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

Update on the latest sports

first_img Share This StoryFacebookTwitteremailPrintLinkedinRedditNBA-ALL-STAR SATURDAYHield, Adebayo get All-Star wins…ASG MVP trophy named for Kobe BryantCHICAGO (AP) — Miami Heat forward Derrick Jones Jr. finally got his long-awaited dunk contest title as an exclamation point to an epic NBA All-Star Saturday Night. Associated Press Louisville fell to 21-5 overall and 12-3 in the ACC despite Dwayne Sutton’s 18 points and seven boards.In other top-25 games Saturday:— Top-ranked Baylor stretched its winning streak to 22 games as Jared Butler had 21 points in the Bears’ 70-60 downing of West Virginia. Butler hit 5 of 7 3-pointers and had six rebounds, while Matthew Mayer chipped in 13 points and eight boards to help Baylor stay unbeaten in the Big 12 at 12-0.— Filip Petrusev scored 20 of his 27 points by halftime and had 12 rebounds as No. 2 Gonzaga picked up its 18th straight win, 89-77 against Pepperdine. Corey Kispert provided 19 points, including a 3-pointer during a 13-2 run in the second half that put the Bulldogs ahead to stay.— Marcus Garrett scored a career-high 24 points and Devon Dotson added 19 to carry third-ranked Kansas to an 87-70 romp over Oklahoma. Garrett hit a career-best six 3-pointers while added seven assists, five rebounds and four steals in the Jayhawks’ 10th straight win. February 16, 2020 Country House finished second in the 2019 Derby as a 65-1 shot and was placed first after Maximum Security was disqualifiedRUSSIAN DOPINGRussia to lose Sochi Olympic gold medalSALZBURG, Austria (AP) — Russia is set to lose a biathlon gold medal from the 2014 Sochi Winter Olympics in a new doping case.The International Biathlon Union has announced a two-year ban for Evgeny Ustyugov, who was part of the gold medal-winning men’s relay team six years ago. The IBU cites evidence he used the banned steroid oxandrolone around the time of the Olympics. Miami’s Bam Adebayo (ad-ah-BAY’-oh) captured the All-Star skills challenge, narrowly defeating Indiana’s Domantas Sabonis (doh-MAHN’-tahs sah-BOH’-nihs) in the final in a matchup of All-Star big men. Adebayo eliminated 2018 champion Spencer Dinwiddie and Raptors star Pascal Siakam (see-A’-kam) in the first two rounds on the obstacle course.Before the skills competitions, NBA Commissioner Adam Silver has announced that the Kia NBA All-Star Game MVP Award has been permanently named for the late Kobe Bryant.Silver said in a press release that Bryant “is synonymous with NBA All-Star and embodies the spirit of this global celebration of our game.”Bryant made his NBA All-Star Game debut in 1998 at age 19 and appeared in 17 other All-Star games, earning four MVP awards. Bryant, his daughter Gianna and seven other people died in a helicopter crash on Jan. 26.T25 MEN’S BASKETBALL-SCHEDULE Duke takes ACC leadUNDATED (AP) — There’s a new leader in the ACC men’s basketball standings.Seventh-ranked Duke vaulted to the top of the list with a 94-60 rout of Notre Dame and fifth-ranked Louisville’s 77-62 loss to Clemson. Vernon Carey Jr. scored 21 points and Tre Jones added 19 as the Blue Devils claimed their seventh straight win. Carey shot 8 of 10 from the field and took control of the game after the Blue Devils led just 20-19 with eight minutes to play in the first half.Duke improved to 22-3 overall and 12-2 in the conference a half-game better than the Cardinals.John Newman III had a career-high 23 points as the Tigers downed the Cardinals. Tevin Mack scored 14 for Clemson, which held the Cards to a season-low 14 points in the opening half. The Lightning are the third team in NHL history to reel off two separate winning streaks of at least 10 games in the same season.Elsewhere on NHL ice:— Tyler Toffoli scored twice in the final minute to complete the NHL’s first outdoor hat trick and give the Kings a 3-1 win over the Avalanche at the Air Force Academy. The Stadium Series game was a sellout as 43,574 fans braved temperatures that dropped into the 20s.— Phil Kessel’s power-play goal broke a 1-1 tie 5:25 into the third period of the Coyotes’ 3-1 victory over the Capitals. Antti Raanta (AN’-tee RAHN’-tah) handled 35 shots as Arizona won for just the fourth time in its last 16 games.— Nashville coughed up a two-goal lead before Mikael Granlund scored a power-play goal early in the third period to lift the Predators past the Blues, 3-0. Viktor Arvidsson, Matt Duchene (doo-SHAYN’) and Kyle Turris (TOOR’-his) also scored as the Predators improved to 3-0 this season against the defending Stanley Cup champions. — Ron Harper Jr. hit all five of his 3-pointers and scored 27 points to send Rutgers past 22nd-ranked Illinois, 72-57.