Tencent's Revenue Climbs 8% After Blockbuster Games Summer [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
of Dungeon & Fighter Mobile helped China's most valuable company resist a severe economic downturn. Most Read from Bloomberg Sales for the three months ended September rose to 167.2 billion yuan ($23.1 billion), broadly in line with the average estimate. Net income was 53.2 billion yuan, compared with projections for 45.3 billion yuan. 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 buoyed expectations that 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. “Games matter more for Tencent than meets the eye,” Morningstar analyst Ivan Su wrote in an October report. “The firm's ongoing shift toward more in-house game dev
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