Net income of Chinese Internet giant Tencent Holdings in the second quarter fell to 17 billion 870 million yuan from 18 billion 230 million yuan a year earlier. Analysts had expected the growth of the indicator to 18 billion 600 million yuan. Quarterly revenue was 73 billion 680 million yuan, increased by 30%, while the experts had predicted it at the level of 78 billion yuan. The number of daily active users increased by 10%. At the same time, the revenue per user did not change. The company increased its revenue from the sale of games for smartphones by 19%, advertising revenue - by 39%. However, the revenue from games for desktop personal computers decreased by 5%.
Samsung Electronics Co Ltd looks forward to the second half of the year as it expects a larger increase in chip demand brought by new smartphone launches. However, the company warned that the coronavirus crisis and trade disputes carry risks. Samsung, ...
China’s industrial firms had seen an increase in profits for two consecutive months. This came as the most rapid pace ever recorded in over a year, suggesting that the country’s recuperation from the novel coronavirus pandemic ...
The dollar firmed on Thursday as a decline in Chinese retail sales worried investors, while the rest of the market anticipates the EU summit this weekend. The euro was down 0.1% to $1.1401, while the dollar stood at 106.95 on the yen. The ...
American multinational automaker Ford Motor Co. (F.N) announced on Thursday that its vehicle sales increased by 3% from April to June in mainland China. It would be the first time that the company's first quarterly sales rose in the world's ...
Asian shares hit four-month highs on Monday as investors relied on liquidity and market stimulus to support global economic recovery despite the surge of new cases in the United States. MSCI’s broadest index of Asia-Pacific shares outside ...