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Tencent Back Kuaishou's Kling AI in $2.8 Billion Fundraise","url":"https://stock-news.laohu8.com/highlight/detail?id=2648657975","media":"Reuters","labels":["corporation","event"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2648657975?lang=en_us&edition=fundamental","pubTime":"2026-07-03 17:17","pubTimestamp":1783070251,"startTime":"0","endTime":"0","summary":"UPDATE 1-Alibaba, Tencent back Kuaishou's Kling AI in $2.8 billion fundraiseKuaishou stake in Kling AI dilutes to about 68%Funding capped at 20.45 billion yuanKuaishou shares end flat on Friday after 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Files HKEX Next-day Disclosure Return on Share Repurchase for Cancellation","url":"https://stock-news.laohu8.com/highlight/detail?id=2648505303","media":"Reuters","labels":["shareholding"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2648505303?lang=en_us&edition=fundamental","pubTime":"2026-07-02 17:26","pubTimestamp":1782984376,"startTime":"0","endTime":"0","summary":"Tencent files HKEX next-day disclosure return on share repurchase for cancellationTencent repurchased 1,146,000 ordinary shares on July 2 for cancellation.Buyback executed on HKEX at HKD 429.6 to HKD 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Higher Game License Approval Reinforces Bullish Thesis for Sector","url":"https://stock-news.laohu8.com/highlight/detail?id=2648654579","media":"Dow Jones","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2648654579?lang=en_us&edition=fundamental","pubTime":"2026-07-02 12:53","pubTimestamp":1782967980,"startTime":"0","endTime":"0","summary":"0453 GMT - An increase in game license approvals by China in 2Q reinforces Morningstar's positive thesis on the country's gaming sector. China's National Press and Publication Administration issued 483 game licenses in the second quarter, up 13% on year. Senior equity analyst Ivan Su notes that with approvals normalized, regulatory supply is no longer a major swing factor for developers' earnings. He expects competition in the extraction shooter genre to intensify through 2026-2027. Morningstar maintains fair value estimates for gaming majors Tencent, NetEase and Bilibili, noting all three remain undervalued. Tencent remains its top pick as AI is unlikely to disrupt its network-effect advantage. Tencent last traded at HK$438.40.  Dow Jones NewswiresJuly 02, 2026 00:53 ET Copyright  2026 Dow Jones & Company, 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Application Stocks Surge, Low-Positioned Hong Kong Internet ETF Gains Over 4% as Kuaishou's Kling AI Nears $30 Billion Funding and Meituan Launches Open-Source Model","url":"https://stock-news.laohu8.com/highlight/detail?id=1184680094","media":"Deep News","labels":["corporation"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/1184680094?lang=en_us&edition=fundamental","pubTime":"2026-07-02 10:24","pubTimestamp":1782959063,"startTime":"0","endTime":"0","summary":"On July 2nd, leading Hong Kong-listed internet stocks experienced a long-awaited rally. At the time of writing, Meituan-W (03690) surged over 7%, while Kuaishou-W (01024) rose more than 6%. 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Tencent Holdings (SEHK:700)'s DRAM Supply Deal and AI IPO Moves Mean For Shareholders","url":"https://stock-news.laohu8.com/highlight/detail?id=2648838526","media":"Simply Wall St.","labels":["corporation"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2648838526?lang=en_us&edition=fundamental","pubTime":"2026-07-02 01:36","pubTimestamp":1782927389,"startTime":"0","endTime":"0","summary":"In recent days, Tencent-backed Momenta Global launched a Hong Kong IPO to raise up to US$751 million for AI-focused R&D, while Tencent itself agreed a multi-year DRAM chip supply deal with ChangXin Memory Technologies and expanded Weixin Pay’s reach through a Memorandum of Understanding with New Zealand tourism operator RealNZ.\nThese moves highlight how Tencent is working to secure critical chip supply for its cloud and AI infrastructure while using payments partnerships to deepen the 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