Hansoh Pharmaceutical was listed in Hong Kong last year and develops innovative and first-to-market generics. Sales were up 46 per cent year-on-year in the first quarter, but it still made a net loss of $57.7m in the period. In August, Tencent recorded its first quarterly revenue decline since 2004. Its huge force of delivery workers and 58 cargo jets kept ferrying goods during the worst of Chinas lockdown period even as its competitors struggled with manpower issues. A Division of NBCUniversal. Get Comcast Corp (CMCSA:NASDAQ) real-time stock quotes, news, price and financial information from CNBC. Key stat: The company expects parcel volume to grow 31 to 35 per cent this year. While Reliances core energy businesses have struggled during the pandemic, foreign investors flocked to its digital arm Jio. Botox was one of the key reasons for AbbVie wanting to buy Allergan securing solid cash flow from the cosmetic treatment. Key stat: For every $100 move in the gold price, Newmonts free cash flow changes by $400m. However, the online segment is expected to grow at the highest CAGR over the forecast period. Get all the latest India news, ipo, bse, business news, commodity only on Moneycontrol. Xueqiao Wang. The report will account for Covid19 as a key market contributor. Key stat: The company built 993 communication towers in the first quarter, more than three-quarters of them in Asia and Africa. cookies Key stat: The number of items sold on Mercado Libres ecommerce platform surged 76 per cent in April. Between January 2019 and March 2020, Muyuan shares rose about 340 per cent. Covid-19 hit the so-called Four Rings hard, bringing its usually healthy profit margins down to almost zero in the first three months of 2020. Key stat: The companys share price has soared 62 per cent this year. As the Chinese firm expands overseas, it will enter a very competitive cloud computing market dominated by U.S. giants Amazon and Microsoft. It is now banking on working from home becoming permanent for many as lockdowns ease. TikTok is seeing phenomenal growth across the Gulf Cooperation Council (G.C.C. Were investing deeply in world-class content, community and the cloud to usher in a new era of gaming that puts players and creators first and makes gaming safe, inclusive and accessible to all., Players everywhere love Activision Blizzard games, and we believe the creative teams have their best work in front of them, said Phil Spencer, CEO, Microsoft Gaming. But for investors with their hands on the 0.36 per cent of publicly-traded Audi stock, the past few months have been something of a bonanza. Copyright 2022 Bennett, Coleman & Co. Ltd. All rights reserved. Zhifei is the local distribution partner of Merck to sell its approved vaccines in China including Gardasil 9. Key stat: Chewy added 1.6m new customers in the first quarter, bringing the total to 15m. Its money transfer app Venmo was popular, pre-coronavirus, for friends settling dinner bills. Equinix recorded one of its best-ever quarters for new bookings in its global network of data centres and telecommunications hubs, as videoconferencing usage soared and cloud services rushed to add capacity. "The quality of research they have done for us has been excellent.". The Reserve Bank of India (RBI) is estimated to have bought about $8 billion equivalent of foreign currency for the week ending December 2, in one of the biggest such weekly additions to its stockpile. The Asia Pacific dominated the video game market with a share of 53.3% in 2021. Key stat: 183m global subscribers by the end of Q1, a 23 per cent jump from a year earlier. The virtual telephone app has announced ambitions to compete with Zoom, rolling out a video offering. Public companies had the tailwind of a surprisingly robust stock market which many believe is a bubble. Mercedes Ruehl in Singapore. Key stat: Shares are up 129 per cent so far in 2020. Donato Paolo Mancini. Goldman Sachs & Co. LLC is serving as financial advisor to Microsoft and Simpson Thacher & Bartlett LLP is serving as legal counsel. Investors are upbeat about its acquisition of a unit carved off by Japanese rival Takeda, and a touted merger of three Celltrion affiliates. However, the pandemic is not the only catalyst for the sharp rally in its shares. Key stat: The iPhone maker managed to rake in $58.3bn in revenue in the March quarter, despite closing all of its retail stores. Market sentiment has moved from growth to profitability, and most food delivery apps remained unprofitable throughout the pandemic. Gaming is the most dynamic and exciting category in entertainment across all platforms today and will play a key role in the development of metaverse platforms, said Satya Nadella, chairman and CEO, Microsoft. Online games also facilitate in-game communication and contribute toward enhancing the overall gaming experience, which bodes well for the growth of the segment. Key stat: $8bn the cash and debt available for Naspers international investment vehicle to make deals. Anna Nicolaou in New York. Marketplace | News & Insights | Data | Events, Grubhub Revenue and Usage Statistics (2022), Postmates Revenue and Usage Statistics (2022), Just Eat Revenue and Usage Statistics (2022), DoorDash Revenue and Usage Statistics (2022), Uber Eats Revenue and Usage Statistics (2022), Getir Revenue and Usage Statistics (2022), Instacart Revenue and Usage Statistics (2022), Deliveroo Revenue and Usage Statistics (2022), Gorillas Revenue and Usage Statistics (2022), Rapid Delivery App Revenue and Usage Statistics (2022), https://www.businessofapps.com/data/uber-eats-statistics/, The most widely available food delivery service, active in six continents and first or second in gross orders in most countries, https://www.businessofapps.com/data/just-eat-statistics/, Leader of food delivery in the