to three people with knowledge of the matter.