Tag Archives: tcehy

Tesla leads ‘smartest’ companies ranking; Apple, Facebook back on list

Electric car maker Tesla Motors (TSLA) moved up to No. 1 on Massachusetts Technology Review’s 2015 “smartest companies” ranking, as gene-sequencing firm Illumina (ILMN) slipped from first place to No. 3. Apple (AAPL) and Facebook (FB), neither of which made the 2014 smartest companies list, were back on in the 2015 ranking at Nos. 16 and 29, respectively. The ranking of 50 smartest companies includes technology and non-tech companies. Tesla had been No. 2 in 2014. The other tech companies in the 2015 top 10 were: Chinese smartphone maker Xiaomi at No. 2, Alibaba Group (BABA) No. 4, Tencent Holdings (TCEHY) No. 7, SolarCity (SCTY) No. 9 and Netflix (NFLX) at No. 10. Tech companies that made the list in 2015 but fell out of the top 10 included Google (GOOGL) and Amazon.com (AMZN). Techs that fell off the list this year included privately held Dropbox, Salesforce.com (CRM) and payments …

4 Stocks Fight 50-Day As Shanghai Index Sinks

This week, the Shanghai Composite had its worst week of trade since 2008. Four popular Chinese stocks are battling with their 50-day lines: JD.com (JD), Alibaba (BABA), Tencent (TCEHY) and Baidu (BIDU). JD.com shares are looking for support at the 50-day line on the stock market today. The Chinese online retailer’s shares fell below that level intraday, but somewhat recovered later in Friday’s session. The drop has JD.com in sell territory: it’s

E-sports to generate $252 million this year

Electronic sports, or e-sports, have defied skeptical parents everywhere to become a big new category of professional sports. In a report Wednesday, market research firm Newzoo estimates that global e-sports revenue will hit $252 million this year, with a fan base of 113 million enthusiasts. Revenue is forecast to grow 30% year over year in 2015. This revenue includes sponsorships, online advertising, media rights, consumer spending on merchandise and tickets. At e-sports tournaments, teams compete in multiplayer video games, usually strategy, shooting or combat games. Top games played include “League of Legends” from Riot Games, majority owned by Tencent Holdings (TCEHY); “Dota 2” from Valve; and “Call of Duty” and “StarCraft II” from Activision Blizzard (ATVI). North America is the largest and fastest-growing major market, with $93 million in expected revenue this year and year-over-year growth of 32%, Newzoo said. Asia Pacific is a close second with $85 million in…