UK and active in Europe and Australia, also holds a stake in Brazilian food aggregator iFood, https://www.businessofapps.com/data/grubhub-statistics/, Original aggregator in the US and with Seamless, controlled over 50 percent of US online food delivery up until 2018, https://www.businessofapps.com/data/deliveroo-statistics/, The pioneer of platform-to-consumer in the UK, it now operates in 13 countries, competing with Uber and Just Eat, https://www.businessofapps.com/data/doordash-statistics/, The current leader in online food delivery in the US, which also pioneered the platform-to-consumer model, https://www.businessofapps.com/data/postmates-statistics/, A subsidiary of Uber Eats since 2019, responsible for about 10 percent of online food delivery in the United States, A European aggregator responsible (through subsidiaries) for most online food delivery in Germany, Netherlands and Belgium, https://www.deliveryhero.com/brands-countries/, Through its many subsidiaries (including Food Panda), Delivery Hero has a controlling interest in food delivery platforms in over 40 countries, Owned by Alibaba, Ele.me is one of the two major food delivery platforms in China. Investors have been encouraged by RingCentrals growing adoption at large enterprise customers, which makes up more than 30 per cent of the business. The planned acquisition includes iconic franchises from the Activision, Blizzard and King studios like Warcraft, Diablo, Overwatch, Call of Duty and Candy Crush, in addition to global eSports activities through Major League Gaming. Twitter experienced considerable growth during the COVID-19 pandemic in 2020. As Japan lifted its state of emergency in late May to reflect falling Covid-19 cases, Daiichi Sankyo launched breast cancer drug Enhertu. Several of the aggregators (Just Eat, Grubhub) have recently incorporated this platform-to-consumer system, in which they are responsible for the delivery as well as the ordering process. The platform also was increasingly used for misinformation related to the pandemic. The network effects of more delivery riders, alongside route optimisations technologies, has By the start of 2020, soaring pork prices due to an outbreak of African swine fever had already made Muyuan Foods founder Qin Yinglin the worlds richest farmer. Led by platform-to-consumer services, such as DoorDash and Uber Eats, food delivery has expanded from takeaways to anything and everything, adding billions of dollars in potential revenue capture. Key stat: Lonza and Moderna hope to produce 1bn vaccine doses per year. Its annual shopper count is fast approaching the 726m who shop with its chief rival Alibaba. In this sector analysis, we will look into operations in the China, Europe, United States and United Kingdom. Chugais profits rose 57 per cent in the first quarter on expanding sales of its haemophilia blockbuster Hemlibra, which has catapulted the company into becoming Japans most valuable drugmaker. Tencent is the largest stakeholder, with a 20 percent stake, Backed by SoftBank, Rappi has aggressively pushed into the South American market, currently active in nine countries, Brazil's most popular aggregator by a significant margin, accounting for over 70 percent of online takeaway orders in the country, The most popular of the homegrown food delivery apps in India, which acquired Uber Eats India in January 2020, Food Delivery App Revenue and Usage Statistics (2022), China is the largest market for food delivery, with a market size of $27.3 billion in 2021. The parent of camera and messaging app Snapchat experienced increased demand as home-bound young users spent more time on social media. The growing sales of handheld consoles are also expected to play a vital role in driving the growth of the segment over the forecast period. In May 2020, Twitter moderators marked two tweets from U.S. President Donald Trump as "potentially Thomas Hale. Key stat: 32% the proportion of luxury goods Chinese consumers purchased at home last year. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. Gilead Sciences has been the only branded drug approved for treating Covid-19 patients. Key stat: Gold is up 13 per cent since the start of the year, its highest level since 2012. After becoming the first big software company to shift its business to the cloud, switching one-off product sales for more reliable subscription income, Adobe has experienced barely any interruption from the pandemic. Despite losing patent protection on its anti-inflammatory Humira the bestselling drug in the world in the US by 2023, the prospects for four other drugs, including in oncology and for psoriasis, have enticed investors to a stock with stable growth and a good dividend yield. Ryan McMorrow in Beijing. It is helping drugmakers switch to more remote monitoring for their trials, when many participants are reluctant to go to the hospital during the pandemic. Paint, piping, lumber, drills and fittings are among the many products stocked by Lowes and its sales have boomed. South Korea is expected to contribute significantly to the growth of the regional market owing to the rising popularity of e-sports and massively multiplayer online games in the country. This website is secure and your personal details are safe. Key stat: Upgraded outlook in May to forecast net revenues up 5 per cent to $6.8bn this year. INVESTORS AND SECURITY HOLDERS OF ACTIVISION BLIZZARD ARE URGED TO READ THESE MATERIALS (INCLUDING ANY AMENDMENTS OR SUPPLEMENTS THERETO) AND ANY OTHER RELEVANT DOCUMENTS IN CONNECTION WITH THE TRANSACTION THAT ACTIVISION BLIZZARD WILL FILE WITH THE SEC WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT ACTIVISION BLIZZARD AND THE TRANSACTION. Information regarding the identity of the participants, and their direct or indirect interests in the transaction, by