Tencent Holdings Ltd.

Japan sees core inflation at highest in 40 years as Asia-Pacific stocks rise

Philippines central bank expects economy to see ‘low growth’ next year, not recession Central bank governor Felipe Medalla of Bangko Sentral ng Pilipinas (BSP) said the economy is expected to experience “low growth” of less than 5%, not a recession, next year. Speaking to CNBC Sri Jegarajah in an interview, he said the central bank …

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Tencent looks to short video ads to boost revenue amid gaming slump

Tencent runs the ubiquitous Chinese messaging app WeChat. The company offers a short video feature in the app and has started monetizing it through in-feed video ads. Tencent said such ads could become a “substantial” source of revenue in the future. Budrul Chukrout | Sopa Pictures | Light flare | Getty Images Tencent said advertising …

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Chinese tech giant posts first ever revenue decline

Tencent recorded its first-ever quarterly decline in year-over-year revenue as tougher gaming regulations in China and a resurgence of Covid-19 in the world’s second-largest economy hit the tech giant. Here’s how Tencent fared in the second quarter, compared to consensus estimates from Refinitiv: Revenue: 134.03 billion Chinese yuan (19.78 billion dollars) against 134.6 billion yuan …

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