China's Tencent set to hint at virus boost from quarantined gamers [Reuters]
Tencent Music Entertainment Group American Depositary Shares, each representing two Class A Ordinary Shares (TME)
Last tencent music entertainment group american depositary shares, each representing two class a ordinary shares earnings: 3/16 04:15 pm
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Source: Reuters
China's Tencent set to hint at virus boost from quarantined gamers BEIJING (Reuters) - Tencent Holdings Ltd ( 0700.HK ) is set to give a glimpse of how the world’s largest gaming company has fared from the coronavirus outbreak after curbs forced millions to stay at home, driving up demand for online games and streaming services. The Chinese technology major is likely to provide its first estimate on the impact of the epidemic on Wednesday when it reports October-December earnings, with analysts saying Tencent will be one of the biggest corporate winners. Tencent’s businesses are mainly online-only, positioning it uniquely against other tech giants such as Alibaba Group Holding Ltd ( BABA.N ) that focus on e-commerce and whose supply chains have been severely disrupted by the outbreak. “Mobile games are one of the very few entertainment options during the coronavirus outbreak. Comparing the figures in early 2019, downloads of Tencent games increased by 10.4% year over year in this
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TME
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