Tencent reports Q2 revenue up 15% YoY to ~$25.7B, vs. ~$24.8B est., domestic gaming revenue up 17% YoY to ~$5.6B, and global gaming revenue up 35% YoY to ~$2.6B
Update Hannah Wang / South China Morning Post : Tencent's second-quarter earnings beat forecasts, bolstered by AI April Roach / CNBC : Chinese tech giant Tencent's quarterly revenue jumps 15% on AI in...
Sensor Tower: Temu's US MAU fell 51% to 40.2M from March to June, while Shein's dropped 12% to 41.4M, amid the US' China tariffs and “de minimis” closure
Financial Times :
Saltmine, which has developed a web-based workplace design service, raises $20M Series A after seeing 80% ARR growth and 350% YoY MAU growth in 2020
What is working in the office going to look like in a post-COVID-19 world? — That's something one startup hopes to help companies figure out.
Triller didn't deny the claim from a source that it inflates MAUs to the public and says there's “no legal definition of MAU/DAU”, ahead of expected SPAC merger
“There is no legal definition of MAU/DAU,” says Mike Lu, Triller CEO. “We are an open ecosystem ... Triller's value is in monetizing users, not MAU or DAU.”
Mexican digital bank albo raised $45M Series B from investors including Valar Ventures and Greyhound Capital, claims 500,000 MAUs and 40% market share in Mexico
Jonathan Shieber / TechCrunch : Tweets: @angelsahagun , @angelsahagun , @angelsahagun , and @angelsahagun Tweets: Angel Sahagun / @angelsahagun : 1/ Excited to announce our $45M round for @albomx - a...
Facebook saw a “significant reduction” in advertising demand over the last three weeks of March but the first three weeks of April showed “signs of stability”
it means Facebook's CFO thinks the economy is not in recovery, and the worst may be ahead.) Rat King / @mikeisaac : Now for the first time ever, more than 3 billion people actively using one or more F...
Caller ID and spam blocking app Truecaller says it now has 200M MAU, with 150M of those in India, and says it was profitable in Q4 2019 and this January
Manish Singh / TechCrunch : Tweets: @atomico Tweets: @atomico : Congrats to our partnership company @Truecaller on hitting 200m users! 3rd largest app in India after FB & WhatsApp https://techcrunch....
Dave, which offers money management tools to let its 4M users avoid overdraft fees, raises $50M, says it now has a valuation of $1B+
Two years after the Los Angeles-based fintech startup Dave launched with a suite of money management tools to save consumers from overdraft fees … Tweets: @iankar_ and @pottsjustin Tweets: Ian Kar / @...
Viacom says Pluto TV, its free ad-supported streaming service, has 16M MAU, up from 12M in Jan. when it was acquired, plans to launch in Latin America in 2019
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Tencent-backed DouYu, a Chinese video game live-streaming platform, files for a US IPO; DouYu reported net revenue of $531.5M and a net loss of $127.4M in 2018
UNITED STATES SECURITIES AND EXCHANGE COMMISSION … Rita Liao / TechCrunch : Douyu, China's Twitch backed by Tencent, files for a $500M U.S. IPO Alex Wilhelm / Crunchbase News : A Quick Look At DouYu's...