Tencent

Sharing Green and Low-Carbon Development Experience with the World: Shenzhen's Climate Action Showcased at China Pavilion

Retrieved on: 
Tuesday, December 5, 2023

SHENZHEN, China, Dec. 5, 2023 /PRNewswire/ -- On the afternoon of December 5th (local time), the Shenzhen Session at China Pavilion during the 28th Conference of the Parties to the United Nations Framework Convention on Climate Change (COP28) was held in the Expo City of Dubai.

Key Points: 
  • SHENZHEN, China, Dec. 5, 2023 /PRNewswire/ -- On the afternoon of December 5th (local time), the Shenzhen Session at China Pavilion during the 28th Conference of the Parties to the United Nations Framework Convention on Climate Change (COP28) was held in the Expo City of Dubai.
  • The National Center for Climate Change Strategy and International Cooperation released the Research Report on Low Carbon Transformation and Development of Emerging Industries in Shenzhen, the Ecology Environment Bureau of Shenzhen Municipality released the White Paper on Responding to Climate Change in Shenzhen and Tencent launched "TanLIVE Global" -Empowering Climate Tech Ecosystem.
  • Notably, the White Paper on Responding to Climate Change in Shenzhen comprehensively summarizes the progress made by Shenzhen in tackling climate change since the 13th Five Year Plan, hoping to offer Shenzhen's best practice to global climate change action.
  • A Head Start on Actions, Practices, Measures, and Innovations
    Wang Dong, Professor and Doctoral Supervisor of Harbin Institute of Technology (Shenzhen) hosted a high-level dialogue and sparked a brainstorming discussion.

Chinese Firms Show Resilient Interest in U.S. IPOs Despite Regulatory Hurdles

Retrieved on: 
Monday, December 4, 2023

NEW YORK, Dec. 4, 2023 /PRNewswire/ -- Despite regulatory challenges and geopolitical tensions, there is a sustained interest among Chinese companies in listing on U.S. stock exchanges. This trend is indicative of the global financial clout and reputation of U.S. capital markets, which offer Chinese firms access to a wider investor base and potentially higher valuations than domestic or other international exchanges. The U.S. stock market, being one of the largest and most liquid in the world, provides significant advantages for Chinese companies seeking to expand their international presence and secure capital for growth and innovation. As of October, seventeen Chinese companies raising a total of $405 million started trading on U.S. exchanges this year, according to data from IPO research firm Renaissance Capital. Last year's 14 IPOs raised a total of $468 million. VCI Global Limited (NASDAQ: VCIG), Tencent Holding Ltd. (OTC: TCEHY), Lufax Holding Ltd (NYSE: LU), Qifu Technology, Inc. (NASDAQ: QFIN)

Key Points: 
  • NEW YORK, Dec. 4, 2023 /PRNewswire/ -- Despite regulatory challenges and geopolitical tensions, there is a sustained interest among Chinese companies in listing on U.S. stock exchanges.
  • VCI Global Limited (NASDAQ: VCIG), Tencent Holding Ltd. (OTC: TCEHY), Lufax Holding Ltd (NYSE: LU), Qifu Technology, Inc. (NASDAQ: QFIN)
    This ongoing interest, despite regulatory and geopolitical headwinds, underscores the strategic importance and perceived benefits of U.S. listings for Chinese companies.
  • "During the quarter, despite the macro uncertainty, we continued to improve our operational efficiency and drive for better economic returns.
  • Meanwhile, we are continuing to strengthen our commercialization efficiency by integrating advertising solutions and live broadcasting across our content ecosystem.

