Tencent Holdings Ltd (0700.HK)
24 May 2018
LONDON British game maker Bossa Studios will release Worlds Adrift on Thursday, an ambitious adventure game designed to appeal to the Minecraft generation that has taken three years and 50,000 gamers to create. | Video
* HK->Shanghai Connect daily quota used 2.6 pct, Shanghai->HK daily quota used -0.7 pct
HONG KONG Robust earnings from Tencent Holdings sent its market value surging by as much as $34 billion on Thursday, helping the Chinese technology giant briefly reclaim the mantle of Asia's most valuable listed company.
* Q1 net profit up 61 percent, beats estimates (Adds analysts' comments; updates share price)
HONG KONG, May 17 Shares of Tencent Holdings Ltd opened up 7 percent in Hong Kong on Thursday after it reported better-than-expected first-quarter results.
HONG KONG A subsidy war in China's mobile payment market between its two biggest tech firms Tencent Holdings and Alibaba Group is set to continue, Tencent's president said after the firm reported a better-than-expected 61 percent jump in quarterly net profit.
* Q1 net profit 23.3 bln yuan vs 17.5 bln analysts' estimate * Gross margin up at 50.4 pct; 1st sequential rise since mid-2015 * President says WeChat Pay subsidies to continue (Adds details from earnings call) By Sijia Jiang HONG KONG, May 16 A subsidy war in China's mobile payment market between its two biggest tech firms Tencent Holdings and Alibaba Group is set to continue, Tencent's president said after the firm reported a better-than
HONG KONG, May 16 Chinese social media and gaming giant Tencent Holdings reported on Wednesday a 61 percent rise in net profit for the first quarter of the year, beating estimates, thanks to strong mobile games revenue.
* QTRLY PROFIT ATTRIBUTABLE RMB 23,290 MILLION VERSUS RMB 14,476 MILLION
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