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Fly News Breaks for February 25, 2020
TME, PDD, TCOM, JD, TCEHY, BABA, BILI, HUYA
Feb 25, 2020 | 16:19 EDT
Goldman Sachs analyst Piyush Mubayi downgraded Huya (HUYA) to Neutral from Buy as the analyst lowered Q1 and 2020 China internet sector-wide revenue and earnings estimates to factor in the expected impact of the COVID-19 outbreak. Mubayi cut the price target on Huya shares to $22 from $28 given non-GAAP EPADS estimate cuts due to price inflation on esport tournament rights and higher marketing spending. Additionally, Mubayi cut 2020 total Online advertising revenue forecasts for the group by 8%, e-commerce estimates by 14%, O2O estimates by 18%, and raised the view on Live streaming by 3%. The analyst reiterated Buy ratings on Bilibili (BILI), Alibaba (BABA), Tencent (TCEHY), JD.com (JD), Trip.com (TCOM), Pinduoduo (PDD) and Tencent Music (TME).
News For HUYA;BILI;BABA;TCEHY;JD;TCOM;PDD;TME From the Last 2 Days
BILI
Dec 3, 2021 | 11:28 EDT
Paul Singer's Elliott Management disclosed in an SEC filing last month its holdings as of September 30, 2021, shedding light on what the firm has been buying and selling recently as well as on its largest stock bets. Top 5 Holdings:Dell... To see the rest of the story go to thefly.com. See Story Here
TCEHY, BABA
Dec 2, 2021 | 06:33 EST
Competition between China technology rivals like Alibaba (BABA) and Tencent (TCEHY) is set to decrease as Chinese firms work to comply with Beijing's crackdown on alleged monopolistic practices, CNBC's Evelyn Chang reports, citing Lei Maofeng, vice-general manager of Tencent's WeChat Pay. Previously, costumers purchasing products on Alibaba's Taobao app could only pay with AliPay, but MaoFeng said that's about to change. "As for payment, we also hope in the near future, in all places, users can freely choose. It's also a show of fairness," he said. Reference Link