China’s own “Game of Thrones” is emerging as Internet kings Tencent (TCEHY) and Alibaba battle to bring Hollywood hits to the vast Internet audience in their home country. On Tuesday, Tencent and Time Warner’s (TWX) HBO announced a distribution deal in which Tencent Video will be China’s exclusive online platform for cult-favorite HBO shows like “Game of Thrones,” “Entourage” and “Girls.” Tencent shares dipped 0.3% in the stock market today . Time
China social media and mobile giant Tencent Holdings reported third-quarter earnings that missed views as revenue growth slowed due to investment decisions that analysts say should pay off down the road. Tencent (TCEHY), a chief rival to Alibaba Group (BABA), said Q3 revenue was $3.22 bil, up 28% vs. a year earlier in local currency but slightly below estimates of $3.32 billion. That was also the smallest increase in several years.
China social media and mobile giant Tencent Holdings (TCEHY) early Wednesday reported third-quarter earnings that fell short of views as revenue growth slowed. Tencent, one of the largest Internet companies in China along with rival Alibaba Group (BABA), reported Q3 revenue of $3.22 billion, up 28% from the year-earlier quarter but slightly below estimates of $3.32 billion. That maintained a string of double-digit revenue growth going back more