BREAKINGVIEWS-At least Tencent can retreat into a virtual world-To The Moon - Tiger Brokers Online Investing Community - To The Moon

Like
Comment
Favorite

BREAKINGVIEWS-At least Tencent can retreat into a virtual world

Reuters11-14

(The author is a Reuters Breakingviews columnist. The opinions expressed are her own.)

By Robyn Mak

HONG KONG, Nov 14 (Reuters Breakingviews) - The Chinese titan's hits like "Dungeon & Fighter Mobile" helped power a one-third rise in adjusted quarterly earnings to $8 bln. Outside of gaming, though, fintech and cloud services barely grew. Consumers and companies are holding back splurging in the real world.

Full view will be published shortly.

Follow @mak_robyn on X

CONTEXT NEWS

Tencent on Nov. 13 reported revenue of 167.2 billion yuan ($23.1 billion) in the three months to end-September, an increase of 8% from a year earlier. Adjusted earnings rose 33% to 59.8 billion yuan in the period.

Revenue from domestic games increased by 14% year-on-year to 37.3 billion yuan, while revenue from the company's fintech and business services, which includes Tencent's mobile payment wallet, rose 2% to 53.1 billion yuan.

Tencent's Hong Kong shares were up 2.4% to HK$413.60 during morning trading on Nov. 14.

(Editing by Una Galani and Aditya Srivastav)

((For previous columns by the author, Reuters customers can click on robyn.mak@thomsonreuters.com))

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Like

Report

Comment

empty

No comments yet

Most Discussed

7x24

Terms and Conditions·Privacy Policy

Company: TTMF Limited. Tech supported by Xiangshang Yixin.