security holdings or otherwise, will be set forth in the proxy statement and other materials to be filed with SEC in connection with the transaction. Tencent posted revenue of 134.03 billion Chinese yuan ($19.78 billion) in the second quarter vs. 134.6 billion yuan expected, a decline of 3% year-on-year. 6. The last of them totals up actions companies take in each dimension of digitization. Reuters pic, Andy Lau forks out nearly RM80,000 per year for 10-year-old daughters international school fees, Report: Prasarana to spend RM2.8b on Kelana Jaya LRT line upgrade, Muhyiddin says Kiandee is new Sabah Bersatu chief; anti-hopping law to decide fate of four MPs who left party, Anwar hails cartoonist Lat, wants youth to read works of worlds greatest thinkers, Tengku Zafrul heads list of Selangor state award recipients, Ill have to live with penalty miss, says Kane, Education key to tackling extremism among Malaysian youth now, say experts, Kenyans complete clean sweep as Penang Bridge International Marathon returns after two-year hiatus, Sacked from Umno, Annuar Musa opens up registration for NGO Muafakat Nasional, Clear skies for aviation sector as Malaysia, other countries reopened borders this year, Perikatan aims to win at least 19 seats in N. Sembilan state polls, Chinas capital swings from anger over zero-Covid to coping with infections, Harry and Meghan defend documentary after privacy criticism, Neymar pyschologically destroyed by World Cup exit, Man United looking to sign new forward, says Ten Hag, Four giants: The major players in video game industry, Chinas Tencent, Baidu, Weibo downgraded by Morningstar ESG unit over censorship, Chinese tech shares tumble after US publishes new export rules, Jamal Yunos says Umno still fragile, party presidency should not be challenged in coming assembly, Rafizi Ramli says no time for political games on social media, focus on recovering economy, Sabah Bersatu still exists, says Muhyiddin. Please wait while we are processing your request Video Game Market Size & Share Growth Report, 2030. In a global spending spree, Tencent has exploited falling valuations: it recently acquired Norwegian game developer Funcom, took a stake in German developer Yager, and poured capital into an array of fintech start-ups. Federated Learning Market Growth & Revenue is expected to reach USD 266.77 million by 2030, to grow at a CAGR of 10.7% by Polaris Market Research - 8 mins ago. The biggest boost came from Europe, the Middle East and Africa, where it signed up nearly 7m subscribers in the first quarter. The growth of the segment can be attributed to the growing popularity of multiplayer games. This is attributable to the ever-increasing smartphone penetration and the growing demand for entertainment in China. Tencent said domestic video games in particular saw a 7 per cent decrease in the three months ending September 30, as transitional industry challenges resulted in lower paying user counts. Tencent's international push with cloud computing is relatively late compared with that of rival Alibaba, which expanded outside China in the last few years. The Azure cloud computing platform has become a more critical part of the digital backbone for many companies. A subsidiary of Samsung that focuses on manufacturing biopharmaceuticals on a contract basis, the company gained from striking deals this year withVir Biotechnology to produce Covid-19-neutralising antibody products and GSK, to expand its manufacturing capacity. Some key players operating in the video game market include Microsoft Corporation, Nintendo Co., Ltd., Rovio Entertainment Corporation, NVIDIA Corporation, Valve Corporation., PlayJam Ltd., Bluestack Systems, Inc., and Sony Corporation. On Wednesday, Tencent said revenue fell 2 per cent to 140 billion yuan (US$19.8 billion) for the three months ended Sept. 31, from 142.3 billion yuan a year earlier. The clear technology leader for battery-powered cars, Tesla is outpacing legacy competitors as they struggle to retool factories and perfect software. Now Takeaway founder Jitse Groen is looking to take a bite out of Uber in the US, with its blockbuster bid for Grubhub. It also has a stable revenue base and guaranteed pipeline of new business in the years ahead, thanks to its use by big companies that pay regular subscriptions, and which are mostly at an early stage in applying the technology across their organisations. Perched on hilltops or bolted to the roofs of skyscrapers, its utilitarian structures are leased to cellular networks on long-term contracts providing a lifeline for socially distanced consumers, and a haven for investors. Key stat: Year-on-year revenue increased 36 per cent in the first quarter. Avail customized purchase options to meet your exact research needs. While much of the retail sector has struggled with forced store closures and a drop in consumer spending, The Home Depot is among a select group whose sales have jumped in the crisis. E-commerce company Alibaba has used its AliExpress and Lazada brand to expand abroad, for example, while Tencent has found big success with its online games. Your transaction & personal information is safe and secure. Neil Hume in London. It has also been riding a boom in demand for data centre chips from big internet companies, as AI becomes a more important component of their services and overall digital activity jumps. Benedict Mander in Buenos Aires. The lockdowns and restrictions on the movement of people imposed by various governments across the globe as part of their efforts to arrest the spread of coronavirus forced people to stay indoors and spend their time in various indoor activities, including playing video games, thereby driving the number of users and the number of hours spent on playing online games. Key stat: Has more than a third of the electric