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Express News | Tencent Bought Back 2.7 Mln Shares for HK$1 Bln on Aug 29 - HKEX Filing
Report: In July, the revenue of the Chinese gaming market increased by 4.26% compared to the previous month.
In July 2024, China's gaming market revenue was 27.8 billion yuan, a month-on-month increase of 4.26%, and a year-on-year decrease of 2.83%.
Wisdom ADR Statistics | August 29th
On Wednesday, the three major stock indexes in the United States fell collectively, and the HSI ADR fell. Calculated proportionally, it closed at 17,596.08 points, down 96.37 points or 0.54% from the Hong Kong market close.
Express News | Tencent Bought Back 2.7 Mln Shares for HK$1 Bln on Aug 28 - HKEX Filing
Brokerage firm Huaan Securities maintains a "buy" rating on Tencent (00700), citing its long-term competitive advantage in the social ecosystem.
Jinwu Financial News | Huaan Securities issued a research report, stating that Tencent (00700) had a total revenue of RMB 161.1 billion in the second quarter of 2024, an increase of 8% year-on-year; gross profit was RMB 85.9 billion, an increase of 21% year-on-year; Non-IFRS operating profit was RMB 58.4 billion, an increase of 27% year-on-year; Non-IFRS profit attributable to company shareholders was RMB 57.3 billion, an increase of 53% year-on-year. The bank pointed out that the company's international gaming revenue was RMB 13.9 billion, an increase of 9% year-on-year, mainly due to the increasing popularity of PUBG Mobile and Supercell games.
智通ADR statistics | August 28th
On Tuesday, the three major US stock indexes collectively rose, while the HSI ADR fell. Calculated proportionally, it closed at 17,825.73 points, a decrease of 48.94 points or 0.27% compared to the closing of Hong Kong Stock Exchange.
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