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36Kr (EN)

Tencent's gaming revenue year-on-year growth, Q3 2020

Bringing together the latest business insights and trends of China's tech ecosystem.

China Tech

Tencent Holdings Limited is a Chinese multinational investment holding conglomerate whose subsidiaries specialize in various Internet-related services and products, entertainment, artificial intelligence and technology both in China and globally.

Tencent

Creative

The game industry is the economic sector involved in the development, marketing, and monetization of games. It encompasses dozens of job disciplines and its component parts employ thousands of people worldwide.

Gaming

The success of Tencent's blockbuster mobile game Honor of Kings has been a highlight of the quarter.

KEY STAT | Tencent’s gaming revenue grows as fast as during its peak in 2017 | KrASIA

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KEY STAT | Tencent’s gaming revenue grows as fast as during its peak in 2017

Spotlighting Asia&#039;s next wave of innovations.

KrASIA

https://secure.gravatar.com/avatar/2bddd502480722fd382ec92dfe2fcb9f?s=96&d=mm&r=g

Julianna Wu

Parcels handled in China on November 11: 675 million

Alibaba Group Holding Limited is a Chinese multinational conglomerate specializing in e-commerce, retail, Internet and technology. 

Alibaba

E-commerce is the activity of buying or selling of products on online services or over the Internet. 

E-Commerce

Logistics is generally the detailed organization and implementation of a complex operation. In a general business sense, logistics is the management of the flow of things between the point of origin and the point of consumption in order to meet requirements of customers or corporations. 

Logistics

Retail

The State Post Bureau predicts the total parcel volume for Singles' Day to reach 3 billion.

KEY STAT | China couriers handling 26% more parcels during this year's shopping festival | KrASIA

KEY STAT | China couriers handling 26% more parcels during this year&#8217;s shopping festival

China tech stock lose in value: USD 203 billion

JD.com, Inc., also known as Jingdong and formerly called 360buy, is a Chinese e-commerce company headquartered in Beijing.

Fintech is the new applications, processes, products, or business models in the financial services industry, composed of one or more complementary financial services and provided as an end-to-end process via the internet.

Fintech

China's tech giants feel the chill of a tighter regulatory environment.

KEY STAT | Alibaba stocks plunge as antitrust regulation hits Singles' Day | KrASIA

KEY STAT | Alibaba stocks plunge as antitrust regulation hits Singles&#8217; Day

China's "Double 11" sales in 2019: USD 211 billion

Taobao

Tmall

86% of online shoppers in China plan to spend the same, if not more than they did in last year's sales event.

KEY STAT | China's 11/11 shopping event expected to beat 2019 sales record | KrASIA

KEY STAT | China&#8217;s 11/11 shopping event expected to beat 2019 sales record

Evergrande faces investor repayment as high as USD 19 billion

Prop Tech

If a listing is not completed by January 31, 2021, Evergrande will have to buy back USD 19.4 billion in investments.

KEY STAT | Real estate giant Evergrande ends Shenzhen listing plan | KrASIA

KEY STAT | Real estate giant Evergrande ends Shenzhen listing plan

TikTok & Douyin's global revenue, October 2020: USD 115 million

ByteDance or Beijing ByteDance Technology Co Ltd. is a Chinese Internet technology company operating several machine learning-enabled content platforms, headquartered in Beijing. It was founded by Zhang Yiming in 2012. ByteDance's core product, Toutiao, is a popular content platform in China.

Bytedance

Douyin

Kuaishou (Chinese: 快手) is a platform for recording with millions of original fresh videos everyday.

Kuaishou

Tiktok

Live Streaming

With the spread of Internet global accessing (fastest Internet broadband connection TCP with accumulator cables and semi-fast connection), Short Video services have become very popular online. 

Short Video

Approximately 86% of TikTok’s revenue came from Douyin in China.

KEY STAT | Tiktok and Douyin are the top-grossing apps worldwide for the seventh month | KrASIA

KEY STAT | Tiktok and Douyin are the top-grossing apps worldwide for the seventh month

Ant Financial Services Group, formerly known as Alipay, is an affiliate company of the Chinese Alibaba Group. Ant Financial is the highest valued fintech company in the world, and the world's most valuable unicorn company, with a valuation of US$150 billion. 

Ant Group

As for user accounts, Pinduoduo could overtake Alibaba as soon as next quarter.

Alibaba posts better-than-expected earnings but disappoints with tepid user growth | KrASIA

Alibaba posts better-than-expected earnings but disappoints with tepid user growth

Yitu Technology H1 2020 net loss: USD 190 million

In computer science, artificial intelligence (AI), sometimes called machine intelligence, is intelligence demonstrated by machines, in contrast to the natural intelligence displayed by humans and animals.

Deep Tech

China's cash-burning AI companies have encountered difficulties with public fundraising due to blacklisting by the US government.

KEY STAT | US-blacklisted AI company Yitu files for Shanghai IPO | KrASIA

KEY STAT | US-blacklisted AI company Yitu files for Shanghai IPO

"Regulators could use the IPO pause to re-assess the impact Ant may bring to the ecosystem of the Star Market."

Julianna Wu

KEY STAT | Tencent’s gaming revenue grows as fast as during its peak in 2017

KEY STAT | China couriers handling 26% more parcels during this year’s shopping festival

KEY STAT | Alibaba stocks plunge as antitrust regulation hits Singles’ Day

KEY STAT | China’s 11/11 shopping event expected to beat 2019 sales record

KEY STAT | Real estate giant Evergrande ends Shenzhen listing plan

KEY STAT | Tiktok and Douyin are the top-grossing apps worldwide for the seventh month

Alibaba posts better-than-expected earnings but disappoints with tepid user growth

KEY STAT | US-blacklisted AI company Yitu files for Shanghai IPO

Ant’s IPO has to wait for the small loan regulation to be fully implemented, says expert