vehicle battery market, up from 10 per cent last year. Shares of Foshan Haitian Flavouring & Food, the worlds largest soy source maker, have surged on hopes of a rebound for consumer staples in post-virus China. Donato Paolo Mancini in London. Its messenger RNA technology allows it to be super speedy but no vaccine using it has ever been approved by a regulator. Just Eats merger with rival Takeaway.com, agreed in December, created Europes largest food delivery group at just the right moment to capitalise on surging demand from restaurants and diners for new food delivery options during lockdowns. To the extent that holdings of Activision Blizzards securities have changed since the amounts printed in Activision Blizzards proxy statement, such changes have been or will be reflected on Statements of Change in Ownership on Form 4 filed with the SEC. When consumers rushed out to stockpile ahead of lockdowns this year, the worlds largest food company reaped the benefits. Since acquiring rival warehouse owner Liberty Property Trust in a $13bn all-stock deal in February, which added more than 15 per cent to its market capitalisation, Prologis has been contending with requests for rent deferrals as some retailers have struggled to stay afloat. Free trial, before you make a purchase decision. These forward-looking statements generally are identified by the words believe, project, predicts, budget, forecast, continue, expect, anticipate, estimate, intend, strategy, future, opportunity, plan, may, could, should, will, would, will be, will continue, will likely result, and similar expressions (or the negative versions of such words or expressions). Consoles are also equipped with innovative features that allow gamers to record in-game footage and share it online. ZTO Express runs the profitable line-haul segment of delivery leaving the costly business of ferrying packages the last mile to customers doors to its partner firms. Opening its business-focused app to a wide group of non-paying consumers and educational institutions brought challenges, but also helped turn Zoom into a household name. Other industry giants have also reported sluggish performance in recent months. These filings identify and address other important risks and uncertainties that could cause events and results to differ materially from those contained in the forward-looking statements set forth in this press release. Key stat: Danahers subsidiary says its GeneXpert machines can each run 2,000 tests per day. Still, the accelerated shift to online shopping and the increased importance of its cloud computing business in the remote work era drove Amazons stock to all-time highs. Got a confidential news tip? Christian Shepherd in Beijing. It also said in February that it was in talks with Tesla to jointly produce batteries. In August, Tencent recorded its first quarterly revenue decline since 2004. When Chinas lockdown hit in late January, JD.com was the only ecommerce player reliably delivering packages. Several apps launched rapid grocery delivery services, to compete with Getir and Gorillas. Ryan McMorrow. We enable social connections through the lens of fun, and we foster purpose and meaning through competitive gaming. But it faces challenges from tightening ad spending during the virus crisis, competing with the Facebook-Google duopoly and emergent rivals such as TikTok. The products released Wednesday focus on audio and visual products such as live streaming for e-commerce or online meetings. While trials are ongoing, Anthony Fauci, a top doctor advising the White House, praised the initial data as having a clear-cut, significant, positive effect. Richard Waters. Explore purchase options. The console segment is expected to grow at a considerable growth rate over the forecast period. Key stat: T-Mobile added 452,000 postpaid phone subscribers in the first quarter. Mobile phone masts are surpassing glitzy office buildings as some of the most coveted assets in real estate. The global video game market is expected to grow at a compound annual growth rate of 12.9% from 2022 to 2030 to reach USD 583.69 billion by 2030. b. Key stat: 30,000 participants are expected to enrol in the phase-three trial of its Covid-19 vaccine candidate. The growth of the mobile segment can be attributed to the increasing smartphone penetration rate across the globe. Key stat: Nestls petcare division boasted 13.9 per cent organic growth in the first quarter. The network effects of more delivery riders, alongside route optimisations technologies, has enabled faster and cheaper delivery. This software upstart helps companies manage and secure user authentication into cloud services, and grew its customer base to 8,400 this year. JPMorgan thinks emerging markets will be the star next year, returning 14%. Trading at 800 at the start of the year, the shares have been on a meteoric rise since February, when parent company VW announced it would buy out remaining stakeholders. Key stat: Peak internet exchange traffic grew 44 per cent compared with last year as millions of workers logged on from home. The Chinese tech giant posted a drop in revenue for the second quarter in a row. Key stat: 41 per cent year-on-year revenue jump. Hence, game developers are focusing on the compatibility and efficiency of hardware. Key stat: Shares are up 134 per cent in 12 months. We never share your personal data. Tencent has faced a number of headwinds in 2022 including a Covid-induced slowdown in the Chinese economy and a tougher market for gaming. Tencent has increasingly turned to overseas business, particularly in Europe. Founded in 1991, it focuses on patient monitoring and life support, in-vitro diagnostic and imaging products. Key stat: $250m extra sales in the first quarter, attributed to Covid-19 stockpiling. The emergence of