(Reuters Breakingviews) - Alibaba or Tencent? The Chinese tech titans, with a co...
Tencent's Chief Executive Officer Pony Ma and Alibaba's Executive Chairman Jack Ma chat at the end of an event marking the 40th anniversary of China's reform and opening up at the Great Hall of the People in Beijing, China December 18, 2018. REUTERS/Jason Lee
Both companies on Wednesday announced results that underscore the urgency to find new sources of growth. Revenue at Pony Ma’s $450 billion Tencent hit 85 billion yuan in the three months to March, up 16% from a year earlier. That’s the slowest pace since the company went public more than a decade ago.
Jack Ma is also well ahead in money matters where Alibaba affiliate, Ant Financial, owns China’s top payments app, Alipay. It also controls the world’s largest money market fund with some $170 billion in assets under management. Ant’s early success has already attracted high-profile backers, including U.S. private equity firms Warburg Pincus and Carlyle.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Tencent deserves its premium over AlibabaChina’s tech titans face slower growth in their respective strongholds of video games and e-commerce. As they fight it out in finance, Alibaba's $150 bln affiliate, Ant, is winning. Tencent's chat app, though, gives it an overall edge that justifies a higher earnings multiple.
Weiterlesen »
Breakingviews TV: Target NissanThe Japanese automaker has resisted merger proposals from France’s Renault since former Chairman Carlos Ghosn’s arrest. But the company’s weak profitability would benefit from greater integration, which could make it a juicy target for activists,...
Weiterlesen »
Breakingviews - Uber’s losses are nothing like young Amazon’s(Reuters Breakingviews) - Uber Technologies is no Amazon.com. Some of the ride-h...
Weiterlesen »
Breakingviews - Uber has recipes to avoid delivery indigestionOn Breakingviews – Uber has recipes to avoid delivery indigestion, say mak_robyn KarenKKwok
Weiterlesen »
Breakingviews - The Exchange: John TaylorListen: Economist John Taylor convened a powwow at Stanford’s Hoover Institution at which top policymakers brought diverse views on the Fed’s conduct to the fore. He fillets some of the choicest bits with rob1cox.
Weiterlesen »
Breakingviews - Three reasons a wonder drug can cost $5 mln(Reuters Breakingviews) - Novartis's gene therapy for spinal muscular atrop...
Weiterlesen »
China’s Tencent Surrenders on ‘PlayerUnknown’s Battlegrounds’Tencent pulled the plug on a test version of the blockbuster videogame “PlayerUnknown’s Battlegrounds” in China, after waiting more than a year for regulators to allow it to start charging money.
Weiterlesen »
Tencent first quarter profit beats estimates as FinTech trumps mobile gamingTencent Holdings Ltd booked a 17% profit rise for the three months ended March, ...
Weiterlesen »
Tencent Music charges for more content as paying users drive profit beatChina's Tencent Music Entertainment Group said it had started charging for ...
Weiterlesen »
Tencent books record, estimate-busting first-quarter profit, boosted by investment gainsTencent Holdings Ltd posted record quarterly profit on Wednesday, smashing marke...
Weiterlesen »
Breakingviews - Trump’s tariffs put yuan shorters back in the gameOn Breakingviews – Trump’s tariffs put yuan shorters back in the game, says petesweeneypro:
Weiterlesen »