Asia stocks to fall as tech rout deepens on Fed
Stocks in Asia are set to open weaker after a selloff in U.S. technology shares and Treasuries accelerated once Federal Reserve minutes signaled interest-rate hikes may be more aggressive than many had expected.
Australian equities slipped at the open, while Japan futures fell. U.S. contracts dropped after the $NASDAQ 100 Index(.NDX.US)$ tumbled the most since March as ri...

$Alibaba(BABA.US)$ Now focus will turn to 18 Nov earning. cloud segment should see further growth due to pandemic. retails wise no problem from 11.11 sales. Hopefully can cross 180 by end Nov. DYODD

Tencent holdings launched three new self-designed chips , enabling the Chinese internet giant to play a role in the country's development efforts in semiconductors and to further expand beyond video gaming, mobile payments and social media. The new silicon products include artificial chip Zixiao which is focused on processing images,video and natural language ; video and natural language ; video transcoding device Canghai; and network interface controller Xuanling
-Tencent has long-term plances for developing advanced chips, making the first time the company has publicly shared the progress of its push into semiconductor research and development.
- Tencent look to expand into other lucrative business
- Tencent derives most of its revenue from online content which is a prime target for China's crackdown. With the invention of the new chips, the company can better align with Chinese President Xi Jinping's goals.
Tencent has always been an internet giant in the world of digital entertainment. With the expansion of its business into semi-conducrtors, which is also the interest of the goverment who has make tech-self sufficiency a top national pirority, Tencent may grow in to a world class semiconductor comany as its required infarstructure and funamentals are already in place for her to succeed. Investors should take this chance to invest in a fundamentally sound company like Tencent .
$TENCENT(00700.HK)$
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