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TRENDING Make 2021 Your Most Profitable Year Yet ![]()
The best stocks of 2020 all had one thing in common: Each is transforming its industry and changing the way we do business - or live our lives. This monumental shift is just getting started! And it's giving OTHER companies all the runway they need to break out in 2021. Get a full report from The Data Driven Investor - our #1 stock-picker! |
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Tech Tencent Music choosing banks for $5B Hong Kong IPO within year Tencent Music Entertainment (NYSE:TME) - the online music arm of China's Tencent Holdings (OTCPK:TCEHY) - has reportedly selected banks to help lead a planned listing in Hong Kong for up to $5B, to come within the year. JPMorgan Chase (NYSE:JPM) and Morgan Stanley (NYSE:MS) have been chosen to lead the offering, and more banks could join, according to media reports. Tencent Music raised $1.1B in its U.S. IPO in late 2018, and has nearly doubled its value since - but a Hong Kong listing would take advantage of a hot capital market.
Google makes publisher peace in Australia Google (GOOG, GOOGL) has negotiated deals with seven Australian publishers and launched a news platform in the region featuring content the tech giant paid to use. The platform is an expansion of Google's News Showcase, which launched in Brazil and Germany last year An Australian News Showcase launch had been planned for last June, but Google halted the release when Australian legislators moved to make it a legal requirement for tech firms to pay publishers for content. With the News Showcase launch, Google is hoping to show that legislation isn't needed to strike deals. (5 comments) |
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What else is happening... Teradata (NYSE:TDC) shares soar after cloud focus drives Q4 beats, upside profit view. |
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Thursday's Key Earnings GoPro (NASDAQ:GPRO) -11% AH after revenue falls short of expectations. Today's Markets In Asia, Japan +1.54%. Hong Kong +0.60%. China -0.16%. India +0.3%. Today's Economic Calendar 8:30 Non-farm payrolls |
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