— Ty-Shon Alexander matched his season high with 24 points as No. 23 Creighton blew out DePaul, 93-64.— Jonathan Laurent and Kalib Boone each scored 16 points to help Oklahoma State beat No. 24 Texas Tech, 73-70.— Kira Lewis Jr. contributed 27 points and Jaden Shackleford had 26 as Alabama picked up an 88-82 victory against 25th-rated LSU.NHL-SCHEDULE — Marc-Andre Fleury recorded his fourth shutout of the season and 60th of his career by stopping 19 shots in the Golden Knights’ 1-0 win over the Islanders. Reilly Smith scored late in the second period before Fleury handed New York its second straight shutout loss.— Adam Larsson produced his first goal since last February and Leon Draisaitl (DRY’-sy-tul) added the eventual game-winner seconds into the third period of the Oilers’ 4-1 verdict over the Panthers. Mikko Koskinen (MEE’-koh KAHS’-kih-nehn) made 33 saves in Edmonton’s third win in four games.— Jack Campbell is 3-0-1 since joining the Maple Leafs after stopping 24 shots in a 4-2 win over the Senators. Auston Matthews, Jake Muzzin (MUH’-zihn), William Nylander (NEE’-lan-dur) and Mitch Marner scored for Toronto.— Tyler Seguin’s (SAY’-gihnz) goal at 2:52 of overtime capped the Stars’ comeback from a three-goal deficit in a 4-3 victory at Montreal. Seguin finished with two goals and Blake Comeau (KOH’-moh) provided the tying goal midway through the third period.— The Blackhawks blasted the Flames, 8-4 as Alex Nylander (NEE’-lan-dur) scored twice in Chicago’s four-goal second period. Patrick Kane and Jonathan Toews (tayvz) each had a goal and two assists in helping the Hawks halt a five-game losing streak. Jones and Orlando forward Aaron Gordon needed two extra dunks apiece in the final round before deciding a winner. Jones Jr. prevailed, 48-47 in the one that determined who left with the trophy.Former Heat guard Dwyane (dwayn) Wade was one of the judges. He said he wanted to have co-dunk contest winners but that the judges were told they had to pick a winner.When Gordon picked the 7-foot-5 Tacko Fall to come out for his last dunk, it was the ultimate risk-reward moment as he needed 49 points to win. He didn’t totally clear Fall, and the judges gave him a 47 to finish one point behind Jones.Buddy Hield (heeld) is the NBA’s reigning king of the long-range shooters.The Sacramento Kings guard made a late surge to win the NBA 3-Point Contest. Hield nailed a two-point money ball from the corner to finish with 27 points, edging Phoenix Suns All-Star Devin Booker by one in the final round. 3-way tie through 54 at RivieraLOS ANGELES (AP) — Top-ranked Rory McIlroy fired a 3-under 68 to pull into a first-place tie with second-round leader Matt Kuchar (KOO’-chur) and Adam Scott at 10 under through three rounds of the PGA’s Genesis Invitational at Riviera.Kuchar had a two-shot lead at the start of the gorgeous day and stayed there with three birdies and no bogeys through 12 holes. But he started to miss short putts, made three bogeys in a four-hole stretch and had to rally with a birdie on the 17th to regain a share of the lead with a 70.Scott holed a 10-foot birdie putt on the 18th for a 67 and a share of the lead.Russell Henley and Harold Varner III are one stroke back and one ahead of Joel Dahmen and Dustin Johnson. Update on the latest sports Bruins top Wings, Bolts extend win streakUNDATED (AP) — The Boston Bruins are spending another day atop the Atlantic Division standings following their eighth win in nine games.David Pastrnak (PAHS’-tur-nahk) notched his 42nd goal and Tuukka (TOO’-lah) Rask handled 25 shots as the Bruins dumped the Red Wings, 4-1. Brad Marchand scored his 25th goal of the season and assisted on Pastrnak’s goal to help Bruce Cassidy pick up his 200th victory as an NHL coach.Charlie McAvoy added a goal and an assist for the Bruins, who continue to lead the Atlantic by one point over Tampa Bay.The Lightning set a team record with their 11th consecutive home win, 5-3 over the Flyers. Andrei Vasilevskiy (va-sih-LEHV’-skee) stopped 30 shots and Nikita Kucherov (KOO’-cheh-rahv) had a goal and an assist as Tampa Bay won its 10th in a row overall. Sixteen players were separated by four shots. None of the 16 is Tiger Woods, who is completely out of contention following a 5-over 76.HORSE RACING-COUNTRY HOUSE RETIREDDerby winner Country House retiresUNDATED (AP) — Kentucky Derby winner Country House has been retired because of a foot ailment.Blackwood Stables says the 4-year-old won’t race again after being treated for laminitis in his right front foot. The Sharks also lost forward Evander Kane to a three-game suspension for elbowing Jets defenseman Neal Pionk in Friday’s game.In other NHL news:— The Sabres have assigned Zach Bogosian to the minors after he cleared waivers on Saturday, though it’s uncertain when or whether the veteran defenseman will report. Bogosian must report to Rochester of the AHL, accept re-assignment elsewhere or risk losing out on what’s left of the $6 million he is owed on the final year of his contract.