Tencent

MOGU Announces Unaudited Financial Results for the Six Months Ended September 30, 2023

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Vendredi, décembre 15, 2023
Retail, Footwear, Online Retail, Fashion, Tencent, Six Months in Sudan, Acquisition, NYSE, Beauty, Investment, Risk, Depreciation, ADS, Research, Nature, RMB, Marketing, Health, COVID-19, Annual report, GAAP, Growth, Development, Comptroller, Environment, GMV, Tourism, Clothing, Rare-earth element, Cryptocurrency, Music, Risk management, Bank, PRC, Adjustment

MOGU Inc. (NYSE: MOGU) (“MOGU” or the “Company”), a KOL-driven online fashion and lifestyle destination in China, today announced its unaudited financial results for the six months ended September 30, 2023.

Key Points: 
  • MOGU Inc. (NYSE: MOGU) (“MOGU” or the “Company”), a KOL-driven online fashion and lifestyle destination in China, today announced its unaudited financial results for the six months ended September 30, 2023.
  • Highlights For the Six Months Ended September 30, 2023
    Total revenues for the six months ended September 30, 2023 decreased by 27.5% to RMB83.3 million (US$11.4 million) from RMB114.8 million during the same period of the fiscal year 2023.
  • GMV for the six months ended September 30, 2023 was RMB2,196 million (US$301.0 million), a decrease of 22.3% period-over-period.
  • Financial Results For the Six Months Ended September 30, 2023
    Total revenues for the six months ended September 30, 2023 decreased by 27.5% to RMB83.3 million (US$11.4 million) from RMB114.8 million during the same period of the fiscal year 2023.

Middle East Data Center Colocation Market Outlook Report 2023-2028 Featuring Prominent Players and New Entrants Such as stc, Turkcell,Gulf Data Hub, Serverfarm, and Techtonic - ResearchAndMarkets.com

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Vendredi, décembre 8, 2023
Technology, Data Management, Cloud, Türk Telekom, STC, Amazon, Ericsson, Investment, Huawei, Internet, BFSI, Ooredoo, Solar energy, NEOM, City, Cellcom, Digitalization, Amazon Web Services, Ali Baba, Growth, Microsoft, Temperature, Government, Education, Arms industry, Renewable energy, Tencent, Kingdom, Tier, Turkcell, Oracle, Vodafone, Omantel

The "Middle East Data Center Colocation Market - Industry Outlook & Forecast 2023-2028" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "Middle East Data Center Colocation Market - Industry Outlook & Forecast 2023-2028" report has been added to ResearchAndMarkets.com's offering.
  • Cloud-based services, smart city developments, and fiber connectivity are other factors driving continuous colocation data center investments across the region.
  • Prominent operators in the Middle East data center colocation market include Khazna Data Centers, Gulf Data Hub, MEEZA, Moro Hub, stc, Turkcell, and Oman Data Park.
  • In addition, Saudi Arabia, Israel, and Oman are among the significant contributors to high data center development activities in the Middle East data center colocation market.

Global Blue Completes Strategic Equity Investment and Entry Into New Credit Agreement

Retrieved on: 
Mercredi, novembre 29, 2023
Data Management, Other Retail, Supply Chain Management, Online Retail, Technology, Professional Services, Payments, Other Technology, Retail, Other Professional Services, Mobile, Wireless, Tencent, Sale, RCF, Silver, EURIBOR, NYSE, Partners Group, Global Blue, Internet, Security (finance)

Global Blue Group Holding AG (NYSE: GB and GB.WS), the leading strategic technology and payments partner powering retailers’ improved performance and enhancing shoppers’ experience, is pleased to announce the completion of the strategic equity investment with Tencent, a world leading internet and technology company, and the signing of a new credit agreement which is anticipated to close in early December.

