Tencent Profit Beats Estimates After Big Summer for China Games [Yahoo! Finance Canada]
Alibaba Group Holding Limited American Depositary Shares each representing eight Ordinary share (BABA)
Last alibaba group holding limited american depositary shares each representing eight ordinary share earnings: 2/13 06:45 am
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Source: Yahoo! Finance Canada
Most Read from Bloomberg The social media and entertainment leader posted net income of 53.2 billion yuan ($7.4 billion) for the September quarter, surpassing the average projection for 45.3 billion yuan. Revenue rose 8% to 167.2 billion yuan, broadly in line with estimates. The world's biggest games publisher scored this year with the Nexon Co.-produced mobile game, which is fueling a much-needed turnaround in its core division. Tencent also backed the record-smashing PC hit Black Myth: Wukong, reinforcing its reputation as an industry financier. Those breakout hits helped anchor an unusually popular lineup of games during the summer months, when rivals from NetEase Inc. to Mihoyo also scored with new titles. The performance may help shore up expectations Tencent will prove more resilient to Chinese economic malaise than rivals Alibaba Group Holding Ltd. and JD.com Inc., which are grappling with shell-shocked shoppers. Shares in Prosus NV, a major Tencent stockholder, stood la
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