TENCENT's international games recovery seems to have been overlooked by investors, UBS said in a research report, citing industry data that said Supercell, a Finnish mobile game company that TENCENT acquired earlier this year, was expected to resume growth in 1Q24, with revenues expected to spike as much as 82%. As Supercell contributed approximately 10% of TENCENT's game revenue, it was expected to directly benefit TENCENT's growth...
Morgan Stanley's latest research report indicates that Tencent's collaboration with South Korean game company Nexon for the release of Dungeon & Fighter (DNF) mobile game is scheduled for May 21 in China. This launch is considered one of Tencent's most significant title releases in recent years, and it is poised to serve as a major catalyst for the company's domestic game business in the second quarter of 2024. A...
Huatai Securities (HTSC) views Alibaba as entering a new growth cycle with adjustments to its core business and management team nearing completion. Alibaba's domestic e-commerce shows signs of healthy growth, supported by price strength and enhanced user experience, while international e-commerce and Cainiao$Cainiao Smart Logistics Network Limited(810537.HK)$contribute to overall revenue growth. HTSC expects revenue growth to accelerat...
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BofA Securities recently released a report based on discussions with Tencent management and U.S. investors, revealing Tencent's ambitious plans for share buybacks. Tencent intends to buy back shares worth $100 billion this year, demonstrating strong commitment, capability, and execution in shareholder return initiatives. With Tencent accelerating its buyback pace to $1 billion per day in January, BofA Securities estimates the ann...
Alibaba Cloud's Bailian foundation model service platform announced the launch of a one-click training, deployment and reasoning solution for$Meta Platforms(META.US)$'s new-generation open-source large language model, Llama 3 series, Chinese media reported. Computing power fees for the model development and invocation are waived for a limited time. Enterprises and developers can create their own exclusive...
CICC predicts Alibaba Group's 4QFY24 revenue to increase by 5% YoY to RMB219.2 billion, in line with market expectations. Adjusted EBITA forecasted to decline 4% YoY to RMB24.3 billion, while non-GAAP net profit estimated at RMB28.1 billion. YoY decreases expected in EBITAs for Taobao Tmall Group and Alibaba overall due to increased investments in overseas ventures and Cainiao$Cainiao Smart Logistics Network Limited(810537.HK)$. Alibaba's domes...
BOCI projects TENCENT's 1Q24 revenue to grow by 5% YoY to RMB157 billion, with GPM and adjusted NPM meeting street consensus at 49.7% and 27.3%. The broker highlights TENCENT's focus on a high-quality growth strategy, providing visible financial certainty for the future. Expectations include accelerated revenue growth in 2Q-4Q24E, coupled with a strong capital return plan, prompting BOCI to maintain its Buy rating and target price of $407...
BABA's Fliggy Clinches Tour Product Collaboration with Heytea
The Tour's destination would be Anxi, Fujian, and include tea plantation visits, tea plucking and tea-making experiences, and new tea tasting. This is the first time that a new tea beverage brand and a travel platform have collaborated on a tour product.
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UBS Raises TENCENT TP to $438; Overseas Game Recovery Overlooked
Tencent & Toyota Collaborate on Advanced Automotive Tech
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Morgan Stanley Anticipates Tencent's DNF Mobile Launch to Drive Significant Revenue
This launch is considered one of Tencent's most significant title releases in recent years, and it is poised to serve as a major catalyst for the company's domestic game business in the second quarter of 2024. A...
HTSC Trims Alibaba TP to US$117.9; Sees Investment in New Growth Cycle
Alibaba's domestic e-commerce shows signs of healthy growth, supported by price strength and enhanced user experience, while international e-commerce and Cainiao $Cainiao Smart Logistics Network Limited(810537.HK)$ contribute to overall revenue growth.
HTSC expects revenue growth to accelerat...
Tencent's Aggressive Buyback Plans Exceed Expectations, Says BofA
Tencent intends to buy back shares worth $100 billion this year, demonstrating strong commitment, capability, and execution in shareholder return initiatives.
With Tencent accelerating its buyback pace to $1 billion per day in January, BofA Securities estimates the ann...
Alibaba Cloud Launches Limited-time Free Computing Power for Llama 3 Training & Reasoning
Computing power fees for the model development and invocation are waived for a limited time. Enterprises and developers can create their own exclusive...
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BABA's 4QFY24 Revenue Expected to Rise 5% YoY, CICC Predicts
Adjusted EBITA forecasted to decline 4% YoY to RMB24.3 billion, while non-GAAP net profit estimated at RMB28.1 billion.
YoY decreases expected in EBITAs for Taobao Tmall Group and Alibaba overall due to increased investments in overseas ventures and Cainiao $Cainiao Smart Logistics Network Limited(810537.HK)$ .
Alibaba's domes...
BOCI Forecasts 5% YoY Revenue Growth for TENCENT in 1Q24
The broker highlights TENCENT's focus on a high-quality growth strategy, providing visible financial certainty for the future.
Expectations include accelerated revenue growth in 2Q-4Q24E, coupled with a strong capital return plan, prompting BOCI to maintain its Buy rating and target price of $407...
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