Tag Archives: tcehy

Tencent Up As Q3 Ads Zoom, On China’s Shopping Day

China’s Tencent Holdings (TCEHY) reported its strongest revenue growth in five quarters with third quarter earnings Tuesday morning, though profit fell short of expectations. The earnings report comes as Chinese consumers are hours away from waking to their biggest online shopping day of the year, “11.11.” Tencent Holdings reported revenue of 26.6 billion yuan, about $4.18 billion at the current exchange rate, an increase of 34% over Q3 2014 and

Tencent To Report Earnings Amid China Internet Wars

As China’s biggest online shopping day approaches, Tencent Holdings (TCEHY) is due to report third-quarter earnings before the market open Tuesday. Tencent is expected to post a 28% revenue increase to 25.4 billion yuan — about $4 billion at the current exchange rate — accelerating from 19% year-over-year growth in the prior quarter. Analysts polled by Thomson Reuters expect net profit at the company, which has its primary listing in Hong Kong, to

Baidu Wallet Gaining Ground On Alibaba Alipay: Report

Alibaba Group (BABA)-owned Alipay and Tencent Holdings (TCEHY)-owned Tenpay dominate China’s online payment market, but Baidu ‘s (BIDU) Baidu Wallet is gaining ground, according to an analyst report Friday. Alipay is the leader, with about 600 million users, while Tenpay has 400 million users. But Baidu Wallet “is catching up quickly,” W.R. Hambrecht & Co. analyst Henry Guo wrote in the report. Baidu says Baidu Wallet added 10 million users in Q3