• Global markets sink on growth concerns, Turkey jitters

    1 month ago - By Chron

    NEW YORK - Global stocks are sinking Wednesday as an unexpected drop in profits for Chinese tech giant Tencent has investors worrying about economic growth. Oil and copper prices are falling.
    Technology and energy companies are taking some of the worst losses in the U.S. Retailers are falling despite solid results from Macy's and an overall increase in retail sales in July.
    KEEPING SCORE: The S&P 500 index slid 25 points, or 0.9 percent, to 2,813 as of 10 a.m. Eastern time. The Dow Jones Industrial Average fell 240 points, or 1 percent, to 25,058. The Nasdaq composite dropped 84 points, or...
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  • China Makes WeChat's 1 Billion Users a Tempting Target for Tencent

    1 month ago - By Washington Post

    With growth from games slowing, tapping the social network looks increasingly attractive.
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  • Chinese internet giant Tencent suffers a rare profit drop

    Chinese internet giant Tencent suffers a rare profit drop

    1 month ago - By Tech Crunch

    Tencent, Asia's most valuable tech firm, delivered a surprise drop in profit on account of lower investment gains.
    The firm recorded strong growth with revenue up 30 percent year-on-year to reach 73.7 billion RMB in Q2 2018. But net profit slipped by two percent annually to reach 17.9 billion RMB, or around $2.6 billion.
    That breaks a growth streak that stretches back more than a decade and, more crucially, it comes at a time of relative crisis for Tencent. The company became Asia's first $500 billion tech business last November , but it has endured a torrid 2018 with its share price...
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  • Tencent's profit drops for the first time in nearly 13 years

    Tencent's profit drops for the first time in nearly 13 years

    1 month ago - By Business Insider

    Chinese tech giant Tencent Holdings announced a 2% drop in second-quarter net profit.
    The decline was the first in almost 13 years.
    Mobile gaming saw slower growth and PC gaming fell.
    - Chinese technology giant Tencent Holdings Ltd on Wednesday reported a surprise 2 percent fall in second-quarter net profit, its first decline in nearly 13 years, due to slower growth in mobile games and a drop in PC gaming.
    China's largest social media and gaming firm said April-June profit fell to 17.87 billion yuan , lagging the 19.67 billion yuan average of 12 analyst estimates compiled by Thomson...
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  • Tencent's Q2 profit falls due to slower growth in mobile games, decline in PC games

    Tencent's Q2 profit falls due to slower growth in mobile games, decline in PC games

    1 month ago - By Venture Beat

    Chinese technology giant Tencent on Wednesday reported a surprise 2 percent fall in second-quarter net profit, lagging analyst estimates, due to slower growth in mobile gaming and a decline in PC games. China's largest social media and gaming firm said April-June profit fell to 17.87 billion yuan , compared with the...
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