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

Laurent Koscielny takes sly dig at Alexis Sanchez with Aaron Ramsey tribute

first_img Comment Metro Sport ReporterWednesday 1 May 2019 11:23 pmShare this article via facebookShare this article via twitterShare this article via messengerShare this with Share this article via emailShare this article via flipboardCopy link362Shares Ramsey’s commitment cannot be questioned (Picture: Getty)The Welshman signed a pre-contract agreement with Juventus in January but his form has been brilliant and nobody could question his commitment to the club.AdvertisementAdvertisementAnd, in praising Ramsey’s attitude, Koscielny appeared to take a dig at Sanchez for the way he left the club.‘What I like about Aaron is that, we know he signs for Juventus but he is still a professional and he always fights for the club and for the team,’ said Koscielny.‘Sometimes you have players who have stopped fighting for this team, but I think he has loved this club and that is why he stayed at 100 per cent for us. It shows a great mentality and character’More: Arsenal FCArsenal flop Denis Suarez delivers verdict on Thomas Partey and Lucas Torreira movesThomas Partey debut? Ian Wright picks his Arsenal starting XI vs Manchester CityArsene Wenger explains why Mikel Arteta is ‘lucky’ to be managing ArsenalRamsey confirmed on Wednesday that injury will prevent him from playing for Arsenal again before his move to Juventus this summer.The midfielder joins the Old Lady in July and hopes to return to full fitness by the time he arrives in Turin.MORE: Rio Ferdinand blasts Virgil van Dijk for ‘criminal’ mistake against Barcelona Alexis Sanchez left Arsenal in January 2018 (Picture: Getty)Arsenal captain Laurent Koscielny has taken a sly dig at former team-mate Alexis Sanchez for the manner in which he left the club.The Chilean swapped the Emirates for Old Trafford in January 2018 in a swap-deal involving Henrikh Mkhitaryan.Sanchez had been desperate to quit the club for over a year and did little to conceal his displeasure at being kept at the club against his will.The 30-year-old’s situation is not too dissimilar to that of Aaron Ramsey, who has known he’d be leaving the Gunners for over six months.ADVERTISEMENT Laurent Koscielny takes sly dig at Alexis Sanchez with Aaron Ramsey tribute Advertisement Advertisementlast_img read more

Dutch pensions sector warns of IORP II impact on uniform statements

first_imgThe Dutch pensions industry has expressed concerns it will be forced to revise the uniform pensions statement (UPO) yet again with the introduction of the revised Institutions for Occupational Retirement Provision Directive (IORP II).The Dutch Pensions Federation and the Association of Insurers (VvV) warned that it may have to expand the statement to include the expected pensions result under three different scenarios, the level of pensions contributions and costs.The pensions industry revamped the UPO only recently and actually removed scenarios, as it believed this element increased the statement’s complexity.Neither pension fund costs nor the contributions paid by workers and companies have ever featured on the Dutch UPO, but they do appear in pension funds’ annual reports and on their websites. Gerard Riemen, the Pension Federation’s director, has previously predicted that the impact of the European legislation would be limited, “as the Netherlands was already a frontrunner on the uniform statement”.The pensions industry adjusted the uniform statement to the 1-2-3 model, which provides basic information about pension arrangements in a top layer, followed by additional information in a second layer and – in a final layer – relevant documents.A spokesman for the Federation said aligning European rules on the UPO to match the Dutch approach would be “desirable”.The Federation and the VvV are awaiting approval by the Social Affairs Ministry before the new models are introduced in 2017.At the moment, experts at the industry groups are assessing the potential exact impact of IORP II on the UPO.The European Insurance and Occupational Pensions Authority, which is to oversee the implementation of IORP II, has announced that it will launch proposals to improve comparability of information for pension fund participants in 2018.last_img read more

BOXING: Martin Murray stops Ishmael Tetteh

first_imgMartin Murray who was having his first fight under the Golden Gloves Promotions banner failed to impress as he made hard work of scoring a seventh round stoppage win over Ishmael Tetteh in a bout fought a super middleweight at Emperors Palace near Kempton Park on Wednesday night.The highly rated Englishman made a slow start through the first three rounds holding his gloves high and fighting from behind a tight defence as he won every round against the Ghanaian who was not expected to test him. Murray (74,38kg) fighting at a pedestrian pace throughout against the rather clumsy moving Tetteh (75, 38kg) left the spectators waiting for him to open up which he never did.Tetteh complained of a head butt in round five after going down on one knee in an earlier exchange which was not ruled as a knockdown by referee Thabo Spampool. It came as a surprise when Tetteh decided not come out at the bell for the seventh round as he did not appear to be in any trouble. The world rated Murray improves his record to 21-1-1; 12 and Tetteh drops to 29-11-2; 16.In the main supporting bout junior welterweight Paul Kamanga (63,45kg) from the Democratic Republic of the Congo had to come back from a rocky fifth round before stopping southpaw Adam de Moor (63.45kg) at 2:36 into seventh round. Kamanga improves his record to 11-0; 8 and De Moor drops to 10-2; 7.In a junior welterweight bout Grant Fourie (63,05kg) stopped Luyanda Jaku (63,30kg) at 2:14 of the fourth round.Heavyweight Martin Makabu (107,05kg) stopped Chris Mabombo (91,40kg) at 1;04 into the second round. Junior welterweight Boitshepo Mandawe (62,65kg) won on a fifth round technical knockout over Herbert Nkabiti (63,45kg). Time 1:05.In the opening bout of the evening super middleweights Vhonani Netshitamboni (74,95kg) and Page Tshesane (75,40kg) fought to a six round drawlast_img read more