Benefiting from changes in people's lifestyles during the New Crown epidemic, Tencent's Q2 2020 earnings report showed that quarterly revenue reached RMB114.883 billion, up 29% year-on-year, while net profit also rose 37% from the same period last year.
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At the "League of Legends 10th Anniversary Gala" on September 4, Tencent Games officially announced that it would introduce and release VALORANT, the globally popular PC tactical shooter developed by Fist Games, in China.
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Tencent, a giant in the gaming industry, has recently announced the launch of a new studio in Seattle, USA, under the Tianmei banner, to develop mainly 3A console games.
The core members of the studio are called ‘Team Kaiju’.
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On 6 October, a subsidiary of Tencent Holdings acquired a 21.97% stake in Polish computer game producer Bloober Team, regulatory filings show.
Bloober Team focuses on producing psychological horror games. [The Medium] is one of them.
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On October 16, according to the official public number of START Cloud Games, 19 game titles have officially landed on Tencent START Cloud Games, including ‘Final Fantasy 15’ and ‘Hunger’ and so on.
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According to investment firm Jefferies, Tencent Holdings Ltd's shares are fully priced for ‘online game regulation’, so the company is expected to benefit next from potential policies to protect gaming patents.
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Tencent shares are down nearly 40% from their all-time high in January. Jefferies maintains a Buy rating on the stock and expects third quarter revenue to grow by 16%.
First batch of 8 games online! Tencent WeGame finally breaks the Apple system restrictions.
It is worth mentioning that Tencent has officially pointed out that the current WeGame Mac version games are all played in the cloud (powered by START).
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Tencent games connect more than 800 million users worldwide, hundreds of millions of users around the world enjoy Tencent game product. In addition, Tencent game has established in-depth cooperation with the world's top game development company
On May 20, 2021, Tencent released the financial report for the first quarter of 2021, with a net profit of about 47.767 billion yuan and a game revenue of about 43.6 billion yuan.#QUBMScBloggers
#QUBMScBloggers Management Discussion and Analysis The following financial statement is the return on investment of Tencent in 2021,By the end of the first half of the year, the return on investment increased by 196 percent year-on-year
Tencent released its financial report for the second quarter of the fiscal year 2021, with a revenue of 138.259 billion yuan, a year-on-year increase of 20%; Game revenue increased by 12% to RMB 43 billion.#QUBMScBloggers
#QUBMScBloggers Tencent Releases League of Legends Mobile Game in China.
It could be a threat to Tencent's biggest mobile game, Glory of Kings. https://t.co/QhgJMbFCfl
Sogou, a Chinese search company and subsidiary of Sohu, has officially been acquired by Tencent.
Tencent completed its merger with Sogou for $3.5 billion, giving it three times the market value of parent company Sohu as a subsidiary. #QUBMScBloggers
Tencent has agreed to buy the British video games developer Sumo Group. Sumo’s board has agreed to Tencent’s offer of 513p a share, valuing the London-listed company at £919m. ( Picture: Little Orpheus.) #QUBMScBloggers
#QUBMScBloggers On 13 October, sales of mobile video games in China fell by 0.9% in the third quarter compared to the previous three months. This was due to the release of new anti-addiction regulations by regulators to protect people under the age of 18.
The UK is currently facing multiple crises, including direct supply chain disruptions due to HGV driver shortages, rising inflation, soaring oil prices, fuel shortages in London and the South East of England in particular, and tax increases next spring. #QUBMScBloggers