Strong games, music and media performances between April and June helped China’s Tencent deliver a robust quarterly financial performance through the depths of the coronavirus crisis. Group revenue…
deliver a robust quarterly financial performance through the depths of the coronavirus crisis.
With China affected by COVID-19 earlier than many other economies there were contrasting trends in Tencent’s games business in the second quarter. In China, user time spent on smart phone games increased year-on-year but decreased quarter-on-quarter due to seasonality and back-to-office behavior. “Honour of Kings” was the star performer, with Supercell’s “Brawl Stars” ranked first in the iOS China download chart in June.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Tencent Music Profits Hold up in Second QuarterChina’s leading online music firm Tencent Music Entertainment pointed to increased investment as the reason for a no better than flat performance in the first half of the year. Revenues for the Apr…
Weiterlesen »
Facebook Removed Nearly 40% More Terrorist Content in Second QuarterFacebook removed about 8.7 million pieces of content that includes, according to the company’s definition, nonstate actors that engage in or advocate for violence to achieve political, religious or ideological aims
Weiterlesen »
Tencent’s China Literature Crashes to $465 Million LossChina Literature, which is both China’s leading online bookstore and owner of one of the country’s top TV producers, swung from profits of $55 million a year ago to net losses of $465 million in th…
Weiterlesen »
Universal Music Breaks From Exclusive China Licensing Agreement to Sign With Both Tencent and NetEaseUniversal Music Group (UMG) announced Monday that it has signed multi-year direct licensing agreements in China with both Tencent Music Entertainment (TME) and its competitor NetEase Cloud Music, b…
Weiterlesen »
Universal Music Group & Tencent Music Launch New Label in ChinaUMG has reached a licensing extension with Chinese streaming company Tencent Music and a new licensing deal with Chinese streaming platform NetEase Cloud Music.
Weiterlesen »
Hong Kong police raid on newspaper filmed in real time as China flexes musclesSix weeks after China imposed sweeping national security laws on Hong Kong, police moved in on media tycoon Jimmy Lai, one of the most outspoken critics of Beijing in the city.
Weiterlesen »