Tuesday, November 5, 2024

Tencent

Tencent Reports Solid Q2 Results despite Failing to Meet Expectations

Although slightly below the expected 32.3 billion yuan, Tencent’s profitability demonstrates its financial resilience in the face of economic turmoil. Chinese tech giant Tencent Holdings has released its second-quarter financial earnings report for the year. The company reported revenue...

Tencent Music Reports Surge in Q2 2023 Revenue as More Chinese Users Pay

Tencent Music entertainment noted that users are more willing to pay for the premium features. In Q2, the company registered 20% surge in the total paying users for its online music streaming service. On Monday, August 15, Tencent...

Tencent Q1 2023 Earnings Statement Rides High on Increased Payment Volumes, Ad Sales, Gaming

Chinese tech giant Tencent saw its Q1 2023 revenue jump 11% YoY to $21.4 billion amid relaxed industrial regulations.  Tencent Holdings posted its Q1 2023 results, reflecting the company’s fastest jump in quarterly revenue in over a year. The latest...

Tencent Shares Up 8% after Report of Online Ad Revenue Growth in Q4 2022

As a high-growth-oriented company, Tencent is charting a very ambitious path to grow its revenue over time. Chinese multinational tech giant Tencent Holdings Ltd (HKG: 0700) has released its fourth-quarter earnings report in which it showed a better-than-expected online...

Tencent Wants to Develop AI-Backed Product Similar to ChatGPT

According to people familiar with the matter at Tencent, the company has set up a development team to work on a new project. Chinese conglomerate company Tencent Holdings has joined the growing list of companies working to develop...

Tencent Shares Hit Multi-Month Highs Atop Regulatory Ease

With the easing of pressure from authorities, Tencent shares may still see additional upshoots when compared to the level it is currently at this time.The shares of Chinese multinational internet giant Tencent Holdings Ltd (HKG: 0700) have seen...

Crypto Flipsider News – August 4th – Ethereum’s London Hard Fork, SEC, Cardano, Tencent NFT Platfrom, Google By DailyCoin

Crypto Flipsider News – August 4th – Ethereum’s London Hard Fork, SEC, Cardano, Tencent NFT Platfrom, Google Ethereum’s London hard fork is approaching! SEC Chairperson Gensler: Most cryptos violate the securities law, regulation could increase adoption. updates: Japan, cFund,...

Tencent Agrees to Buy Video Game Maker Sumo Group for $1.27B

Shares of Sumo skyrocketed over 40% on the London Stock Exchange on Monday following the news of the acquisition.Tencent Holdings Ltd (HKG: 0700) has announced today that it agreed to purchase Sumo Group, a British video game company in...
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