GgoogleRU first seen 1 d ago, last 1 d ago, peak #1
Oracle sells $7 billion Tencent stake after US pressure
Original: tencent
Reports say Oracle sold roughly $7 billion worth of shares in Tencent, one of China's largest technology companies, after the US government reportedly pressed it to divest its Chinese holdings. The move highlights how Washington's tightening rules on US investment in Chinese tech are forcing major American firms to unwind long-standing stakes.
Why now: Reports of US government pressure leading Oracle to divest billions in Tencent shares have drawn wide attention.
Rank over time, top of the chart is #1. 7 snapshots from 1 d ago to 1 d ago.
Evidence
- Oracle drops Tencent as cloud client, losing multi-billion-dollar contract - report · Data Center Dynamics
- Tencent launches Hy4 in bid to break into AI’s top tier of open-weight models · South China Morning Post
- Oracle 'dumps' $7 billion with one of China's biggest IT company after the US government reportedly tells · The Times of India
API: https://socialmediatrends-api.osmike.com/v1/trends/4896658