- WeChat Pay HK partnered with Japanese e-wallet au PAY to launch a cross-border HKD electronic payment solution for users traveling in Japan.
- Users can scan au PAY QR codes at participating Japanese merchants for automatic JPY to HKD conversion at real-time exchange rates without handling fees.
- The service covers over 100 popular merchants across shopping, dining, transportation, and entertainment sectors, including major convenience stores and department stores.
- MoMo has expanded its cross-border QR payment network to over 60 countries through partnerships with Napas, Alipay, WeChat, PayPay, and PromptPay.
- The service enables users to scan QR codes at more than 100 million acceptance points without incurring foreign currency transaction fees.
- The platform also integrated travel services, including eSIM coverage in over 200 countries and flight bookings with 56 international airlines.
- GuoSen maintained a Buy rating on Tencent Holdings with a price target of HK$635.50.
- Tencent Holdings shares closed at HK$446.40, while the broader analyst consensus suggests a Strong Buy rating with an average price target of HK$670.61.
- CGS International also maintained a Buy rating on the stock on August 14 with a price target of HK$688.50.
- Tencent published its Carbon Neutrality Mid-Term Report, outlining its progress and pathway toward achieving carbon neutrality across operations and supply chain by 2030.
- The report highlights that renewable electricity consumption increased from 22.0% in 2024 to 48.5% in 2025, with owned data centers achieving an 82.9% renewable electricity share.
- Tencent addresses the AI energy challenge through infrastructure innovation like T-AIDC, AI-driven scheduling, and the CarbonX Program to support broader decarbonization.
- Major companies across retail, home building, and technology sectors are scheduled to report their quarterly earnings during the week of August 17 to August 21, 2026.
- Key firms releasing financial results include retail giants Target and Walmart, home improvement companies Home Depot and Lowe's, and major Chinese stocks like Alibaba and NetEase.
- Investors utilize earnings reports and specialized datasets to evaluate these stocks for potential investment decisions.
- SPDB analyst maintained a Buy rating on Tencent Holdings with a price target of HK$580.00, while CGS International also sustained a Buy rating with a HK$688.50 price target.
- Tencent Holdings closed at HK$440.00 and currently holds a Strong Buy analyst consensus rating on the market.
- The average price target stands at HK$675.33, indicating a 53.48% upside potential from current levels.
- CLSA maintained a Buy rating on Netease Inc with a price target of HK$234.00.
- The broader analyst consensus on the stock stands at a Strong Buy.
- The average price target for Netease Inc is set at HK$245.48.
- UOB Kay Hian analyst Julia Pan maintained a Buy rating on Tencent Holdings on August 13 with a price target of HK$ 608.00.
- The company’s shares closed at HK$ 441.00, while the stock holds a consensus Strong Buy rating with a target of HK$ 675.81.
- Citi also reiterated a Buy rating on the stock with a price target of HK$ 765.00 in a report released on the same day.
- Whale Rock Capital Management released its latest 13F filing detailing its investment portfolio moves during the second quarter.
- The hedge fund established new stakes in Snowflake with 884.7K shares and Twilio with 821.7K shares.
- The firm also significantly increased its holdings in Advanced Micro Devices to 1.51M shares from 69.2K shares.