Key Points: 
  • Global Blue Group Holding AG (NYSE: GB and GB.WS), the leading strategic technology and payments partner powering retailers’ improved performance and enhancing shoppers’ experience, is pleased to announce the completion of the strategic equity investment with Tencent, a world leading internet and technology company, and the signing of a new credit agreement which is anticipated to close in early December.
  • Further to the share purchase and investment agreement dated November 16, 2023, on November 28, 2023, Global Blue completed the sale to Tencent of approximately 9.1 million newly issued common shares for a total consideration of $50 million.
  • Global Blue intends to use the proceeds of the sale to reduce its debt balance, in pursuit of its long-term target of net leverage of less than 2.5x Net Debt / Adjusted EBITDA.
  • On November 24, 2023, to further strengthen its balance sheet, Global Blue entered into a new credit agreement consisting of a senior secured term loan (“term loan”) of €610.0 million and a senior secured revolving credit facility (“RCF”) of €97.5 million.

Prosus Accelerates Profitability Target and Delivers on Objectives

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Mercredi, novembre 29, 2023
Technology, Retail, Food Tech, Other Professional Services, Blockchain, Finance, Electronic Commerce, Restaurant, Bar, Professional Services, Artificial Intelligence, Payments, Other Technology, Internet, Fintech, Tencent, Sale, EBITDA, Payment Services Directive, Investment, PSP, Delivery Hero, GPO, Red Dot Payment, OLX, Growth, TPV, AI, PayU, GMV, Video game, Airline, Naspers, E-commerce, Remitly

Basil Sgourdos, Group CFO, Prosus and Naspers, commented: “The Group has delivered a strong financial performance, beating industry levels of growth, while significantly accelerating profitability.

Key Points: 
  • Basil Sgourdos, Group CFO, Prosus and Naspers, commented: “The Group has delivered a strong financial performance, beating industry levels of growth, while significantly accelerating profitability.
  • Our Classifieds and Food Delivery segments are both profitable, and PayU is making strong progress towards profitability.
  • iFood grew Gross Merchandise Value (GMV) by 15% and revenue by 17%, resulting in a trading profit of US$23m, up 149%.
  • Strong performance by key investments:
    Delivery Hero grew group GMV by 8% in Q2 2023, with H1 revenue up by 27%, boosting profitability to an adjusted EBITDA of €9m.

Naspers Accelerates Profitability Target and Delivers on Objectives

Retrieved on: 
Mercredi, novembre 29, 2023
Food, Beverage, Retail, Automotive, Finance, Internet, Online Retail, Electronic Commerce, Professional Services, Technology, Delivery Services, Fintech, Restaurant, Bar, Publishing, Payments, Advertising, Communications, Media, General Automotive, Apps, Applications, Tencent, Sale, EBITDA, Payment Services Directive, Investment, PSP, Delivery Hero, GPO, Red Dot Payment, OLX, Growth, TPV, AI, PayU, GMV, Video game, Airline, Naspers, E-commerce, Remitly

Basil Sgourdos, Group CFO, Prosus and Naspers, commented: “The Group has delivered strong financial performance, beating industry levels of growth, while significantly accelerating profitability.

Key Points: 
  • Basil Sgourdos, Group CFO, Prosus and Naspers, commented: “The Group has delivered strong financial performance, beating industry levels of growth, while significantly accelerating profitability.
  • Our Classifieds and Food Delivery segments are both profitable, and PayU is making strong progress towards profitability.
  • iFood grew Gross Merchandise Value (GMV) by 15% and revenue by 17%, resulting in a trading profit of US$23m, up 149%.
  • Strong performance by key investments:
    Delivery Hero grew group GMV by 8% in Q2 2023, with H1 revenue up by 27%, boosting profitability to an adjusted EBITDA of €9m.