— The coronavirus outbreak in China is raising concerns about a potential shortage of the hockey sticks used by the world’s top players. Stick manufacturers Bauer and CCM have factories in China that have closed. Officials with both companies say they are monitoring the situation. Another major stick supplier is Warrior which has not been affected because its production is based in Tijuana, Mexico.MLB-ASTROS-BAKER Baker to MLB: Tell teams to ‘stop the comments’ on AstrosWEST PALM BEACH, Fla. (AP) — Dusty Baker wants Major League Baseball to end the criticism of the Astros over sign stealing and take steps to ensure pitchers don’t throw at his players.The new Houston manager spoke out Saturday in response to a wave of harsh comments during spring training about the Astros’ use of video to steal signs in 2017 and 2018. Baker called on the league to “Stop the comments and also stop something before it happens.” He said he has been hearing talk of “seemingly premeditated retaliation.”Dodgers first baseman Cody Bellinger said Friday the Astros “stole” the 2017 World Series title from them, and that Jose Altuve (al-TOO’-vay) stole the MVP from the Yankees’ Aaron Judge. Los Angeles pitcher Ross Stripling indicated he might intentionally throw at Houston batters.PGA-GENESIS INVITATIONAL — Sixth-ranked Dayton earned its 14th straight win as Obi Toppin (OH’-bee TAH’-pihn) furnished 19 points and Jalen Crutcher added 17 in a 71-63 victory at Massachusetts. Dayton shot 53 percent from the field and hasn’t lost since a 78-76 overtime game against Colorado on Dec. 21.— No. 8 Florida State eked past Syracuse, 80-77 behind Patrick Williams’ 17 points and seven boards. M.J. Walker scored 16 points, including five 3-pointers to make up for the absence of star guard Devin Vassell (vah-SEHL’). Coach Leonard Hamilton declined to discuss the reason why Vassell did not play.— Anthony Cowan Jr. poured in 24 points and No. 9 Maryland won its eighth straight game by topping Michigan State, 67-60. Jalen Smith had 17 points and 11 rebounds as the Big Ten Conference leaders improved to 11-3.— Alpha Diallo torched Seton Hall for a career-high 35 points while grabbing 10 rebounds to lead Providence to a 74-68 victory over the 10th-ranked Pirates. Luwane Pipkins had 13 points for the Friars, who led by 14 heading into the second half.— Missouri stunned 11th-ranked Auburn, 85-73 as guards Dru Smith and Xavier Pinson delivered 28 points apiece. Austin Wiley had 22 points and 10 rebounds for the Tigers, who were 1-for-17 from 3-point range. — Martin Jones stopped 39 shots and Dylan Gambrell broke a scoreless tie just over three minutes into the third period of the Sharks’ 2-0 win against the Wild. San Jose won for the fourth time in five games behind Jones’ first shutout of the season and 23rd of his career.NHL-NEWSKarlsson out for season; Kane suspendedUNDATED (AP) — San Jose Sharks defenseman Erik Karlsson will miss the rest of the season after sustaining a broken thumb on his left hand in Friday’s 3-2 win against Winnipeg.The 29-year-old Karlsson had six goals and a team-high 34 assists after signing an eight-year, $92 million extension last June. — Nick Richards had 16 points, including two go-ahead free throws 1:11 remaining as 12th-ranked Kentucky held off Mississippi, 67-62. Tyrese Maxey had 14 points and the Wildcats shot 48% in the second half to erase a seven-point deficit.— Lamar Stevens dropped in 23 points and No. 13 Penn State picked up its eighth straight win by trouncing Northwestern, 77-61. Myles Dread scored 16 for the Nittany Lions, who led 42-28 at halftime and by as many as 18 in the second half before improving to 20-5.— Tyler Bey scored 21 points and McKinley Wright chipped in 13 to lead No. 16 Colorado to a 69-47 victory at Oregon State. The Buffaloes moved into sole possession of the first place in the Pac-12 Conference at 9-4.— Terrell Allen tied a career high with 22 points, including key baskets on back-to-back possessions late in Georgetown’s 73-66 upset over No. 19 Butler. Allen hit 9 of 14 field goal attempts, including all four 3-point attempts to help the Hoyas win without injured starters Mac McClung and Omer Yurtseven.— Emmanuel Bandoumel hit an off-balance 3-point shot with 30 seconds remaining in overtime to push SMU past No. 20 Houston, 73-72. Tyson Jolly led the 18-6 Mustangs with 20 points. His results from the 2013-14 season have been disqualified, including the Olympic victory.last_img read more