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

Dropping mandatory pension participation could trigger ‘bank run’

first_imgThey warned of similar risks in abolishing mandatory participation at sector schemes, although Beetsma said he did not expect companies would withdraw their pension assets from industry-wide funds “on a whim”.Restrictions should be imposed nonetheless, they said, allowing companies to switch every five or 10 years only, and then only after giving ample notice. In the same article, Van de Kieft and Beetsma said the “rigid application” of interest rates for discounting liabilities could threaten financial stability in times of financial stress.“A drop in market rates causes funding ratios to fall, which could force pension funds to replace equity with fixed income,” they said.“This would have a downward effect on markets, interest rates and schemes’ coverage, causing a vicious circle.”They sought to put this risk into perspective, however, by noting that pension funds based their policies on the average funding over the previous 12 months.They also have the option of spreading their recoveries from funding shortfalls over a 10-year period.The authors argued that the regulators’ tendency to prescribe risk-based buffer requirements – such as in the new financial assessment framework, Solvency II for insurers and Basel III – carried the risk of herding, which could increase volatility.They also pointed to the “potentially procyclical” character of the pensions system.“During an economic downturn, additional pension contributions could reinforce the crisis because they would reduce the disposable income,” they said. René van de Kieft, chief executive at asset manager MN, and Roel Beetsma, economics professor at Amsterdam University, have warned of a “bank run” on pension assets should the Dutch government relax rules enforcing mandatory participation in the system. In an article for ESB, a communications platform for economists, Van de Kieft and Beetsma argued that dropping the mandatory-participation rule – often suggested in the ongoing debate over the new Dutch pensions system – could be dangerous. “If participants, for whatever reason, suddenly lose faith in their pension fund, it suddenly may have to divest assets on a large scale, which could destabilise financial markets,” they said.They said individual freedom of choice, when drawing on pension assets, should be for specific purposes only, such as buying a house or as a lump sum at retirement.last_img read more

Fantasy Baseball SS Rankings: Top players, sleepers at shortstop for 2020

first_imgFantasy Baseball SS RankingsRankings based on 5×5 H2H leagues with Rs, HRs, RBIs, SBs, and batting average as categoriesPosition eligibility based on Yahoo default settings (5 games started or 10 games played at a position)* = not eligible at that position on draft day but expected to play there during the seasonRankingPlayerTeamOther eligibility1Alex BregmanAstros3B2Francisco LindorIndians3Trevor StoryRockies4Fernando Tatis Jr.Padres5Trea TurnerNationals6Gleyber TorresYankees2B7Javier BaezCubs8Adalberto MondesiRoyals9Jonathan VillarMarlins2B, OF*10Xander BogaertsRed Sox11Manny MachadoPadres3B12Bo BichetteBlue Jays13Ketel MarteD-backs2B, OF14Carlos CorreaAstros15Marcus SemienA’s16Tim AndersonWhite Sox17Scott KingeryPhillies2B, 3B, OF18Danny SantanaRangers1B, 2B, 3B, OF19Elvis AndrusRangers20Corey SeagerDodgers21Didi GregoriusPhillies22Paul DeJongCardinals23Amed RosarioMets24Jorge PolancoTwins25Jean SeguraPhillies3B*26Kevin NewmanPirates2B27Mauricio DubonGiants2B28Carter KieboomNationals3B*29Luis UriasBrewers2B30Dansby SwansonBraves31Willy AdamesRays32Garrett HampsonRockies2B, OF33Nick AhmedD-backs34Niko GoodrumTigers1B, 2B, OF35Freddy GalvisReds2B36Nick MadrigalWhite Sox2B37Jon BertiMarlins3B, OF38Ryan MountcastleOrioles39Orlando ArciaBrewers40Enrique HernandezDodgers2B, OF41J.P. CrawfordMariners42Chris TaylorDodgers2B, OF43Leury GarciaWhite Sox2B*, OF44Jose IglesiasOrioles45Jose PerazaRed Sox2B, OF46Brendan RodgersRockies2B47Andrelton SimmonsAngels48Brandon CrawfordGiants49Miguel RojasMarlins50Johan CamargoBraves3B, OF51Nico HoernerCubs2B* 2020 Fantasy Baseball Rankings:Catcher | First | Second | Third | Outfield | Starter | Reliever | Top 300Fernando Tatis Jr. and Trea Turner are also potential first-rounders, with Turner standing out because of his high-SB upside. However, it’s worth noting that Adalberto Mondesi and Jonathan Villar have just as much SB potential and will be available three or four rounds later. Obviously, you’re giving up batting average and likely some overall run production with those two compared to Turner, but stolen bases alone shouldn’t cause you to take Turner in the first or second round if you think you can get Mondesi or Villar a little later. 2020 Fantasy Baseball Sleepers:Catcher | First | Second | Third | Short | Outfielder | Starter | Each teamBut that just proves our original point — this position is loaded with high-impact players, which is why most owners will fill it before the end of the sixth round. The fact that last year’s AL batting champion, Tim Anderson, is No. 16 in our rankings, and the NL’s No. 2 hitter, Ketel Marte, is No. 13, shows you just how deep and varied this position is. We’ve already mentioned the power-speed, high-SB, and high-average guys, but you also have good power hitters, such as Paul DeJong (30 HRs last year), Carlos Correa (21 HRs in 75 games), and Didi Gregorius (16 HRs in 82 games) ranked outside of the top 12. 2020 Fantasy Baseball Tiers, Draft Strategy:Catcher | First | Second | Third | Short | Outfield | Starter | RelieverThere are legit sleepers available at SS, but you really shouldn’t be counting on any of them to start for you on opening day. Mauricio Dubon, Carter Kieboom, Luis Urias, and Ryan Mountcastle are the types of potential breakouts who just need playing time to put up solid all-around stats, while Nick Madrigal, Garrett Hampson, and Jon Berti could all put up big SB numbers with regular at-bats. More 2020 Fantasy Baseball: Auction Values | Mock Draft SimulatorThere isn’t quite as much multi-position eligibility for the top shortstops as there is at other positions, but there’s plenty throughout the middle tiers. This should allow you to grab at least one stud SS early in your draft and one or two solid backups later on. Take advantage of the varied skill sets and high level of talent at this important position. Please note that the players below are ranked as if they’re only eligible at SS. Players might be ranked higher overall if they’re eligible at other positions.Fantasy Baseball Draft Strategies: Auction | Keeper/Dynasty | PointsWe’ll be updating our SS rankings as needed, so check back for the latest player movement. DOMINATE YOUR DRAFT: Ultimate 2020 Fantasy Baseball Cheat Sheet Other positions are deeper, but none are more important than shortstop during your fantasy baseball draft. Not only do you have as many as five legit first-round talents in the top tier, but you also have the kind of power-speed guys needed to balance out a roster. Our 2020 SS rankings are as deep as any we’ve put together in recent years, which should give you some relief when finalizing your draft cheat sheet. We have Alex Bregman at the top of our rankings, but many will value the higher-SB upside of Francisco Lindor or Trevor Story more. That’s fine, as both could pop as many or more homers than Bregman, but we expect the Astros star to hit for a better average and produce noticeably more RBIs. Bottom line — you’re in great shape if you start your draft with any of those three, so it comes down to how you like to build your team. last_img read more