Tencent reports Q1 revenue up 6% YoY to ~$22B, above ~$21.95B est., and net profit up 62% YoY to ~$5.8B, above ~$4.8B est., boosted by new WeChat monetization
Zheping Huang / Bloomberg :
Profile of Tencent, China's most valuable company at ~$900B, with a powerful ecosystem including WeChat, and local and overseas startup investments worth ~$259B
The tech giant has investments worth an estimated $259 billion in Chinese and overseas startups Tweets: @ruima , @bluff_capital , @jodixu , @jchengwsj , @jingyanghk , and @jchengwsj Tweets: @ruima : N...
Profile of Tencent, China's most valuable company at ~$900B, with a powerful ecosystem including WeChat, and local and overseas startup investments worth ~$259B
The tech giant has investments worth an estimated $259 billion in Chinese and overseas startups Tweets: @bluff_capital , @jodixu , @jchengwsj , @jingyanghk , and @jchengwsj Tweets: @bluff_capital : $T...
Profile of Pinduoduo founder Colin Huang, from his early startup endeavors to creating a $100B+ social commerce giant successfully challenging Alibaba and JD
Turner Novak / Turner's Blog : Tweets: @alexmaleki , @lennysan , @adamdawood , @ruima , and @meysamtweets Tweets: Alex Maleki / @alexmaleki : “a digital TJ Maxx”. 5 years to $100B https://twitter.com...
Sources: Japan's Mitsubishi UFJ Financial Group is investing $700M in ride hailing giant Grab, intends to market its financial services to Grab's users
- MUFG gains access to millions of users in Southeast Asia — Grab is trying to build a regional super-app like WeChat
London-based Threads, a startup that sells luxury fashion on messaging services like WeChat, WhatsApp, Snapchat, and iMessage, raises $20M led by C Ventures
When you think of e-commerce marketplaces, chances are that the first things that come to mind are storefronts built on websites and apps.
Tencent-backed Weimob, which offers integrated marketing services to 2.5M+ merchants through WeChat, files for Hong Kong IPO
Celia Chen / South China Morning Post :
A look at China's rapid adoption of mobile payments, facilitated by Alibaba and Tencent, and the effects as payment volume reached $9T in 2016
Alyssa Abkowitz / Wall Street Journal : Tweets: @wsj , @newley , and @dee_bosa Tweets: The Wall Street / @wsj : ‘Recommend using WeChat Pay,’ says sign held by smartphone-savvy beggar in Beijing http...
Tencent reports Q1 revenues of $7.2B, up 55% YoY, while profits rise 58% to $2B+; WeChat grows to 937M users
Sales at China's largest social network operator jumped 55 per cent in the first quarter on mobile games and online advertising. — Chinese internet giant Tencent …
Tencent beats Q2 estimates with net profit up 47% to $1.61B YoY, revenue up 52% to $5.35B, and mobile gaming revenue doubling to $1.4B
Operator of WeChat messaging app posts 47% net profit increase in latest quarter — HONG KONG— Tencent Holdings Ltd. reported a better-than-expected 47% rise …