China’s Tencent Holdings Profit Surges 89 Percent After Honour of Kings Launch

first_img“The year-on-year revenue growth rate was therefore lower than previous quarters, which we expect to be temporary in nature,” Tencent said.© Thomson Reuters 2020Which is the best TV under Rs. 25,000? We discussed this on Orbital, our weekly technology podcast, which you can subscribe to via Apple Podcasts, Google Podcasts, or RSS, download the episode, or just hit the play button below. Tencent made CNY 38.5 billion (roughly Rs. 43,400 crores) profit for the three months through September. That was ahead of an analyst average estimate of CNY 30.81 billion (roughly Rs. 34,700 crores), according to data from Refinitiv. Revenue rose 29 percent to CNY 125.4 billion (roughly Rs. 1,41,300 crores).The Chinese group has a solid pipeline of new games waiting to be released, including a recent testing launch of a mobile version of League of Legends in Asia.The company also saw a return to normalcy in advertising activity following the COVID-19 outbreak, with rapid growth in sectors such as education, internet services and e-commerce platforms.- Advertisement – – Advertisement – Chinese gaming and social media giant Tencent reported an 89 percent rise in quarterly profit on Thursday, with its blockbuster game Honour of Kings and solid advertising businesses helping it to beat forecasts and lifting its shares. The world’s largest gaming firm by revenue has benefited from healthy growth of paying users for video games in China and international markets.Its flagship game Honor of Kings reported a record 100 million daily active users in the first 10 months of 2020.- Advertisement – Its shares closed 4.72 percent up, against a 0.22 percent decline in the Hang Seng index.They rebounded from a 7 percent plunge on Wednesday, when Tencent celebrated its 22nd birthday, as investors dumped shares in Chinese tech companies following publication of draft anti-monopoly rules that also wiped out hundreds of billions of dollars off some tech giants including Alibaba.Tencent said revenue from its cloud and other business services, a potential future growth engine, were affected by the lingering impact of the pandemic, such as delays in project deployment and new contract sign-ups.- Advertisement –last_img read more

CDC funds work on rapid tests for avian flu

first_imgDec 4, 2006 (CIDRAP News) – The Centers for Disease Control and Prevention (CDC) has awarded four contracts worth $11.4 million in an effort to develop a 30-minute test for H5N1 avian influenza.The CDC said it awarded the funds to spur development of tests that doctors and field epidemiologists could use to test patients for both H5N1 and other flu viruses. Currently, testing for H5N1 in the United States must be done in 1 of about 100 designated laboratories and takes from 4 to 24 hours, depending on shipping time, the CDC said.Last month the World Health Organization (WHO) listed a rapid diagnostic test as one of the top priorities in avian and pandemic flu research. The CDC said it hopes a rapid test can be ready and licensed within 2 to 3 years.”The creation of a point-of-care test to rapidly detect human cases of H5N1 avian influenza would be a major step forward in our ability to protect public health,” Health and Human Services Secretary Mike Leavitt said in a news release.The four companies, their tests, and the contract amounts are as follows:Cepheid, Sunnyvale, Calif.—GeneXPert Flu assay, $2.4 millionIquum, Marlborough, Mass.—LIAT, Lab-in-a-Tube, $3.8 millionMesoScale, Gaithersburg, Md.—Multi-Array Detection, $706,241Nanogen, San Diego—a novel point-of-care immunoassay system, $4.5 millionOver the next year, the companies will work to develop tests that can detect flu viruses and distinguish seasonal strains from H5N1 within 30 minutes, the CDC said. Existing rapid tests can tell only if a patient has a seasonal influenza A or B virus.CDC spokeswoman Christine Pearson told CIDRAP News the contracts are intended to fund the first two of five development phases.The goal for the first two phases is to produce a prototype test that can be evaluated by the CDC, said Dr. Ruben Donis, chief of the molecular virology and vaccines branch in the CDC’s influenza division. He said the agency will fund further development only if the prototype has “acceptable performance characteristics.”In a news release, Nanogen said that if the CDC funds all five development phases, the company would receive a total of about $12.5 million over the next 2 to 3 years.The four companies were chosen from 13 applicants, the CDC said. Selection criteria included the technical specifications of the test, experience in developing diagnostic tools, staff expertise, and access to labs with sufficient security to handle H5N1 viruses.The agency also promised to provide funds for a repository of influenza reagents and other materials to help in development of the tests.See also:Dec 4 CDC news releasehttp://www.cdc.gov/media/pressrel/r061204.htmlast_img read more

Scott Shafer: Eric Dungey ‘probably doubtful’ for LSU game

first_img Published on September 21, 2015 at 3:45 pm Contact Sam: sblum@syr.edu | @SamBlum3 Eric Dungey will “probably be doubtful” to play on Saturday against Louisiana State, Syracuse head coach Scott Shafer said in an interview with Cuse TV on Monday.The true freshman quarterback took a hit to the head in the second quarter of SU’s 30-27 overtime win on Saturday. Shafer said Dungey wanted to keep playing, but trainers said the team needed to be safe and take him out of the game. Now, it appears he will miss at least the Orange’s game against No. 8 LSU.“He’s doing good. I saw him today, he’s up and about. He’s being himself,” Shafer told Cuse TV. “… Probably doubtful for Eric, obviously.”Dungey had replaced the injured quarterback Terrel Hunt admirably. On Saturday, he had the best game of his short career, throwing for a touchdown and running for one more. In his absence, backup quarterback Austin Wilson struggled, and Zack Mahoney — a walk-on who was the fifth-string QB just two weeks prior — showed promise in limited time.Shafer didn’t commit to a potential starter should Dungey be unavailable. He said they’ll look at Wilson, Mahoney and even AJ Long, who Shafer said isn’t throwing “the way he’s capable of” since recovering from a hand injury this summer.AdvertisementThis is placeholder text“We’re going to take all three of those guys and try to figure out where they’re at, see where Eric’s at,” Shafer said. “… We’ve just got to make the best decision for the team.” Comments Facebook Twitter Google+last_img read more