Chinese Firms Show Resilient Interest in U.S. IPOs Despite Regulatory Hurdles

Retrieved on: 
Monday, December 4, 2023

NEW YORK, Dec. 4, 2023 /PRNewswire/ -- Despite regulatory challenges and geopolitical tensions, there is a sustained interest among Chinese companies in listing on U.S. stock exchanges. This trend is indicative of the global financial clout and reputation of U.S. capital markets, which offer Chinese firms access to a wider investor base and potentially higher valuations than domestic or other international exchanges. The U.S. stock market, being one of the largest and most liquid in the world, provides significant advantages for Chinese companies seeking to expand their international presence and secure capital for growth and innovation. As of October, seventeen Chinese companies raising a total of $405 million started trading on U.S. exchanges this year, according to data from IPO research firm Renaissance Capital. Last year's 14 IPOs raised a total of $468 million. VCI Global Limited (NASDAQ: VCIG), Tencent Holding Ltd. (OTC: TCEHY), Lufax Holding Ltd (NYSE: LU), Qifu Technology, Inc. (NASDAQ: QFIN)

Key Points: 
  • NEW YORK, Dec. 4, 2023 /PRNewswire/ -- Despite regulatory challenges and geopolitical tensions, there is a sustained interest among Chinese companies in listing on U.S. stock exchanges.
  • VCI Global Limited (NASDAQ: VCIG), Tencent Holding Ltd. (OTC: TCEHY), Lufax Holding Ltd (NYSE: LU), Qifu Technology, Inc. (NASDAQ: QFIN)
    This ongoing interest, despite regulatory and geopolitical headwinds, underscores the strategic importance and perceived benefits of U.S. listings for Chinese companies.
  • "During the quarter, despite the macro uncertainty, we continued to improve our operational efficiency and drive for better economic returns.
  • Meanwhile, we are continuing to strengthen our commercialization efficiency by integrating advertising solutions and live broadcasting across our content ecosystem.

Global Times: Esports sector enters era of globalization as China welcomes international players

Retrieved on: 
Thursday, November 30, 2023

Athletes from South Korea, Japan, Singapore, Russia, and China, among other international athletes have been vying for titles at the ongoing 2023 TGA Tencent Esports Games Winter Finals in Beijing.

Key Points: 
  • Athletes from South Korea, Japan, Singapore, Russia, and China, among other international athletes have been vying for titles at the ongoing 2023 TGA Tencent Esports Games Winter Finals in Beijing.
  • Gu Sijia, director of the Tencent interactive entertainment esports department, told the Global Times on Wednesday that this year's event has become more globalized.
  • As the International Olympic Committee looks to create an Olympic esports games, Mao believes that a mentality of openness will help China stay competitive on the international stage.
  • In addition to developing Chinese intellectual property, an international vision is crucial for China to expand its influence in the global arena, Mao noted.

Zhang Yu with Tencent Health: AI-Driven Customer Interaction Solution NGES Effectively Supports Pharmaceutical Enterprises' Smart Operations

Retrieved on: 
Wednesday, November 29, 2023

In 2023, Tencent released NGES, a new-gen customer interaction solution catering to Health Care Professionals (HCP), marking another milestone in the digital practice of the pharmaceutical industry.

Key Points: 
  • In 2023, Tencent released NGES, a new-gen customer interaction solution catering to Health Care Professionals (HCP), marking another milestone in the digital practice of the pharmaceutical industry.
  • Zhang Yu, Vice President of Tencent Health and the initiator of the NGES project, has witnessed all these changes.
  • Zhang Yu and his team at Tencent Health have astutely perceived that Tencent has the opportunity to excel in this untapped market space.
  • Zhang Yu stated that Tencent Health has mapped out a well-defined plan for the future development of the NGES customer interaction management platform in three years to come.

Cloud Gaming Market is Forecast to Reach US$ 10.5 Billion in 2027, Says Stratview Research

Retrieved on: 
Monday, November 27, 2023

DETROIT, Nov. 27, 2023 /PRNewswire/ -- Stratview Research, a global market research firm has launched a report on the global cloud gaming market which provides a comprehensive analysis of the global and regional industry forecast, current & emerging trends, segment analysis, and competitive landscape.

Key Points: 
  • The global cloud gaming market is segmented based on streaming type, device type, genre type, gamer type, and region.
  • Furthermore, a paradigm shift from console and disc-based gaming to cloud-based gaming ensures a massive demand for cloud gaming platforms in the coming years.
  • The report suggests that Asia-Pacific held more than 35% market share in 2021 and is expected to remain the largest market for cloud gaming over the forecast period.
  • For Customization or Any Other Queries, Get in Touch with Our Industry Experts at [email protected]
    Top 5 Companies in the Cloud Gaming Market?