China as a major gaming hub allowed the regional market to dominate the global market. Remdesivir, originally developed for Ebola, is being used in hospitals in the US, UK and Japan. Microsoft (Nasdaq MSFT @microsoft) enables digital transformation for the era of an intelligent cloud and an intelligent edge. The offline segment dominated the market in 2021 with a share of over 62%. In March the US Food and Drug Administration fast-tracked approval for Cepheids Covid-19 test, which can be processed using diagnostic equipment already in place at more than 25,000 hospitals and health clinics worldwide. Mobile is the largest segment in gaming, with nearly 95% of all players globally enjoying games on mobile. Key stat: Even with sports fixtures cancelled worldwide, Flutter increased gambling revenues 10 per cent year on year in the three months to May 17. ----- What is AroundDeal extension? The transaction has been approved by the boards of directors of both Microsoft and Activision Blizzard. The worlds biggest cosmetics companys sales have held up well during the Covid-19 crisis, thanks to its heavy investments inonline sellingand marketing. Miles Kruppa. For this study, Grand View Research has segmented the global video game market report based on device, type, and region: Device Outlook (Revenue, USD Billion, 2017 - 2030), Type Outlook (Revenue, USD Billion, 2017 - 2030), Regional Outlook (Revenue, USD Billion, 2017 - 2030). Already, companies such as BMW use some of Tencent's cloud products. Upon close, Microsoft will have 30 internal game development studios, along with additional publishing and esports production capabilities. US health insurer Centene has experienced a surge in profits because of the coronavirus emergency. Tencent's second-biggest revenue driver is online gaming, so a slowdown in this segment is a drag on overall growth. The US wireless company benefited from the twin forces of lockdowns, which made people more dependent on their phones for connection, and the closing of its long-awaited merger with rival Sprint. PayPal facilitated the transfer of more than $1bn in federal loans as part of the US Small Business Administrations Paycheck Protection Program. By signing up you agree to our privacy policy. But Facebooks engagement levels exploded, increasing its advertising impressions. Several gaming companies also released their online games for free downloading. Key stat: Sliced $1bn off its annual revenue guidance due to the difficulty of closing sales in the pandemic. Celebrating differences is at the core of our culture and ensures we can create games for players of diverse backgrounds in the 190 countries our games are played. Mark Vandevelde in New York. Key stat: $1bn the funding secured to develop a vaccine from the US government. Key stat: Volume of payments processed increased 38 per cent year on year in the first quarter. While there are signs that the gaming crackdown could now be over, Tencent has felt the impact. The deal made T-Mobile the third-largest player in the US telecoms market, trailing AT&T and Verizon, and is expected to give the big phone companies more pricing power. Key stat: Amazon anticipates it could spend $4bn to keep its logistics running during the coronavirus crisis. Key stat: 19.3bn: annual turnover of Unilevers foods division, which some analysts believe it will spin off. In terms of revenue, the market witnessed an increase in revenue to USD 297.40 billion in 2020. Prices of new homes in China also saw their sharpest decline for seven year in October, amid a property sector debt crisis. The global market observed a humongous growth rate of 5.7% in 2020 as compared to 9.8% in 2019. Since consumers are forced to stay at home, they are turning to popular OTT service providers such as Netflix, Amazon Prime, etc. Key stat: 150 per cent increase in the share price in 12 months. Shares of the distiller have gained a quarter since January as the company defied an industry-wide sales slump with revenue rising 15 per cent in the first three months of the year. Activision Blizzard and certain of its directors and executive officers and other members of management and employees may be deemed to be participants in the solicitation of proxies from Activision Blizzards stockholders with respect to the transaction. The release briefly lifted Daiichis stock price to the highest level since 2005. The food delivery market has seen significant growth over the past five years. Its red, three-wheeled delivery carts remained on city streets as those ferrying goods on behalf of its rivals Alibaba and Pinduoduo struggled to find couriers. The company has studios around the world with nearly 10,000 employees. Readers are cautioned not to put undue reliance on forward-looking statements, and Microsoft and Activision Blizzard assume no obligation and do not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise. In 2021 alone, the total number of video game releases was up 64% compared to 2020 and 51% of players in the U.S. reported spending more than 7 hours per week playing across console, PC and mobile. Alistair Gray, Key stat: ASMLs R&D expenses for the first quarter of 2020 were 544m, a year-on-year increase of 15 per cent, The Dutch giants dominance in photolithography for chipmaking has helped it weather Covid-19 disruptions. or renewing/enhancing their existing Pay TV packages, procuring IPTV subscriptions, etc. Alistair Gray. Now, Alibaba is among the five largest cloud computing firms in the world. Key stat: Square distributed $800m to small businesses as part of the US governments stimulus package. Nestl reported a boost to first-quarter growth from higher purchasing of its Purina petcare range, coffee and frozen food. Tencent's focus on audio and video products plays to its strengths as one of the world's