Wednesday, April 15, 2015 11:46:44 AM
TCEHY...kicking AliBaBa's ass in Hong Kong...
Alibaba Pays Price for U.S. IPO
Unlike Alibaba, Tencent keeps all of its business units within the Hong Kong-listed entity, and the company has been buying Hollywood content to expand its online video platform, investing in cloud-computing technology and acquiring stakes in online health-care companies.
Online games and the WeChat and QQ messaging services, which have more than 1 billion users, underpinned a surge in earnings. Tencent posted a 50 percent jump in profit in the quarter ending December as the company, run by billionaire Ma Huateng, boosted revenue through advertising and payment services.
60minute...testing the 65,2 centerline...
Alibaba Pays Price for U.S. IPO
Unlike Alibaba, Tencent keeps all of its business units within the Hong Kong-listed entity, and the company has been buying Hollywood content to expand its online video platform, investing in cloud-computing technology and acquiring stakes in online health-care companies.
Online games and the WeChat and QQ messaging services, which have more than 1 billion users, underpinned a surge in earnings. Tencent posted a 50 percent jump in profit in the quarter ending December as the company, run by billionaire Ma Huateng, boosted revenue through advertising and payment services.
60minute...testing the 65,2 centerline...
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