News Snapshot:
Alibaba (NYSE:BABA), JD.com (NASDAQ:JD) and Weibo (NASDAQ:WB) took to the high ground Thursday as much of the Chinese tech sector advanced in the wake of upbeat earnings from Tencent Holdings (OTCPK:TCEHY). Before U.S. stock markets opened, Tencent (OTCPK:TCEHY) reported a year-over-year rise in its fourth-quarter sales, as the online communications and entertainment platform company saw a benefit from increased online ad sales. Tencent (OTCPK:TCEHY) shares climbed as much as 8% as the company said it began to see a positive effect from China easing up on many of its COVID-19 related restrictions. With Tencent (OTCPK:TCEHY) flexing upward, other Chinese tech...