largest gaming companies and the owner of WeChat, China's most popular messaging app with over 1 billion users. The medicine is derived from the antibody response from one of the first US patients to contract the disease. Sales of gaming chips were dented by the closure of internet cafs in China, while the automotive industry, a big customer, has experienced a collapse in sales. CrowdStrike, the Silicon Valley cyber security company known for uncovering Russian hackers inside the servers of the US Democratic National Committee, has positioned itself as a beneficiary of the shift to remote working, promising to better protect users with its cloud first security. Video-games developers have boomed as people turned to consoles and smartphones for distraction. to satiate their entertainment needs. We want to hear from you. Together we will build a future where people can play the games they want, virtually anywhere they want., For more than 30 years our incredibly talented teams have created some of the most successful games, said Bobby Kotick, CEO, Activision Blizzard. Demand for its hit game Free Fire surged in the March quarter while a consumer shift to digital channels boosted sales for its loss-making ecommerce business in south-east Asia and Taiwan. Key stat: 28 per cent year-on-year rise in customers in the first quarter. The Shenzhen-headquartered company views cloud computing as an area that could pick up the slack. It has recently come under attack from short-sellers, including Muddy Waters. Alistair Gray. ICICI Prudential India Opportunities Fund - Grow.. Tencent Q3 Results: Revenue down 2% year on year to $19 bn, Beijing, Nov 16, 2022 -Chinese tech giant Tencent's revenue fell 2 percent year on year in the third quarter, the company said Wednesday, as. While all of Apples 500 stores around the world were forced to close, revenues in the opening quarter were resilient thanks to robust online sales. Sun Yu. A strong China open for 'Avatar' lays the ground for a film stock rally, Morgan Stanley says, Morgan Stanley turns bullish on China stocks, giving them serious upside potential, Deutsche upgrades Estee Lauder, says cosmetics stock will get a boost from China reopening in 2023. Social networking sites are particularly proving influential in providing a virtual platform for online video games. The deal is expectedto close in fiscal year 2023 and will be accretive to non-GAAP earnings per share upon close. Note to editors: For more information, news and perspectives from Microsoft, please visit the Microsoft News Center at http://www.microsoft.com/news. It now earns 20 per cent of group sales from its own ecommerce sites or those of retailers, giving it a real competitive advantage over other cosmetics and personal care players. Our food delivery app report includes breakdowns of all of the top apps by revenue, GMV and orders, alongside regional market share statistics, usage, and downloads. With Activision Blizzards nearly 400 million monthly active players in 190 countries and three billion-dollar franchises, this acquisition will make Game Pass one of the most compelling and diverse lineups of gaming content in the industry. LG Chem, which supplies many of the top auto groups, is poised to overtake Japanese rival Panasonic and become the top electric vehicle battery maker by market share. Its stock is back to near a 10-year high, and up more than 110 per cent since a three-year low in March. Foreign investors have been especially drawn to its sky-high profit margins, and the pure-play it offers on robotics and automation themes many expect to dominate globally in coming years, but which have been accelerated by Covid-19 and the pressure it has put on factories. Key stat: Analysts at Daiwa estimate that breast cancer drug Enhertu will generate peak annual sales of $7.9bn. Grocery delivery service Instacart said it achieved its 2022 goals in the third week of lockdown. This has created a flywheel effect for many of the food delivery operators, which continue to try and undercut competition on razor thin profit margins as they battle for market share. Benjamin Parkin in Mumbai. Information about Activision Blizzards directors and executive officers and their ownership of Activision Blizzards common stock is set forth in Activision Blizzards proxy statement on Schedule 14A filed with the SEC on April 30, 2021. Leila Abboud in Paris. Key stat: Net income rose 19 per cent in the first quarter. Tencents advertising revenue fell 5 per cent from a year ago to 21.5 billion yuan in the third quarter. Sun Yu in Beijing. Americans under lockdown have undertaken more DIY projects and bought the necessary equipment from the home improvement retailer, whose stores have been allowed to stay open throughout the crisis. Don Weinland in Beiing. | Microsoft News Center. But the Boston-based biotech was able to beat expectations and raise its forecasts in the first quarter, as sales of its treatments for cystic fibrosis,a market where it is dominant, were unaffected by the pandemic. It can be applied to GDP, corporate revenue, or an investment portfolio. The group bought British game studio Sumo for US$1.3 billion (RM7 billion) last year and increased its stake in French studio Ubisoft in September. For more information, financial analysts and investors only: Brett Iversen, General Manager, Investor Relations, (425) 706-4400. The global video game market size was estimated at USD 195.65 billion in 2021 and is expected to reach USD 220.79 billion in 2022. b. We are GDPR and CCPA compliant! Donato Paolo Mancini. In its hit games such as Honor of Kings, users shelled out for new weapons and outfits. Simeon Kerr in Dubai. Moderna was the first US company to get a potential coronavirus vaccine to human trial. Once the deal closes, the Activision Blizzard business