Email：uservice@ttm.financial

{"i18n":{"language":"en_US"},"data":{"share":"https://ttm.financial/m/news/2483494891?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-11-14 11:38","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2483494891","market":"sh","top_or_hot":-1,"title":"BREAKINGVIEWS-At least Tencent can retreat into a virtual world","media":"Reuters","content":"<html><body><p>(The author is a Reuters Breakingviews columnist. The opinions expressed are her own.)</p><p>   By Robyn Mak</p><p>      HONG KONG, Nov 14 (Reuters Breakingviews) - The Chinese titan's hits like \"Dungeon &amp; Fighter Mobile\" helped power a one-third rise in adjusted quarterly earnings to $8 bln. Outside of gaming, though, fintech and cloud services barely grew. Consumers and companies are holding back splurging in the real world.</p><p>   Full view will be published shortly.</p><p>   Follow @mak_robyn on X</p><p>   CONTEXT NEWS</p><p>   Tencent on Nov. 13 reported revenue of 167.2 billion yuan  ($23.1 billion) in the three months to end-September, an increase of 8% from a year earlier. Adjusted earnings rose 33% to 59.8 billion yuan in the period.</p><p>   Revenue from domestic games increased by 14% year-on-year to 37.3 billion yuan, while revenue from the company's fintech and business services, which includes Tencent's mobile payment wallet, rose 2% to 53.1 billion yuan. </p><p>   Tencent's Hong Kong shares were up 2.4% to HK$413.60 during morning trading on Nov. 14.</p><p> (Editing by Una Galani and Aditya Srivastav)</p><p>((For previous columns by the author, Reuters customers can click on      robyn.mak@thomsonreuters.com))</p></body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>BREAKINGVIEWS-At least Tencent can retreat into a virtual world</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBREAKINGVIEWS-At least Tencent can retreat into a virtual world\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-11-14 11:38 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://api.rkd.refinitiv.com/api/News/News.svc/REST/News_1/RetrieveStoryML_1><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(The author is a Reuters Breakingviews columnist. The opinions expressed are her own.)   By Robyn Mak      HONG KONG, Nov 14 (Reuters Breakingviews) - The Chinese titan's hits like \"Dungeon & Fighter ...</p>\n\n<a href=\"https://api.rkd.refinitiv.com/api/News/News.svc/REST/News_1/RetrieveStoryML_1\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0456842615.SGD","symbol_name":"JPMorgan Funds - Emerging Markets Equity A (acc) SGD","start_time":0,"source_url":"https://api.rkd.refinitiv.com/api/News/News.svc/REST/News_1/RetrieveStoryML_1","article_id":"2483494891","we_media_id":"1036604489","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2483494891","pubTimestamp":1731555510,"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"summary":"(The author is a Reuters Breakingviews columnist. The opinions expressed are her own.)   By Robyn Mak      HONG KONG, Nov 14 (Reuters Breakingviews) - The Chinese titan's hits like \"Dungeon & Fighter ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"80700":"腾讯控股-R","LU0456842615.SGD":"JPMorgan Funds - Emerging Markets Equity A (acc) SGD","LU0786609619.USD":"高盛全球千禧一代股票组合Acc","IE00BPRC5H50.USD":"NEUBERGER BERMAN CHINA EQUITY \"A\" (USD) INC","LU0348827113.USD":"ALLIANZ RCM CHINA \"AT\" ACC","LU0865486749.SGD":"Eastspring Investments - Asian Equity Income AS SGD-H","LU0235996351.USD":"UBS (LUX) KEY SELECTION SICAV - ASIAN EQUITY (USD) \"P\" (USD) ACC","LU1629966141.USD":"Aberdeen Standard SICAV I - Asia Pacific Multi Asset A Acc USD","LU1880383366.USD":"东方汇理中国股票基金 A2 (C)","LU1951186391.HKD":"UBS (LUX) KEY SEL CHINA ALLOCATION OPPORTUNITY (US \"P\" (HKD) INC","LU2362541513.USD":"WELLINGTON NEXT GENERATION GLOBAL EQUITY \"A\" (USD) ACC","LU0823038988.USD":"AMUNDI FUNDS ASIA EQUITY FOCUS  \"A2\" (USD) ACC","TCEHY":"腾讯控股ADR","LU1770036033.HKD":"NINETY ONE GSF ASIAN EQUITY \"A\" (HKD) ACC","LU0231483743.USD":"abrdn SICAV I - ALL CHINA SUSTAINABLE EQUITY \"A\" (USD) ACC","LU0823413587.USD":"BNP PARIBAS EMERGING EQUITY \"C\" (USD) ACC","LU0890818403.SGD":"JPMorgan Funds - Emerging Markets Dividend A (mth) SGD-H","LU1439102457.SGD":"Fidelity Asia Pacific Multi Asset Growth & Income A-MINCOME(G)-SGD","LU0738912210.USD":"Blackrock Asia Pacific Equity Income A6 USD","LU0320764755.SGD":"FTIF - Templeton Asian Growth A Acc SGD","LU2087589342.USD":"BGF ASIAN MULTI-ASSET INCOME \"A6\" (USD) INC","LU0449515922.USD":"HSBC GIF GLOBAL EMERGING MARKETS EQUITY \"PC\" (USD)ACC","LU0700851271.USD":"NINETY ONE GSF EMERGING MARKETS MULTI-ASSET \"A\" (USD) ACC","LU0048388663.USD":"SCHRODER ISF ASIAN OPPORTUNITIES \"A\" (USD) INC AV","SG9999002562.SGD":"LionGlobal Asia Pacific SGD","IE0034224299.USD":"PINEBRIDGE ASIA EX JAPAN EQUITY \"A\" (USD) ACC","LU1675838814.USD":"AB SICAV I - EMERGING MARKETS LOW VOLATILITY EQUITY PORTFOLIO \"AD\" (USD) INC","00700":"腾讯控股","LU0683595622.HKD":"AB SICAV I-EM.MKTS MUL.ASS.PTF(AD)","SG9999002828.SGD":"Eastspring Investments Unit Trusts - Dragon Peacock A SGD","LU1961090484.USD":"ALLIANZ ALL CHINA EQUITY \"A\" (USD) INC","IE00B97KM107.HKD":"FSSA ASIAN EQUITY PLUS \"I\" (HKD) ACC","LU0072913022.USD":"UBS (LUX) EQUITY FUND -  GREATER CHINA \"P\" (USD) ACC","LU1734074674.USD":"NINETY ONE GSF ASIA PACIFIC FRANCHISE \"A\"(USD) ACC","HK0000306701.USD":"TAIKANG KAITAI CHINA NEW OPPORTUNITIES FUND \"A\" (USD) INC","LU0589944569.HKD":"ALLIANZ EMERGING ASIA EQUITY \"AT\" (HKD) ACC","LU0128522157.USD":"TEMPLETON ASIAN GROWTH \"A\" ACC","SG9999001093.SGD":"United Greater China Fund A Acc SGD","HTCD.SI":"Tencent HK SDR 10to1","LU1188198961.HKD":"SCHRODER ISF CHINA OPPORTUNITIES \"A\" (HKD) INC QV","LU0648948544.HKD":"ALLIANZ ASIAN MULTI INCOME PLUS \"AM\" (HKD) INC","LU1282649067.USD":"ALLIANZ ASIAN MULTI INCOME PLUS \"AMG\" (USD) INC A","LU1794554557.SGD":"Allianz All China Equity AT Acc H2-SGD","LU0878005551.USD":"UBS (LUX) KEY SELEC ASIA ALLOCATION OPPORTUNITY (USD) \"P\" (USD) ACC","LU0979878070.USD":"FULLERTON LUX FUNDS - ASIA ABSOLUTE ALPHA \"A\" (USD) ACC","IE0008369823.USD":"FSSA HONG KONG GROWTH \"I\" ACC","SG9999014898.SGD":"United Global Quality Growth Fund Dis SGD","LU0516423174.USD":"FULLERTON LUX FUNDS - ASIA FOCUS EQUITIES \"I\" (USD) ACC","LU0396098781.USD":"ALLIANZ CHINA MULTI INCOME PLUS \"AT\" (USD) ACC","IE00B0169L03.USD":"FSSA ASIA FOCUS FUND \"I\" (USD) ACC"},"translate_title":"突发新闻——至少腾讯控股可以退回到虚拟世界","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"80700":0.6,"00700":0.9,"TCEHY":0.6,"HTCD.SI":0.6},"content_text":"(The author is a Reuters Breakingviews columnist. The opinions expressed are her own.)   By Robyn Mak      HONG KONG, Nov 14 (Reuters Breakingviews) - The Chinese titan's hits like \"Dungeon & Fighter Mobile\" helped power a one-third rise in adjusted quarterly earnings to $8 bln. Outside of gaming, though, fintech and cloud services barely grew. Consumers and companies are holding back splurging in the real world.   Full view will be published shortly.   Follow @mak_robyn on X   CONTEXT NEWS   Tencent on Nov. 13 reported revenue of 167.2 billion yuan  ($23.1 billion) in the three months to end-September, an increase of 8% from a year earlier. Adjusted earnings rose 33% to 59.8 billion yuan in the period.   Revenue from domestic games increased by 14% year-on-year to 37.3 billion yuan, while revenue from the company's fintech and business services, which includes Tencent's mobile payment wallet, rose 2% to 53.1 billion yuan.    Tencent's Hong Kong shares were up 2.4% to HK$413.60 during morning trading on Nov. 14. (Editing by Una Galani and Aditya Srivastav)((For previous columns by the author, Reuters customers can click on      robyn.mak@thomsonreuters.com))","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"hasMoreComments":false,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}