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The acrimonious exchange during the meeting in Alaska between the diplomats of China and the U.S. sparked concerns among market players that things could get worse. Chinese internet stocks and ADRs-heavy ETFs were sold off as the underlying holdings suffered from intense selling. ...
More than four in 10 gamers in both the US and Asia are females now, but there aren't that many games specifically developed with female gamers in mind. FriendTimes is China's third largest female-oriented mobile games company, and the good performance of its new flagship game in 2020...
Tencent Holdings Limited (TCEHY) Q4 2020 Earnings Conference Call March 24, 2021, 08:00 AM ET Company Participants Wendy Huang - IR Pony Ma - Chairman and CEO Martin Lau - President James Mitchell - Chief Strategy Officer John Lo - Chief Financial Officer Conference Call Participants Robin Zh...
The following slide deck was published by Tencent Holdings Limited in conjunction with their 2020 Q4 earnings call. For further details see: Tencent Holdings Limited 2020 Q4 - Results - Earnings Call Presentation
Tencent ([[TCEHY]],[[TCTZF]]) tops Q4 revenue estimates, reporting RMB133.67B, up 26% on the year and versus the RMB132.19B consensus. Profits were up 17% to RMB59.3B.The fourth quarter strength was driven by a 29% increase in online gaming revenue, fueled by pandemic-related gaming dema...
China's government could create a joint venture with homegrown tech companies to oversee their data collection.Bloomberg sources familiar with the preliminary plan say the People's Bank of China is leading the push for the JV, which would include both e-commerce and digital payment companies....
Alibaba's stock price is still about 25% off its all-time high. Growth remains very robust and the stock is extremely cheap right now. Alibaba is trading below 20 times fiscal 2022's consensus EPS estimates, and its PEG ratio is around 0.85 right now. Uncertainty surrounding t...
Zhihu has filed to raise $578 million in a U.S. IPO of its ADSs. The firm operates a leading question and answer platform in China. ZH has grown rapidly and has the strong support of major strategic investors, so the IPO is worth a close look. For further details see: Zh...
Artificial Intelligence (AI) looks set to become one of the fastest growing trends this decade. Statista: AI global software revenues are forecast to increase about 5x between end 2020 and end 2025. Others forecast AI to grow at a CAGR of 42% to 53%. A comparison of some popular A...
Nuverse, the video game unit of ByteDance (BDNCE), will acquire Chinese game studio Moonton Technology to increase its competitive footing against gaming giant Tencent ([[TCEHY]],[[TCTZF]]).Reuters sources say the deal is valued at around $4B.Moonton was founded by a former Tencent employee a...
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Cutting-edge technologies at Hong Kong tech fairs attract over 66,000 buyers worldwide HONG KONG, Apr 16, 2023 - (ACN Newswire) - Hong Kong showcased its strengths in innovation and technology (I&T) at a series of innovation and tech fairs, including the first-ever InnoEX co-org...
Inaugural InnoEX kicks off today HONG KONG, Apr 12, 2023 - (ACN Newswire) - The first-ever InnoEX, jointly organised by the Government of the Hong Kong Special Administrative Region (HKSAR) and the Hong Kong Trade Development Council (HKTDC), which is running in conjunction with the...
Inaugural InnoEX promoting Hong Kong's Innovation and Technology Development HONG KONG, Mar 28, 2023 - (ACN Newswire) - Innovation and technology (I&T) play an important role in Hong Kong's development blueprint, especially in the growing demand for smart city technologies and a...