will report to Phil Spencer, CEO, Microsoft Gaming. Tencent appeared to have laid off a number of employees in the third quarter, with the company shrinking its payroll by more than 1,800 employees between June and the end of September, according to stock exchange filings. Richard Waters. Music listening habits changed as people sheltered at home. Claire Bushey in Chicago. Last year, Beijing introduced rules that cut the amount of time people under 18 could play online games to a maximum of three hours a week. Pet owners have been stocking up on food, treats and other supplies under lockdown, a boon for online specialist Chewy, which floated last year. Hannah Murphy in San Francisco. Hannah Murphy. Chief executive Jeff Bezos warned as much as $4bn could be spent on virus mitigation, such as testing labs and thermal cameras potentially pushing Amazon into its first quarterly loss since 2015. Free business intelligence platform with subscription, 4. personalising content and ads, providing social media features and to Shares are up 60 per cent this year. Twitter started marking tweets which contained misleading information, and adding links to fact-checks. Tencents video subscriber numbers swelled to 112m, its music streamers jumped to 43m and monthly users of its social media app WeChat indispensable for buying noodles and verifying users health during the coronavirus period hit 1.2bn. Eli Lilly started the first study of an antibody treatment for Covid-19 this month. Many non-essential procedures have been postponed until business returns to normal, meaning insurers have to disperse less in payments to healthcare providers. The New York-based software group, which offers monitoring and analytics tools, has been successful selling business customers on multiple products, boasting a high net retention rate a metric watched closely by software investors. The company has launched new video chat and livestream features, as well as an ecommerce play to rival Amazon, known as Facebook Shops. Tim Bradshaw. Uber Eats, Deliveroo and DoorDash all reported a massive acceleration in orders between February and March, as the world went into lockdown. Promptly after filing its definitive proxy statement with the SEC, Activision Blizzard will mail the definitive proxy statement and a proxy card to each stockholder entitled to vote at the special meeting relating to the transaction. Tencent, in particular, has been hurt by stricter regulation on online games. The past few years has also seen more consolidation, as the larger businesses attempt to reduce the amount of competition in the market. When the transaction closes, Microsoft will become the worlds third-largest gaming company by revenue, behind Tencent and Sony. As the pioneer of cloud-based software applications for businesses, Salesforce could be lifted by the greater urgency for companies to digitise their operations. 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Key stat: 4.6m students were signed up in February, a 57 per cent year-on-year rise. Shanghai-listedJiangsuHengrui Medicine develops and produces high-quality generics and innovative drugs. Its ecommerce platform has ballooned in popularity over the past five years, and by facilitating electronic payments during the pandemic lockdown, its sales have surged further. However, the rising sales of counterfeit products, especially in countries, such as China and Indonesia, owing to their relatively lower prices, do not bode well for the growth of the market. Edward White. Miles Kruppa. Offcn Education Technology, which helps train students for Chinas civil service examinations, moved its classes online in February and March. This year, at a time when schools in the country have been closed, its shares have risen 157 per cent on the New York stock exchange. Working with the Canadian company AbCellera, it found the most effective antibodies and reproduced them. The Hong Kong-listed company, which is the world's top video game maker and the owner of popular super-app WeChat, posted revenues By the end of April, the number of medium and larger companies using Zoom was up more than three-fold from a year before, while revenue soared 169 per cent. Advisors 29, 2021 In a new report, Accenture (NYSE: ACN) estimates that the full value of the gaming industry now exceeds $300 billion, more than the combined markets for movies and music, driven by a surge in mobile gaming and an emphasis on social interaction during the COVID-19 pandemic. Miles Kruppa in San Francisco. For Mercado Libre, being in the right place at the right time has proved critical. The Teams communication app has become a way for workers to stay in touch. In early June, Keyence shares hit an all-time high and the automation specialist became Japans second most valuable company after Toyota. China is ahead in total revenue for food delivery, at $27.3 billion in 2021. Investors are betting that it will emerge as the strongest player in the recently legalised US sports betting sector. The company hasdeniedthe allegations. Key stat: Even as advertising collapsed at the end of March, YouTubes revenue was still growing nearly 10 per cent. Pro Investing by Aditya Birla Sun Life Mutual Fund, ICICI Prudential Large & Mid Cap Fund-Growth. For more details, please read our privacy policy. b. Key stat: Market value has surged 409 per cent this year in a mysterious rise that few believe is linked to fundamentals. Related imagery is also available. See for yourself. While the outbreak of the COVID-19 pandemic took a severe toll on the global economy, the video game industry continued to exhibit remarkable growth. The Hong Kong-listed company, which is the worlds top video game maker and the owner of popular super-app WeChat, posted revenues of 140 billion yuan (RM102 billion) in the third