Tag Archives: tcehy

‘League of Legends’ trumps ‘Warcraft’ in PC game play

Multiplayer online video game “League of Legends” from Riot Games, a subsidiary of Tencent Holdings (TCEHY), is trouncing Activision’s “World of Warcraft” in terms of hours played per game, according to a new report. “Legends” accounted for 20.6% of PC gaming play time in August, vs. 7.6% for Activision’s (ATVI) “Warcraft,” based on activity among members of Raptr, an online gaming platform and community. “Legends” and “Warcraft” were the Nos. 1 and 2 most played PC games last month, respectively, Raptr said Tuesday. E-sports tournament play gave “League of Legends” a big boost in August, Raptr said. In July, the game accounted for 17.7% of PC game play. “League of Legends” is a free-to-play game supported by micro-transactions. Other top online PC games last month were “Dota 2” with 5.9% of PC playing time and “Counter-Strike: Global Offensive” with 4.2% of play time. Both games are from privately….

Baidu, Tencent, Wanda Poised To Join Forces On Web

Baidu (BIDU), China’s No. 1 online search engine, could be about to enter a $813 million e-commerce deal with two other major China firms, Internet heavyweight Tencent Holdings and Dalian Wanda Group, a privately held department store operator, according to a Reuters report released Wednesday. Baidu and Tencent (TCEHY) will each own 15% of the China e-commerce venture, while Wanda will own 70% of the venture, said Reuters. The deal could be

Tencent’s blowout Q2 draws attention away from rival Alibaba

As China e-commerce giant Alibaba prepares for its highly anticipated U.S. IPO, another Chinese Internet company, Tencent, is stealing some of its thunder. Tencent (TCEHY) owns a portfolio of Internet services including social networks, Web portals, online games and e-commerce sites. The Shenzhen-based company on Wednesday reported second-quarter profit growth of 59% year over year, which easily beat analyst expectations, Reuters reported. Tencent posted net income of 5.84 billion yuan ($949 million) compared with the consensus forecast of 5.73 billion yuan. Tencent (TCEHY) credited surging revenue from smartphone games for its breakneck growth. It markets the games through its mobile messaging apps Mobile QQ and WeChat, known in China as Weixin. Mobile games accounted for 56% of Tencent’s total revenue of 19.75 billion yuan ($3.21 billion) in Q2. Overall revenue rose 37%. Its gross profit margin increased to 62% from 58% in Q1. Tencent is Alibaba’s biggest rival in China….