Tencent Holdings Ltd.

Shopee, Garena post strong revenue

Shares of Southeast Asian e-commerce and gaming company Sea Group surged after its first-quarter earnings beat analysts’ expectations on Tuesday. Sea’s U.S.-listed shares rose 14% to close at $80.21 after the Singapore-based internet company reported earnings that beat analysts’ expectations in the first quarter of this year. Here’s how the NYSE-listed company fared from January …

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China signals easing of tech crackdown but don’t expect policy U-turn

China has shown signs of easing its crackdown on the tech sector that has wiped billions of dollars of value from its most important companies. But analysts said Beijing’s recent positive rhetoric should not be confused with a policy shift. “I think big tech companies will have a grace period for maybe the next six …

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