Mastercard JV Approved to Begin Domestic Payments Processing in China

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Lundi, novembre 20, 2023
Personal Finance, Technology, Payments, Finance, Fintech, Banking, Professional Services, Business, Digital Cash Management, Digital Assets, Other Professional Services, Tencent, Alipay, National government, Financial regulation, NAFR, QR, JV, PBOC, Cryptocurrency, Mastercard

Mastercard today announced that its joint venture entity, Mastercard NUCC Information Technology (Beijing) Co., Ltd., has received formal approval from the People’s Bank of China (PBOC) and the National Administration of Financial Regulation (NAFR) to commence domestic bankcard clearing activity in China.

Key Points: 
  • Mastercard today announced that its joint venture entity, Mastercard NUCC Information Technology (Beijing) Co., Ltd., has received formal approval from the People’s Bank of China (PBOC) and the National Administration of Financial Regulation (NAFR) to commence domestic bankcard clearing activity in China.
  • “We are pleased to have reached this milestone with our local partner NUCC.
  • In February 2020, the PBOC principally approved the application from Mastercard NUCC to begin formal preparations to set up a domestic bankcard clearing institution in China.
  • “Mastercard NUCC is committed to being in China as an active partner, working to expand issuance and acceptance of Mastercard-branded products for the benefit of local businesses and consumers.

Global Blue Announces $100M Strategic Equity Investment From Tencent

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Jeudi, novembre 16, 2023
Retail, Other Professional Services, Data Management, Technology, Finance, Fintech, Banking, Apps, Applications, Professional Services, Online Retail, Other Retail, Electronic Commerce, Digital Cash Management, Digital Assets, Payments, Software, Internet, NYSE, Senior, Security (finance), Travel, J.P. Morgan & Co., Investment, Deutsche Bank, Homburger, Davis Polk, Adjustment, BofA Securities, Simpson Thacher & Bartlett, Growth, Silver, Partners Group, Cryptocurrency, Tencent, Global Blue

Tencent has agreed to invest $100 million in Global Blue common equity at a price of $5.50 per share, which is generally in line with the volume-weighted average price over the past 3 months.

Key Points: 
  • Tencent has agreed to invest $100 million in Global Blue common equity at a price of $5.50 per share, which is generally in line with the volume-weighted average price over the past 3 months.
  • At closing, Tencent will own 18.18 million common shares, representing approximately 8% of the total fully-diluted share capital.
  • Jacques Stern, Global Blue CEO said: “We are pleased to welcome Tencent as a shareholder as we continue to diversify our ownership base.
  • We are pleased to make a strategic investment in Global Blue to help support its future growth and look forward to continued growth in cross-border travel and shopping, including travel from China."

Tencent Cloud Recognized as a Representative Vendor for Video Platform Services in the 2023 Gartner® Market Guide

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Lundi, décembre 18, 2023
Cloud, Tencent, Media, Gideon Gartner, VP9, Research, H265, MPS, HDR, CSS, VPS, SDR, VVC, OTT, VOD, Excellent, Partnership, TRTC, Software as a service, AV1, AVS, IDC, AI, Chrysler 300M, Publication, Market, Video game, Gartner

HONG KONG, Dec. 18, 2023 /PRNewswire/ -- Tencent Cloud, the cloud business of global tech company Tencent, today announced its recognition as a Representative Vendor in the newly published 2023 Gartner® Market Guide for Video Platform Services.

Key Points: 
  • HONG KONG, Dec. 18, 2023 /PRNewswire/ -- Tencent Cloud, the cloud business of global tech company Tencent, today announced its recognition as a Representative Vendor in the newly published 2023 Gartner® Market Guide for Video Platform Services.
  • According to the Market Guide: "Gartner sizes the market at about 25 vendors that provide services of the video-on-demand OTT workflow as outlined in this guide."
  • Furthermore, Tencent Cloud Media Services has consistently held the top market share in China for six consecutive times according to IDC.
  • IDC's "China Video Cloud Market Tracker, 2023 1H" has also ranked Tencent Cloud first in the market share for video production, content creation, and media asset management.

