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

Boys’ soccer roundup

first_imgAustin Mason of the Bucksport Golden Bucks pushes the ball up the fi eld as he is pursued by Tyler Bunker of the Sumner Tigers. Trailing the play are Justin Burgess of the Golden Bucks and Baramee Janla of the Tigers. Janla scored three goals to lead Sumner to a 5-0 win.ELLSWORTH — With wins in their first three games, the Ellsworth Eagle boys were ranked third in the Eastern Maine Class B soccer standings published this week by the Maine Principals’ Association. Hugh BowdenExecutive EditorHugh writes editorials, covers Hancock County sports and helps out where needed in The American’s editorial department. When he’s not on the sidelines, he enjoys playing jazz and tennis. hbowden@ellsworthamerican.com Bio Like he did in the ’60s, Noel Paul Stookey sings out in troubling times – December 27, 2017 The Eagles notched a pair of 2-1 wins over the John Bapst Crusaders and the Old Town Coyotes and trailed only Winslow and Presque Isle in Wednesday’s rankings.With a record of 1-1-1, the George Stevens Academy Eagles were ranked sixth in Class C, with the 1-2-0 Sumner Tigers in 11th place.This is placeholder textThis is placeholder textThe Mount Desert Island Trojans in Class B, the Bucksport Golden Bucks in Class C and the Deer Isle-Stonington Mariners in Class D are still looking for their first wins of the season.In action this week:GSA 2, Washington Academy 2The GSA Eagles battled the Washington Academy Raiders to a 2-2 tie on Thursday in East Machias.Ellsworth 2, John Bapst 1A pair of early goals by Jeff Weeks and Brady White proved to be enough as the Eagles squeaked past the John Bapst Crusaders 2-1 on Friday in Bangor.A second-half penalty kick by Matt Richards was the lone goal for the Crusaders as goalkeeper Nick Bagley made four saves on seven shots for the Eagles.Bach Nguyen had 10 stops on 15 shots in goal for John Bapst.Sumner 5, Bucksport 0Baramee Janla scored three goals to lead the Tigers to a 5-0 shutout win over the Golden Bucks on Thursday in Sullivan.Maverick Eklund and Darren Turner also scored first-half goals for the Tigers in the win.Ellsworth 2, Old Town 1A goal by Jack Weeks lifted the Eagles to their third consecutive win on Saturday in Old Town.Weeks snapped a 1-1 tie when he found the net on a shot with just over 10 minutes gone in the second half.Alex Braley had put Ellsworth in front, but Niko Knapp punched a rebound into the net for the equalizer in the first half.Goalkeepers Bruce St. Peter and Nick Bagley combined for eight saves for the Eagles, and Austin Sheehan made 11 stops for the Coyotes.Presque Isle 1, MDI 0With the game less than two minutes old, Ben Nickerson scored the lone goal to give the Presque Isle Wildcats a 1-0 win over the Trojans on Saturday in Presque Isle.Simon Hulbert made 11 saves on 15 shots in goal for MDI, and Andrew Patterson had three saves on five shots for the Wildcats.Schenck 3, DI-Stonington 0The Schenck Wolverines got a pair of goals from Ryan Leavitt and another from Brandon Danforth as they downed the Mariners 3-0 on Saturday in Deer Isle.Ethan Shepard made 22 saves on 30 shots in goal for the Mariners, and Justin Thompson had nine saves on 10 shots for the Wolverines. Is this the kind of government we deserve? – July 10, 2017 Latest Posts Latest posts by Hugh Bowden (see all) GSA surges in 4th to win Northern Maine title – February 26, 2017last_img read more