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
Meituan, China’s biggest on-demand services provider, on Thursday reported a higher-than-expected 25 per cent year-on-year increase in first-quarter revenue, boosted by gains from its core local commerce operations led by food delivery. The Beijing-based company posted revenue of 73.3 billion yuan (US$10.1 billion), up from 58.6 billion yuan in the same period last year, as … Read more
The Beijing-based company said revenue rose to 260 billion yuan (US$36 billion) in the March quarter, from about 243 billion yuan a year earlier, on the back of electronics, home appliances, general merchandise and logistics services income. That was ahead of the 257.72 billion yuan average forecast from 21 analysts’ estimates compiled by the London … Read more