ONF Merges Market Leading Portfolio of Open Source Networking Projects into the Linux Foundation

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Jeudi, décembre 14, 2023
Radisys, Linux Foundation, Broadband Forum, Ecosystem, Language, Growth, Organization, Wireless, OIMT, AJAR (applications software platform), PST, Collection, Interface, Software-defined networking, Passive optical network, Open Networking Foundation, Linux, TST-CF Express, Deutsche Telekom, Architecture, Research, Cornell University, PON, OpenFlow, Comcast, SKT, Intel, Telekom, API, SEBA, Software, ONF, LF, Access, Internet service provider, Renewable energy, Mobile phone, DT, Tencent, Aether, P4

SAN FRANCISCO, Dec. 14, 2023 /PRNewswire/ -- The Open Networking Foundation (ONF) today announced that its portfolio of leading open source networking projects, encompassing access, edge and cloud solutions, are set to graduate to become independent projects under the Linux Foundation (LF). The move creates independent, community-led governance for the three major project areas: Broadband, Aether and P4, and sets the projects up for broader collaboration and adoption. As a result of this merger, ONF will be dissolved, transferring all operations to LF.

Key Points: 
  • Organizations Seek to Broaden Adoption, Bolster Collaboration and Expedite Innovation of Broadband, Mobile and P4 Programmable Open Networking
    SAN FRANCISCO, Dec. 14, 2023 /PRNewswire/ -- The Open Networking Foundation (ONF) today announced that its portfolio of leading open source networking projects, encompassing access, edge and cloud solutions, are set to graduate to become independent projects under the Linux Foundation (LF).
  • The portfolio includes the SEBA reference design for building open broadband networks, and the VOLTHA open source project for virtualizing multi-vendor PON systems.
  • "ONF is pleased to transition our robust portfolio of open source platforms into a set of LF-hosted community-led projects," said Timon Sloane, general manager, ONF.
  • "Open Networking Foundation (ONF), with its sister organizations Open Networking Lab and Open Networking Summit, has been a driving force for open networking and innovation across the networking industry for over 13 years.

China Literature to Acquire Tencent Animation and Comics

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Lundi, décembre 11, 2023
Transfer, Online, Tencent, Spare Me, Tencent Animation and Comics, Comics, Acquisition, IP, IQIYI, Animation, Intellectual property, APP, Ecosystem, Youku, IPS, Fox Spirit Matchmaker, Growth, Entertainment, Douban, Outcast, Chinese literature

HONG KONG, Dec. 11, 2023 /PRNewswire/ -- China Literature Limited ("China Literature" or "the Company", stock code: 0772), a leading online literature and intellectual property ("IP") incubation platform in China, today announced that it has entered into an Asset Transfer Agreement with Tencent Holdings Limited ("Tencent", stock code: 0700) to acquire the related assets of Tencent Animation and Comics, including among others Tencent Animation and Comics' APP platform, the intellectual property rights and related rights to its content, and its animation, film and TV series projects, for an aggregate cash consideration of RMB600 million.

Key Points: 
  • HONG KONG, Dec. 11, 2023 /PRNewswire/ -- China Literature Limited ("China Literature" or "the Company", stock code: 0772), a leading online literature and intellectual property ("IP") incubation platform in China, today announced that it has entered into an Asset Transfer Agreement with Tencent Holdings Limited ("Tencent", stock code: 0700) to acquire the related assets of Tencent Animation and Comics, including among others Tencent Animation and Comics' APP platform, the intellectual property rights and related rights to its content, and its animation, film and TV series projects, for an aggregate cash consideration of RMB600 million.
  • Established in 2012, Tencent Animation and Comics is a leading animation and comic platform in China.
  • Mr. Hou Xiaonan, Chief Executive Officer of China Literature, commented, "China Literature and Tencent Animation and Comics share a rich history of collaboration which has yielded remarkable accomplishments.
  • I am truly thrilled to welcome Tencent Animation and Comics into the China Literature family.