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Games, online video help power Tencent to 69pc gain in third-quarter earnings

S.China Morning Post Wednesday, 15 November 2017
Games, online video help power Tencent to 69pc gain in third-quarter earningsTencent Holdings, Asia’s most valuable company by market cap, handily beat market expectations as its fast-growing online video streaming unit helped power earnings in the quarter ended September 30. “We believe [Tencent Video] has become China’s top online video platform in terms of mobile daily active users and subscriptions,” said Tencent chairman and chief executive Pony Ma Huateng in a statement on Wednesday. “We believe this success reflects our increasing...
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TheStreet's founder and Action Alerts PLUS Portfolio Manager Jim Cramer is keeping an eye on quarterly results from Target , released on Wednesday. "I think that they have a lot of good, proprietary clothing," Cramer said. Target shares are down 17% since the start of the year. Watch More with...

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