Tencent beats estimates with 47% profit jump, driven by video gaming

Tencent beats estimates with 47% profit jump, driven by video gaming

Tencent Holdings, operator of China’s biggest social media app and the world’s largest video gaming business by revenue, beat analyst estimates with a 47 per cent profit jump in the third quarter, helped by renewed growth in the video gaming segment. Profit reached 53.2 billion yuan (US$7.4 billion) in the three months ended September, up … Read more

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

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

“Looking forward, we continue to invest in our platforms and technologies including AI, enabling us to create new business value and better serve user needs.” The Tencent Games booth seen at the annual China Digital Entertainment Expo and Conference, also known as ChinaJoy, in Shanghai on July 26, 2024. Photo: AFP Video gaming sales, traditionally … Read more

Tencent sharpens focus on ‘evergreen’ video games in mainland China as domestic industry matures

Tencent sharpens focus on ‘evergreen’ video games in mainland China as domestic industry matures

Tencent Holdings is looking to sharpen its focus on “evergreen” video games that generate steady revenue, instead of rushing out new titles, as the domestic market continues to mature. “We are more focused now, and we tend to cancel many products with intermediate positioning,” Tencent senior vice-president Steven Ma Xiaoyi said in a report published … Read more

NetEase unveils updates on more than 10 new video games, led by highly-anticipated ‘triple-A’ title Where Winds Meet

NetEase unveils updates on more than 10 new video games, led by highly-anticipated ‘triple-A’ title Where Winds Meet

NetEase, China’s second-largest video gaming company, has unveiled updates on more than 10 new titles, including a highly-anticipated “triple-A game” to be released in July, at its annual product launch this week amid heightened competition in the domestic market. At the online event from its headquarters in Hangzhou, capital of eastern Zhejiang province, NetEase featured … Read more

China gaming: Beijing approves Dungeon & Fighter Mobile among imported titles, giving Tencent a boost

China gaming: Beijing approves Dungeon & Fighter Mobile among imported titles, giving Tencent a boost

In a surprise move, China’s gaming regulator approved a new batch of foreign video games on Friday, including hit title Dungeon & Fighter (DnF) Mobile to be operated in China by Tencent Holdings, as Beijing seeks to reassure the stock market after scrapping a controversial gaming regulation. The National Press and Publication Administration (NPPA), the … Read more