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Tencent Music Entertainment Group

Tencent profit jumps 82%, beating estimates after strong video gaming, ad growth

by Anas Siddiqui
Tencent profit jumps 82%, beating estimates after strong video gaming, ad growth

Tencent Holdings saw profits jump 82 per cent in the second quarter, beating analyst estimates, on the back of new video gaming growth and improved advertising performance. Profit reached 47.6 …

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Tencent’s Riot Games division cuts 11% of staff to ‘create focus’

by Walter Watson
Tencent’s Riot Games division cuts 11% of staff to ‘create focus’

Ma ”Pony” Huateng, chairman and chief executive officer of Tencent Holdings Ltd., speaks during the Guangdong-Hong Kong-Macao Greater Bay Area Forum in Hong Kong, China, on Tuesday, June 20, 2017. …

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U.S. pension funds heavily invested in China despite crackdown

by Walter Watson
U.S. pension funds heavily invested in China despite crackdown

3d illustration flag of China. Close up waving flag of China. Aoraee | Istock | Getty Images U.S. proposals to clamp down on investments in China may be being undermined …

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China’s version of Spotify is ‘underappreciated,’ Morgan Stanley says

by Walter Watson
China’s version of Spotify is ‘underappreciated,’ Morgan Stanley says

Tencent Music Entertainment is convincing more people in China to pay for music. In the July-to-September period, the company’s online music subscribers topped 100 million on a quarterly basis for …

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Stock market today: Live updates

by Walter Watson
Stock market today: Live updates

Traders work on the floor of the New York Stock exchange during morning trading on November 10, 2023 in New York City.  Michael M. Santiago | Getty Images U.S. stock …

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Public gaming companies sit on $45 billion cash hoard, Konvoy says

by Ron Morgan
Public gaming companies sit on  billion cash hoard, Konvoy says

Gamers play the video game “Star Wars Battlefront II” during the “Paris Games Week” on Oct. 31, 2017. Chesno Publicly listed gaming companies are sitting on a $45 billion pile …

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