Cloud Gaming Market is Forecast to Reach US$ 10.5 Billion in 2027, Says Stratview Research

Retrieved on: 
Monday, November 27, 2023

DETROIT, Nov. 27, 2023 /PRNewswire/ -- Stratview Research, a global market research firm has launched a report on the global cloud gaming market which provides a comprehensive analysis of the global and regional industry forecast, current & emerging trends, segment analysis, and competitive landscape.

Key Points: 
  • The global cloud gaming market is segmented based on streaming type, device type, genre type, gamer type, and region.
  • Furthermore, a paradigm shift from console and disc-based gaming to cloud-based gaming ensures a massive demand for cloud gaming platforms in the coming years.
  • The report suggests that Asia-Pacific held more than 35% market share in 2021 and is expected to remain the largest market for cloud gaming over the forecast period.
  • For Customization or Any Other Queries, Get in Touch with Our Industry Experts at [email protected]
    Top 5 Companies in the Cloud Gaming Market?

Music Streaming Market size to grow by USD 31.10 billion from 2022 - 2027 |The increasing preference for music streaming services to drive the market growth - Technavio

Retrieved on: 
Friday, November 24, 2023

Moderate growth is expected in the free music streaming market.

Key Points: 
  • Moderate growth is expected in the free music streaming market.
  • Music Streaming Market 2023 – 2027: Market dynamics
    Smart speakers from various manufacturers like Samsung, SONOS, Apple, Sony, and Xiaomi offer multi-room streaming capabilities and voice-controlled access to music libraries.
  • Features such as voice control, multi-room listening, and integration with music subscriptions like Apple Music signify the impact of smart speakers on the music streaming market.
  • The emergence of smart speakers is expected to be a key trend driving growth in the global music streaming market.

Baozun Announces Third Quarter 2023 Unaudited Financial Results

Retrieved on: 
Wednesday, November 22, 2023

SHANGHAI, Nov. 22, 2023 /PRNewswire/ -- Baozun Inc. (Nasdaq: BZUN and HKEX: 9991) ("Baozun", the "Company" or the "Group"), a leading brand e-commerce solution provider and digital commerce enabler in China, today announced its unaudited financial results for the third quarter ended September 30, 2023.

Key Points: 
  • SHANGHAI, Nov. 22, 2023 /PRNewswire/ -- Baozun Inc. (Nasdaq: BZUN and HKEX: 9991) ("Baozun", the "Company" or the "Group"), a leading brand e-commerce solution provider and digital commerce enabler in China, today announced its unaudited financial results for the third quarter ended September 30, 2023.
  • Mr. Vincent Qiu, Chairman and Chief Executive Officer of Baozun, stated, "I am pleased that Baozun Group is collectively demonstrating significant progress in our transformation efforts.
  • This marks the first third quarter since our IPO that Baozun achieved positive operating cash flow, largely driven by business optimization, cost reduction, and improved working capital efficiency.
  • Gross profit margin of product sales for BBM in the third quarter of 2023 was 55.5%, further improved from previous quarters.

Middle East and North Africa Data Center Market Investment to Reach $8.38 Billion by 2028 - Arizton

Retrieved on: 
Tuesday, November 21, 2023

Despite all these, each country demands investment in data centers as the digitalization and advancement in IT/Telecom/Financial sectors are causing huge data generation.

Key Points: 
  • Despite all these, each country demands investment in data centers as the digitalization and advancement in IT/Telecom/Financial sectors are causing huge data generation.
  • Major global cloud service providers, including Amazon Web Services, Tencent, Microsoft, Google, Alibaba, Oracle, and Huawei Technologies, have a presence in the Middle East and North Africa (MENA) data center market.
  • The Middle East and North Africa data center market is making substantial investments in the power infrastructure, ensuring a minimum of N+1 redundancy.
  • The Middle East and North Africa data center market has witnessed a notable trend in deploying data centers with Tier III and IV certifications during the design and construction phases.