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

Matt Cardona makes surprise AEW debut on ‘Dynamite’

first_imgMatt Cardona has landed on his feet inside another promotion’s squared circle.The wrestler formerly known as Zack Ryder burst onto the set of “AEW Dynamite” on Wednesday night, running in and cleaning house while Cody Rhodes was getting roughed up.  Is that… is that @TheMattCardona?! #AEWDynamite on @tntdrama— All Elite Wrestling on TNT (@AEWonTNT) July 30, 2020Cardona, wrestling under his given name, was last seen in WWE, where he earned tag team, U.S. and intercontinental belts. He was one of about 20 performers cut from the WWE roster in April, with a 90-day no-compete clause.RIVERA: Mike Tyson’s ‘Dynamite’ debut made for cringeworthy TVRhodes initially sounded hesitant to add his friend, but this week he was teasing signing not only Cardona but also Rusev, another Superstar jettisoned in the WWE cutdown.”They have literally drawn money. They have TV experience. They have high-profile experience. They have locker room experience. The pros heavily outweigh the cons,” Rhodes told ESPN in a Q&A.”Those are two great free agents. I’m not going to go as far to say that if I had to sign anybody, those would be the two that I would sign. But I think they’re great free agents. I think if they have the passion for pro wrestling, they’re going to continue to succeed.” Rhodes said that he was weighing adding a “hot free agent” against pushing aside an existing performer, but he also liked the idea of increasing competition.”The best wrestlers, no matter where they came from, you’re going to want on your show,” he told ESPN.Viewers will get another look at Cardona next week when he and Rhodes take on Dark Order in tag-team action:NEXT WEEK ON #AEWDYNAMITE! LET’S DO THIS @CodyRhodes! @AEWrestling @AEWonTNT— Matt Cardona (@TheMattCardona) July 30, 2020last_img read more