JD Q1 conference call: Strong quarterly active user growth, confident of exceeding the annual growth target
According to JD, the supermarket category resumed healthy growth in the first quarter. GMV and revenue both grew at a double-digit rate, and order volume and shopping frequency increased.
JD.com Likely To Report Lower Q1 Earnings; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts
JD.com, Inc. (NASDAQ:JD) is set to release earnings results for its first quarter before the opening bell on May 16, 2024.Analysts expect the China-based company to report quarterly earnings at 64 cen
Baidu Sees Robotaxi Unit Turning Profitable in 2025 - Report
Chinese tech giant Baidu (NASDAQ:BIDU) expects its Apollo Go robotaxi unit to break even by the end of 2024 and become profitable in 2025.
Tencent Conference Call: Advertising and Gaming Benefit from AI Deployment, Total Game Traffic Resumes Growth
Specifically, among Tencent's three main businesses, revenue from the value-added services business fell 0.9% year-on-year in the first quarter of 2024. Tencent said that with the implementation of various government economic stimulus measures, Tencent expects this trend to gradually reverse and the fintech business to resume growth. Moreover, Tencent has achieved initial results in monetizing SaaS products that have been provided free of charge for a long time. Tencent will continue to steadily advance the monetization process of SaaS services in the future. In the advertising business, Tencent continues to innovate advertising technology and uses AI to optimize advertising targeting to enhance its competitiveness and efficiency. In the game business, Tencent expects that with the advancement of technology, the mixed-element big model can be developed into multi-modal AI in the future, which can create high-quality video content and further help game production.
Earnings Call Summary | Tencent(TCEHY.US) Q1 2024 Earnings Conference
The following is a summary of the Tencent Holdings (TCEHY) Q1 2024 Earnings Call Transcript:Financial Performance:Tencent reported Q1 2024 total revenue of RMB 160 billion, an increase of 6% year-on-y
Alibaba Stock Dips as Huge Investment Losses In Q4 Overshadow Revenue Growth and Dividend
Alibaba stock is trading lower Tuesday after the company reported its quarterly results.
Tencent Non-GAAP EPS of RMB5.26, Revenue of RMB159.5B
Tencent's net profit for the first quarter surpassed expectations, up 62% year on year, and will increase repurchase efforts in the future | Financial News
Video accounts, etc. are driving the growth of the advertising business and offsetting the decline in the game business. Tencent said that the cumulative repurchase of HK$14.8 billion in the first quarter reached a record high, and this year it will step up efforts to implement the 2024 repurchase plan of over 100 billion yuan.
Express News | Tencent reported first quarter revenue of 159.5 billion yuan, compared with market expectations of 158.81 billion yuan.
After the big rebound, the earnings reports of Ali and Tencent are here!
Buyback programs will be the focus of attention. Goldman Sachs said that Tencent's earnings report should also focus on game revenue and video channel advertising business. Ali's financial report should focus on Taotian GMV and profitability, and the growth of both cloud businesses is also worth looking forward to.
HSBC Analyst Sees Nvidia Stock Climbing Another 50% On Strong Pricing Power, AI Roadmap
HSBC Global Research maintained Nvidia Corp (NASDAQ:NVDA) with a Buy rating Monday and lifted its 12-month price target as the firm believes the chipmaker's strong pricing power will allow the company
HSBC Sees Blue Skies For Airline Industry, Forecasts Strong Recovery And Consolidation
HSBC analyst Achal Kumar initiated coverage on several airline stocks. The analyst writes that there is a continued recovery in corporate travel, stronger international demand, tighter capacity, and p
Airline Tracker: Delta, United and American Land Bull Ratings From HSBC
Cloud Music Expands K-pop Portfolio With Kakao Entertainment
Cloud Music (NASDAQ:NTES) Monday said that it has entered into a licensing agreement for digital music distribution with Kakao Entertainment, an entertainment company in South Korea, granting NetEase Cloud Music the right to distribute Kakao Entertainment's music catalog in China.
3M Raised to Buy at HSBC as Quality Company With Easing Headwinds
CRH And HSBC Collaborate On Strategic $300M Share Buyback, Aiming To Reduce Share Capital
CRH And HSBC Collaborate On Strategic $300M Share Buyback, Aiming To Reduce Share Capital
HSBC Downgrades Airbnb to Hold, Announces $156 Price Target
HSBC analyst Raymond Liu downgrades Airbnb (NASDAQ:ABNB) from Buy to Hold and announces $156 price target.
HSBC Maintains Hold on Kenvue, Raises Price Target to $21
HSBC analyst Jeremy Fialko maintains Kenvue (NYSE:KVUE) with a Hold and raises the price target from $20 to $21.
HSBC Maintains Buy on Ballard Power Systems, Lowers Price Target to $3.8
HSBC analyst Samantha Hoh maintains Ballard Power Systems (NASDAQ:BLDP) with a Buy and lowers the price target from $4.1 to $3.8.
HSBC Maintains Buy on Zoetis, Lowers Price Target to $225
HSBC analyst Morten Herholdt maintains Zoetis (NYSE:ZTS) with a Buy and lowers the price target from $230 to $225.