ResearchConsumer Staples, Communication, Consumer Discretionary
WIA2020 | Next 50 in Global Tech: Consumer Technology
Tencent's Net Income Fell by 23% in First Quarter as it Shifted to To Business Services
Tencent reported revenue of CNY 135.4 billion in Q1 2022, the same as last year but less than the expected CNY 141.06 billion. The company's net income fell 51% year over year to CNY 23.4 billion. Under Non-IFRS, net income is CNY 25.5 billion, down 23% from the previous year.
May 18, 2022 05:08 PM
Co-Working Space Provider Ucommune Experienced Jaw-Dropping Losses
Founded in 2015, the Beijing-based Ucommune (优客工场) is a co-working space provider that creates a large-scale intelligent agile office ecosystem in China. Recently, the company released its second annual report, with net loss reaching CNY 2.163 billion.
May 17, 2022 12:26 AM
Chinese Cloud Service Provider Montnets Landed a Partnership Agreement with Huawei
On April 7, one of China’s leading cloud communication service providers, Shenzhen Montnets Technology Co., Ltd, announced that it recently signed a business partnership agreement with China’s telecom giant Huawei.
Apr 07, 2022 10:53 PM