China Newsbase
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The China News Database was last updated at 01:50PM on November 9, 2023.
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682 articles matching the search query.
As gaming sales slump, China's Tencent signals a hot ad trend it's betting on
Tencent said advertising in its nascent short video platform could become a "substantial" revenue source as other areas of its business face pressure.
Tencent is regaining growth momentum across its core sectors, says financial services firm
Esme Pau of Macquarie Group says Tencent's core segments are showing early signs of improvement.
Hang Seng Index Today: Alibaba, EV Stocks Fall, Tencent Bucks The Trend After Earnings Report
Hong Kong’s Hang Seng index opened in the red on Thursday, losing 0.39% in morning trade, following a sluggish session on Wall Street on Wednesday. The U.S. Federal Reserve has indicated more rate hikes according to the minutes of its policy meeting. However, it did indicate the pace of the hikes could slow.
Citigroup Maintains 'Buy' Rating for Tencent Despite First Sales Drop
Alicia Yap, head of pan-Asia internet research at Citigroup, discusses Tencent Holdings Ltd.'s financial results and outlook. China's most valuable company its first-ever revenue decline after online advertising sales fell by a record, and slashed 5,000 jobs or nearly 5% of its workforce. Yap speaks with Haidi Stroud-Watts and Shery Ahn on "Bloomberg Daybreak: Asia. (Source: Bloomberg)
Tencent Says Meituan Stake-Sale Report Is Inaccurate
A Tuesday report said that the social media giant has engaged financial advisers to help it sell a roughly 17% stake in the food-delivery super app
Tencent sees first sales fall as China economy slows
The WeChat owner is also feeling the effects of a regulatory clampdown on gaming.
Around 10 Tencent Products Now Halted for Several Months - Pandaily
In August, two apps operated by Shenzhen-based tech giant Tencent were officially shut down. Up until August this year, roughly 10 well-known products or applications have been officially given up by Tencent.
China's Tencent reports first revenue drop as gaming regulations and COVID-19 bite
Tencent said it had shut some unprofitable businesses and promised a return to growth even if the economy stayed weak, after government clampdowns on its gaming business and COVID-19 lockdowns drove its first-ever quarterly sales fall.
Tencent Results Mixed While Denying Meituan Divestment As Premier Li Outlines Stimulus
Asian equities were higher overnight on light volumes except for South Korea and the Philippines.
Tencent Profits Slump on Weak Games, Regulatory Impact
Tencent's profits slumped in the first half of the year as regulatory changes and changing economic conditions weighed on the games biz.
Tencent Music Entertainment Group revenue decreased 13.8% · TechNode
Tencent Music Entertainment Group (TME) reported RMB 6.9 billion ($1 billion) in revenue for the second quarter of 2022, beating the consensus revenue
Tencent cuts 5,500 jobs, posts first ever revenue decline
Tencent reported its first revenue decline since going public and trimmed its payroll, as the slowing economy weighed on its business.
Tencent Unveils First Sales Fall, Job Cuts as Economy Sinks
Tencent Holdings Ltd. logged its first-ever revenue decline after online advertising sales fell by a record, underscoring the extent to which China’s worsening economy is hurting its biggest corporations.
Tencent Is Latest Tech Giant Where Sales Are Falling
Another milestone for China's beleaguered tech industry: Sales are falling at Tencent, for the first time since the videogaming and social-media giant went public. Alibaba is already in the same camp. Sales have also shrunk at some big U.S. tech names, including [Meta Platforms](https://www.wsj.com
Tencent plans to sell $24 billion stake in Meituan: report · TechNode
Tencent is reportedly planning to sell its $24 billion stake in life services giant Meituan, Reuters reported on Wednesday. Three unnamed sources told
Kevin Shimota on Tencent earnings (Radio) - Bloomberg
Live market coverage co-anchored from Hong Kong and New York. Overnight on Wall Street is daytime in Asia. Markets never sleep, and neither does Bloomberg.
‘The First Superapp’ Author Kevin Shimota on Tencent
Author of ‘The First Superapp’ Kevin Shimota discusses Tencent future in the light of upcoming second-quarter results from China’s internet giants. Shimota was a senior executive at WeChat for four years. He speaks to Yvonne Man and David Ingles on "Bloomberg Markets: China Open". (Source: Bloomberg)
Ball Metaverse Research Partners' Kanterman on Tencent
Tencent is likely to report its first-ever quarterly revenue decline when it reports earnings Wednesday. Matthew Kanterman, Director of Research at Ball Metaverse Research Partners, outlines what he is expecting from the social media giant. He speaks in "Bloomberg Daybreak Asia" with Shery Ahn and Haidi Stroud-Watts. (Source: Bloomberg)
Hang Seng Index Today: Alibaba Gains, EV Stocks Lose Shine — Tencent Earnings In Focus
Hong Kong’s Hang Seng index opened in the green on Wednesday, gaining 0.3% in morning trade as investors keenly await Tencent’s earnings, along with the New Zealand central bank rate decision.
