Bloomberg Daybreak: Asia Edition
Tencent Earnings, US July Inflation Data Seals Fed Cut Bets
Aug 15, 2024
In this discussion, Robert Lea, a Senior Analyst at Bloomberg Intelligence; Keyu Jin, an Economist and author; and Jamie Battmer, Chief Investment Officer at Creative Planning delve into Tencent's strong earnings amidst AI challenges. They explore how youth unemployment is reshaping China's consumer landscape and compare Tencent's resilience to Alibaba's strategies. The guests also provide insights on navigating investment strategies in volatile markets, emphasizing diversification and adaptability for long-term success.
23:31
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Quick takeaways
- Tencent's strong performance in gaming reflects a successful long-term strategy, though concerns remain about its underperforming FinTech sector.
- Alibaba faces intense e-commerce competition and must adapt its AI and cloud strategies to maintain market share amidst price wars.
Deep dives
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