Tencent, NetEase Mull Game Strategy in Japan Amid Growth in Local Market China - Report
Meituan's conference call: The board of directors has approved a share buyback of 1 billion US dollars, and it is expected to achieve daily 0.1 billion takeaway orders during the peak season next year.
The strong growth trend of order volume and GTV in this quarter can continue, with the year-on-year growth rates of various sub-businesses in the offline liquor and travel business all exceeding 60% this quarter. It is expected that the growth rate of operating profit will be higher than the growth rates of income and order volume, maintaining optimism for long-term growth.
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Chinese Tech Giants Alibaba And Tencent Ramp Up AI Investments, With Nearly A Third Of Deals Since 2023 Aimed At AI Startups
Goldman Sachs comments on "Black Myth: Wukong": a turning point for Chinese console games, with steam sales potentially reaching 20 million copies.
Goldman Sachs expects that under the baseline scenario, "Black Myth: Wukong" will sell over 12 million copies on Steam, generating over 3 billion yuan in revenue. Under an optimistic scenario, it may sell 20 million copies and generate over 5 billion yuan in revenue, and this does not include sales on Tencent WeGame and Sony PlayStation platforms.
Tmall Beauty is sharpening its knife.
Make a move.
Adjustments are imminent! Many agency platforms are facing a wave of delisting for dozens of old products with a reserved interest rate of 3% on insurance products.
Ant Insurance, Huize and other insurance agency platforms have released reminders that nearly 30 insurance products with a 3% reservation rate will be taken off the shelves at the end of this month. Industry insiders have analyzed that after the reservation rate is lowered, the yield of savings-type products will decrease by approximately 14%, while premiums for guarantee-type insurance such as critical illness insurance are expected to increase by 20%.
Tencent-Backed Epic Games Brings Fortnite Back On The IPhone, This Time With An Entire App Store After Its 4-Year-Long Battle With Apple
Alibaba's 'Going Abroad Partner' program aims to accelerate profits.
It is already the biggest driving force behind Alibaba's revenue.
Options Market Statistics: Walmart Stock Rallies, Options Pop on Q2 Earnings Beat, Raised View
Apple, Tencent Discussing Potential Revenue-Sharing Deal For WeChat Mini-Games, Says Chinese Game Maker Exec
Tencent's "Credit Book" has gotten thicker again.
A new champion rises.
JPMorgan on China Economy: Investors Are Seeking More Aggressive Policy Support
Hedge fund guru David Tepper firmly holds Chinese concept stocks: he holds JD.com and Ke Holdings, while reducing shareholdings in Alibaba and PDD Holdings.
China stocks and ETFs account for 26% of its fund stock investment portfolio.
Tencent Holdings Limited (TCEHY) Q2 2024 Earnings Call Transcript Summary
During Tencent's Q2 conference call, it was mentioned that the demand for AI in China is growing rapidly. They are currently in negotiations with Apple regarding the revenue of iOS mobile games and plan to release a mobile version of the game 'Fearless Ag
Tencent said that fintech and gaming businesses will drive continuous profit growth. The company will continue to increase its AI investment and actively explore the integration of AI technology into its games and digital content products to drive business growth.
Tencent in Charts: Revenue From Online Advertising, FinTech and Business Services up Y/Y in Q2
Earnings Volatility | Walmart, Home Depot Shares Positioned for Post-Earnings Wild Swing
Aliyun wants to use AI to disrupt the domain industry.
First domain AI big model application.
S&P rises over 2%, the best in nearly two years, with chip stocks up about 7%, Nasdaq and Chinese stocks up 2.8%, and US Treasury yields and the yen falling for three consecutive days.
The latest employment data alleviates concerns over the US economy, and US stocks rose more than 1.7%. Nvidia's stock rose more than 6%, and Tesla, Alibaba, PDD Holdings, and Tencent ADR rose more than 3%. Bullish on weight loss drug reports, Eli Lilly and Co's stock rose more than 13%, and Novo-Nordisk A/S's US stock rose nearly 8%. The 10-year US Treasury yield rose above 4%, and short-term bond yields rose by 10 basis points. Oil prices rose for the third consecutive day, gold halted its five-day decline, and digital currency had a big increase.