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KraneShares CSI China Internet ETF Newsroom
bilibili posted its first quarterly profit since going public: the gaming business aims for "long-term operation" and plans to buy back $0.2 billion of stocks in the next two years.
①Bilibili's net income after adjustment in the third quarter was 0.24 billion yuan, also its first quarterly profit since going public. ②Bilibili will cumulatively repurchase stocks worth no more than 0.2 billion US dollars in the next 24 months.
Amazon Rolls Out $20-or-less 'Haul' Store to Rival Temu, Shein
Has Tencent started to expand again?
In one quarter, the number of employees increased by 3300 people.
Asia Markets Mixed, Mirroring Global Market Sentiments as Investors Assess Latest U.S. CPI Figures
Not only emphasizing low stock price competition, Douyin, Kuaishou, and Xiaohongshu are each seeking differentiated new paths | November 11 shopping festival-related observation.
① Professional analysts have pointed out that, unlike the past few years where the focus was purely on low stock price competition, both brand merchants and e-commerce platforms now pay more attention to attracting higher quality products through differentiated innovation. ② Some brand representatives have stated that there are more and more platforms and merchants, but the demand is limited; breaking free from traffic dependence depends on product quality, services, and whether the approach is user-centered.
Tencent conference call: More AI applications will be seen in the next few quarters, and this year's repurchase will exceed one hundred billion Hong Kong dollars.
Tencent pointed out that the proportion of AI-related revenue in the company is around 10%, lower than that of cloud AI revenue of usa cloud vendors, due to the immature AI market in china. In terms of applications, AI technology has enhanced the efficiency of content recommendation and targeted advertising, increasing user engagement time and ad response rate, directly boosting revenue. Tencent is integrating AI into more products and services, and expects to see more practical applications in the coming quarters.
Tencent Holdings Limited (TCEHY) Q3 2024 Earnings Call Transcript Summary
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Game business is recovering; Tencent's Q3 non-GAAP net profit increased by over 30% and over 3,000 people were recruited.
① In the third quarter, Tencent's adjusted net income reached 59.81 billion yuan, far exceeding the market expectation of 54.37 billion yuan, a year-on-year increase of 33%; ② The biggest highlight of Tencent's quarterly report is that value-added services have significantly recovered, mainly due to the rebound in the gaming business.
Tencent Holdings Q3 EPS $0.89 Beats $0.88 Estimate, Sales $23.90B Beat $23.38B Estimate
Express News | BEKE (KE Holdings) up 7% and YINN up 4.7% pre-market, as China announced cutting the deed tax for buyers to as low as 1% from a current level of as much as 3%.
Tencent in Charts: Revenue Increases Across All Segments in Q3
Tencent Non-GAAP EPS of RMB 6.34, Revenue of RMB 167.2B
Tencent Q3 Revenue Rises 8% on Gaming Strength, Matches Estimates
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The 'longest' november 11 shopping festival-related in history has come to an end! The new platform is changing the e-commerce landscape, with the 'cat and dog' battle turning into cooperation.
①In 2024, the november 11 shopping festival-related promotion ended, and the Tmall gala was discontinued. jd.com and Tmall have shifted from competition to cooperation, and the new platform is changing the e-commerce landscape. ②Since the birth of november 11 shopping festival, it has driven the development of digitization, cloud computing, logistics, etc., and is also the 'best exam room' for businesses to adjust their operation strategies. ③When november 11 shopping festival-related returns to normalcy, e-commerce companies are faced with the challenge of finding the next revolutionary new model with significance.