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Tencent Should Be Split Up

(Bloomberg Opinion) — China’s most ubiquitous company is hiding one of its most valuable assets. That needs to change.Tencent Holdings Ltd., best known for the WeChat messenger that almost everyone in the country uses, has a growing fintech business. But it’s getting overshadowed by the games and social media divisions. By spinning it off into a new company, with a move to a separate listing, management could unlock as much as $230 billion in value. That would make the entity China’s fourth-largest listed company and the world’s sixth-biggest financial services firm.Such a move could help Tencent retake some of the …read more […]

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Steve Wozniak on Apple Card Algorithm and the Future of Augmented Reality

Nov.11 — Tech entrepreneur and Apple Inc. co-founder Steve Wozniak discusses the allegations that the Apple Card has a gender-bias issue, his views on customer service and the future of augmented reality. He speaks with Bloomberg’s Kurt Wagner on “Bloomberg Technology.” …read more […]

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Taiwan's Yageo to buy rival Kemet in $1.8 billion deal

Yageo will offer $27.20 per Kemet share, representing an 18% premium to Monday’s closing share price. “The integration will enhance our ability to serve customers in consumer electronics as well as in the high-end automotive, industrial, aerospace, telecom and medical sectors”, Yageo Chief Executive Officer Pierre Chen said. Yageo’s global footprint would increase with additional operations in North America, Europe and Asia, the companies said in a joint statement. …read more […]