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

Assassin’s Creed publisher Ubisoft reviews ‘strategic options’ amid Tencent buyout report

Assassin’s Creed publisher Ubisoft reviews ‘strategic options’ amid Tencent buyout report

France’s largest video gaming company has long been seen as a takeover target and has lost half of its stock-market value over the past 12 months. It has been plagued by product delays and the underperformance of some of its key titles. Ubisoft said in a statement that it would inform the market if and … Read more