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Tencent reports Q1 revenue up 11% YoY to ~$21.4B, above estimates and the fastest growth in over a year, and net income up 10% YoY to ~$3.6B, below estimates (Zheping Huang/Bloomberg)
Zheping Huang / Bloomberg: Tencent reports Q1 revenue up 11% YoY to ~$21.4B, above estimates and the fastest growth in…
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Baidu reports Q1 revenue up 10% YoY to ~$4.5B and ~$834M net income, both above analyst estimates, driven by its ad and cloud businesses (Zheping Huang/Bloomberg)
Zheping Huang / Bloomberg: Baidu reports Q1 revenue up 10% YoY to ~$4.5B and ~$834M net income, both above analyst…
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Baidu reports Q4 revenue down 1% YoY to ~$4.8B, beating estimates, net income up 189% YoY to ~$718M, iQiyi revenue up 3% YoY to ~$1.1B, and a $5B share buyback (Zheping Huang/Bloomberg)
Zheping Huang / Bloomberg: Baidu reports Q4 revenue down 1% YoY to ~$4.8B, beating estimates, net income up 189% YoY…
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Shanghai-based esports tournament company VSPO raised a $265M Series C from Saudi Arabia's Savvy Games Group, seeking to reboot pro gaming in China after a lull (Zheping Huang/Bloomberg)
Zheping Huang / Bloomberg: Shanghai-based esports tournament company VSPO raised a $265M Series C from Saudi Arabia’s Savvy Games Group,…
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Baidu's stock rises 13%+ after the company announced that it plans to release ChatGPT-like service "Wenxin Yiyan", or "Ernie Bot" in English, in March 2023 (Zheping Huang/Bloomberg)
Zheping Huang / Bloomberg: Baidu’s stock rises 13%+ after the company announced that it plans to release ChatGPT-like service “Wenxin…
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Source: Baidu is planning to launch an AI chatbot similar to OpenAI's ChatGPT in March 2023, initially embedding it into its main search services (Zheping Huang/Bloomberg)
Zheping Huang / Bloomberg: Source: Baidu is planning to launch an AI chatbot similar to OpenAI’s ChatGPT in March 2023,…
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Chinese gamers lose access to Blizzard's games after its 14-year partnership with NetEase ended; servers hosting the games shutdown in China on January 23 (Zheping Huang/Bloomberg)
Zheping Huang / Bloomberg: Chinese gamers lose access to Blizzard’s games after its 14-year partnership with NetEase ended; servers hosting…
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CryptoSlam and Forkast.News plan to merge and become Forkast Labs, offering news and data for crypto investors; both are portfolio companies of Animoca Brands (Zheping Huang/Bloomberg)
Zheping Huang / Bloomberg: CryptoSlam and Forkast.News plan to merge and become Forkast Labs, offering news and data for crypto…
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