News Formal

Tencent need not envy Jack Ma’s finance fame

  • 📰 Breakingviews
  • ⏱ Reading Time:
  • 21 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 51%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

Tencent need not envy Jack Ma’s finance fame, says mak_robyn:

China's Tencent on May 15 said revenue for its newly-created financial technology and business services segment increased 44% year-on-year to 21.8 billion yuan in the three months to March. It accounted for 25% of total revenue in the quarter.

That is the first time the company separately disclosed revenue for these businesses, which includes mobile payments and cloud computing. China's third-party mobile payments market was worth 47.2 trillion yuan in the three months to December, according to research firm Analysys. Ant Financials' Alipay had a leading 53% market share, followed by Tencent's Tenpay with a 39% share.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 470. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stocks making the biggest moves after hours: Take-Two, StoneCo and Tencent MusicSee which stocks are posting big moves after the bell on Monday.
Source: CNBC - 🏆 12. / 72 Read more »

Tencent books record, estimate-busting first-quarter profit, boosted by investment gainsTencent Holdings Ltd posted record quarterly profit on Wednesday, smashing marke... yeah the know how to grab pocket money with lootboxes there for boycottEpicGames boycottTencent
Source: Reuters - 🏆 2. / 97 Read more »