Tencent Holdings Ltd UNS ADR (TCEHY)
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Tencent-backed Airwallex nears $500 million annualized sales, aims to get IPO-ready by 2026
Payments firm Airwallex is nearing an annual revenue run rate of $500 million after seeing significant growth in its North American and European businesses, CEO Jack Zhang told CNBC. Zhang is looking to get Airwallex's business in shape so that it's ready for an initial public offering by 2026, the CEO said.
Why Tencent Fell Over 5% Today
Tencent delivered an earnings beat. However, bad macroeconomic data around China's July lending led to a downdraft in shares.
Report: Tencent May Share Mini Game Revenue With Apple
Tencent Holdings reportedly said it is in discussions with Apple about sharing revenue from its WeChat mini games. The remarks, made Wednesday (Aug.
DnF mobile drives gaming recovery as Tencent's revenue surges
Tencent's revenue has seen a significant boost, thanks to the strong performance of their game Dungeon Fighter Mobile.
Tencent Music's Average Revenue Per User Focus Signals Potential Profit Growth, Says Analyst
BofA Securities analyst Lei Zhang reiterated a Buy rating on Tencent Music Entertainment Group – ADR TME with a price target of $15, down from $18.
Tencent Holdings Limited (TCEHY) Q2 2024 Earnings Call Transcript
Tencent Holdings Limited (OTCPK:TCEHY) Q2 2024 Earnings Conference Call August 14, 2024 8:00 AM ET Company Participants Wendy Huang - Investor Relations Pony Ma - Chairman and Chief Executive Officer Martin Lau - President James Mitchell - Chief Strategy Officer John Lo - Chief Financial Officer Conference Call Participants Alicia Yap - Citigroup Kenneth Fong - UBS Ronald Keung - Goldman Sachs Alex Yao - JP Morgan Charlene Liu - HSBC William Packer - BNP Paribas Thomas Chong - Jefferies Gary Yu - Morgan Stanley Wendy Huang Good day and good evening. Thank you for standing by.
Chinese tech giant Tencent says net profits soar in second quarter
Chinese internet giant Tencent announced on Wednesday an 82 percent surge in second-quarter net profit, its biggest jump since late 2020, after a resurgence in its gaming business.
China's Tencent goes on a shareholder returns spree
Chinese technology multinational Tencent Holdings (HKG:0700, OTC:TCEHY) repurchased approximately 103.7 million of its own shares in the second quarter of 2024 for a total consideration of around 37.5 billion Hong Kong dollars. Additionally, the WeChat owner paid around 31.7 billion HKD as a final dividend from the previous financial year In US dollar terms, that amounts to around $8.88 billion returned to shareholders in the quarter.
Tencent's Q2 revenue up 8% on recovery in game business
China's Tencent Holdings reported a 8% rise in second-quarter revenue on Wednesday, driven by a recovery in its gaming business after a launch of a new mobile game in May that got off to a strong start.
Chinese tech giant Tencent's quarterly profit jumps 82% as key gaming unit accelerates
Tencent beat second-quarter top and bottom line estimates as growth in its key gaming division accelerated. In this article 700-HK
Tencent News: Why Is TME Stock Plunging 15% Today?
Tencent Music Entertainment (NYSE: TME ) stock is falling on Tuesday after the online music entertainment platform company reported earnings for the second quarter of 2024. The bad news for investors in TME stock starts with its adjusted earnings per share of 65 cents.
Tencent US-Listed Stock Dives as Karaoke Unit Revenue Plummets
American depositary receipts (ADRs) of Tencent Music Entertainment Group (TME) sank Tuesday after the Chinese music streaming service posted worse-than-expected social entertainment services revenue as it dealt with government restrictions on the industry.