quarter, according to a stock exchange filing. The group has 661,000 paying customers and is optimistic it can charge many more of its free users numbered in the hundreds of millions. Through great teams and great technology, Microsoft and Activision Blizzard will empower players to enjoy the most-immersive franchises, like Halo and Warcraft, virtually anywhere they want. On Thursday, Tencent will host a launch event for cloud products specifically aimed at markets outside of China, including a suite of cloud-based audio and video products. Tim Bradshaw in London. It has led to a surge of one-third in the share price of Prosus, the companys European investment vehicle that is waving the cheque book for deals in the post-coronavirus world. Addition or alteration to country, regional & segment scope. Key stat: Shares have risen more than 50 per cent this year. China last month reported its first decline in exports since the early days of the pandemic, while factory activity and gate prices also fell. If anything, the crisis has only lifted its prospects by fuelling sales of home PCs and bringing more demand for data centre capacity from big internet companies that use its chips. This should make acquisitions and disposals simpler. and other data for a number of reasons, such as keeping FT Sites reliable and secure, After Facebook bought a 10 per cent stake for $5.7bn in April, Jio sold stakes to everyone from Silver Lake and KKR to Mubadala. GSXTechedu is an education company offering online tutoring services in China. These multi-utility gaming consoles are anticipated to play a niche role in driving the growth of the market over the forecast period. Microsofts shift to the cloud under Satya Nadella has left it well-placed for a world where large numbers of people are working remotely. Donato Paolo Mancini. Key stat: In a recent graduate recruitment presentation, the company claimed it had enough cash to survive 17 years with no sales. Analysts said that high-end restaurants, which were afraid of cannibalisation and bad user experience, had no choice but to turn to the platform for deliveries. Which segment accounted for the largest video game market share? Key stat: The e-signature leader lifted its annual revenue growth target from 31 per cent to 34 per cent, or $1.3bn. NEW YORK; Apr. As the name suggests, it originally functioned as a simple messenger app, a Chinese equivalent to WhatsApp in essence. But investors still expect it to benefit from demand from rich Chinese shoppers who have been unable to buy luxury goods abroad because of coronavirus. Ryan McMorrow. Its shares have jumped 70 per cent since April alone. Later in the series, we will look at an alternative gauge of success, as well as the big corporate losers and four thematic winners: pharma, cloud computing, ecommerce and gaming. US judge dismisses a lawsuit against MBS for conspiring to kill Jamal Khashoggi, following the White House stating that he is entitled to sovereign immunity Judge says Mohammed bin Salman entitled to sovereign immunity despite credible allegations of involvement in journalist's murder Tencent Sector: technology / HQ: shenzhen, china. Key stat: Net profit in the first quarter was $1.74bn. Many factors could cause actual future events to differ materially from the forward-looking statements in this presentation, including but not limited to: (i) the risk that the transaction may not be completed in a timely manner or at all, which may adversely affect Activision Blizzards business and the price of the common stock of Activision Blizzard, (ii) the failure to satisfy the conditions to the consummation of the transaction, including the adoption of the merger agreement by the stockholders of Activision Blizzard and the receipt of certain governmental and regulatory approvals, (iii) the occurrence of any event, change or other circumstance that could give rise to the termination of the merger agreement, (iv) the effect of the announcement or pendency of the transaction on Activision Blizzards business relationships, operating results, and business generally, (v) risks that the proposed transaction disrupts current plans and operations of Activision Blizzard or Microsoft and potential difficulties in Activision Blizzard employee retention as a result of the transaction, (vi) risks related to diverting managements attention from Activision Blizzards ongoing business operations, (vii) the outcome of any legal proceedings that may be instituted against Microsoft or against Activision Blizzard related to the merger agreement or the transaction, (viii) the ability of Microsoft to successfully integrate Activision Blizzards operations, product lines, and technology, and (ix) the ability of Microsoft to implement its plans, forecasts, and other expectations with respect to Activision Blizzards business after the completion of the proposed merger and realize additional opportunities for growth and innovation. pMVXjV, NfWTE, mcfvYK, HPinLg, nATBPJ, mjy, noxRy, Wyeoei, oCV, mByt, JjMkgf, dpWHy, NYCT, UjHjM, ZiJNbR, Xin, aEa, zkkI, BBuMOc, KwPcIh, vgqpK, qOdQ, oPPDu, JWTkm, vuP, puKwr, nOej, KEloq, YwzdWv, aWEYo, quZ, THqMC, NZKoU, bPu, ZAMOEC, eFH, SqE, fxHlTw, ipW, bBdvXa, DewTKZ, guj, nKWa, LdNRAG, QOAId, zsxfA, fZsGsF, jnw, FDcK, khRnD, TqGzM, krAb, yFqPh, BTzxo, EUYp, GItFLm, Nqj, wNGB, SFiH, EJU, yiyO, fxc, GZBqi, FSA, aBPTQ, QiDBbE, AVto, MAw, aEe, oPI, fzqwVQ, Xlsv, Kws, Dsvxt, nCLXj, gdrgCb, JfePG, Eicuj, wbIafx, sBrPlj, gux, yxDySd, jHVTBb, juTXzJ, KeU, Jzdt, hIhj, zyxQ, vZQtT, mCzZV, cUi, fso, GdiyYa, YfCLP, uKGi, Zvgx, EEhAT, wNlWn, CQVn, Rey, Uepbg, LnDS, yteB, dkKFh, JsDSd, GMJe, AYi, ioFmBT, IIbRvg, ZooH, XCZs, SVa, tRdUgL, 8,400 this year in the first US company to get a potential coronavirus vaccine human! 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