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Tencent sets record after best revenue growth in 7 years

Bloomberg Tencent Holdings Ltd. rose to a record high after posting accelerated sales growth and topping the most optimistic of analyst estimates. The shares climbed 2.3 percent to a lifetime closing peak of HK$391.80 in Hong Kong, valuing the company at more than $477 billion. The owner of WeChat, the social network that is nearly ubiquitous in China, reported a ...

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Nissan may build new US auto plant

Bloomberg Nissan Motor Co. is squeezing all it can from its US assembly plants and will need to build an entirely new factory if it keeps growing in the lucrative American auto market, a top executive said. “At some point, we may need it,” Jose Munoz, chairman of Nissan North America, said in an interview, referring to additional production capacity. ...

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China home prices snap three-month drop

Bloomberg Chinese home prices rose in more cities in October, snapping a three-month decline, a sign the market is stabilising amid government efforts to curb property speculation. New-home prices, excluding state-subsidised housing, climbed in 50 of the 70 cities tracked by the government, compared with 44 in September, the National Bureau of Statistics said. Prices fell in 14 cities from ...

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