The world's first self-developed high-grade vision system based on a game engine has passed the highest level certification from the Civil Aviation Administration and officially put into commercial use
In order to promote scientific and technological innovation in the field of civil aviation and strengthen industry technical exchanges and cooperation, the Civil Aviation Four-Chain Integration Innovation and Development Conference and the first China Southern Airlines Group Science and Technology Innovation Conference were held in Zhuhai, Guangdong Province on April 26. At the conference, important developments in a series of high-end simulators with Chinese characteristics and a series of domestically developed high-grade vision system products were announced. Among them, it was the first to introduce a new-generation full-motion flight simulator vision system created by a game engine. Compared with existing products in the industry, it has achieved an intergenerational breakthrough in technology, and has passed the highest level certification by the Civil Aviation Administration and has begun to enter the official commercial application stage. China Southern Airlines and Tencent Joint Project Team introduc
Citi Reaffirms Their Buy Rating on Tencent Holdings Limited (TCTZF)
Tencent Rises After Announcing Much-awaited Game to Debut Early- Report
TV broadcast: Positive net profit is expected in the second half of this year
TV broadcast (00511) issued an announcement, and the company reiterated its expectations that the Group would achieve significant positive EBITDA for the full year of 2024. Furthermore, based on the current business momentum, without considering special one-time projects (if any), the company also expects to achieve positive net profit (profit attributable to the company's shareholders) for the six-month period ending December 31, 2024. In the first quarter of 2024, the company completed the filming of four co-productions: Forensic Pioneer VI, Anti-Black Heroes, Black Moonlight, and The Cliff of Female Heroes. For the rest of 2024, the company plans to begin filming ten more episodes
Grand Theft Auto Publisher Take-Two Interactive to Lay off 5% of Workforce
Cathay Pacific Junan: Mainly high dividends and begins to lay out the rebound of the Hong Kong stock internet
Guotai Junan released a research report saying that in a situation where overseas risk events have not been fully resolved and may disrupt the Hong Kong stock market, the high-dividend style with low risk characteristics still has allocation value. It is recommended to focus on high-dividend industries such as telecommunications operators, energy, and utilities. On the domestic side, the new “National Nine Rules” of China's capital market will help investors focus on assets with lower valuations, more stable growth, and higher dividends. However, the Hong Kong stock Internet policy adjustments and valuation adjustments have been sufficient in the past few years. Stock prices are entering the batting zone, and opportunities for Chinese Internet companies can be examined from a longer-term perspective. In terms of industry selection, high dividends are the main focus
BOC International: Maintaining Tencent's “Buy” Rating and Raising Target Price to HK$395
BOC International released a research report saying that maintaining Tencent's (00700) “buy” rating, it is expected that high marketing expenses will not continue in the fourth quarter of last year. The company will continue to maintain the trend of gross profit growing faster than revenue and operating profit growing faster than gross profit, increasing operating profit by 8%/6% in 2024/25. The target price was raised from HK$390 to HK$395. The bank expects that in the second quarter, with the steady operation of old games and confirmed revenue in the first quarter, plus the launch of new games (Dungeons and Warriors), the growth rate of Tencent's game revenue will be positive, and the performance for the whole year will be low and high. BOC International's main views are as follows: Recent updates on local mobile game sales
The Himalayas went to Hong Kong to submit a prospectus: adjusted net profit of 224 million in 23 years, mobile devices had a monthly income of 130 million
Sina Technology News reported on the morning of April 13 that on the evening of April 12, the Himalayas submitted a prospectus to the Hong Kong Stock Exchange. Goldman Sachs, Morgan Stanley, and CICC are co-sponsors. Tencent, Reading, Xiaomi, Good Future, and Sony Music are strategic investors. Major financial investors include the US Pan Atlantic Investment Group, Zhixin Capital, Goldman Sachs, Xingwang Investment, Genesis Partner Capital, China Internet Investment Fund, Shanghai Cultural Industry Development Investment Fund, and Jiaxing Xiuzhou Financial Holdings. According to the prospectus, Himalaya's revenue from 2021 to 2023 was 5.86 billion yuan, 6.06 billion yuan, and 6.16 billion yuan, respectively
Tencent Holdings Limited Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now
It's been a good week for Tencent Holdings Limited (HKG:700) shareholders, because the company has just released its latest annual results, and the shares gained 2.1% to HK$315. Revenues of CN¥6
Everbright Securities: Maintaining NetEase's “Buy” Rating Target Price of HK$205.4
Everbright Securities released a research report saying that maintaining the NetEase S (09999) “buy” rating, considering that Blizzard China Service is expected to return in the summer of '24, which will have a slight positive effect on NetEase's subsequent revenue estimates; maintaining the 24-26 adjusted net profit forecast of 340.2/382.5/41.47 billion yuan, respectively. Considering that there are still many key products in the future, the 24M4 “Eternity” mobile game has begun testing, and “The Sixteen Voices of Yan Yun” is also expected to be gradually launched after 24 years. The new products are expected to contribute to performance growth, with a target price of HK$205.4. Event: April 10, NetEase Official Announcement: and
Alibaba to Cut Prices of Cloud Services Globally Amid Rising AI Demand - Report
Tencent Cloud crashed? Official response: Engineers are working on an emergency repair
On the afternoon of April 8, Sina Technology News reported that in response to the “Tencent Cloud has crashed,” Tencent Cloud responded to Sina Technology today saying, “There was an error in the service related to the Tencent Cloud console, and engineers are making urgent repairs. Sorry for the impact, please don't hesitate to contact us if you have any questions, thank you for your understanding and support! ” According to Tencent Cloud, most regions of Tencent Cloud have now returned to normal, and some regions are being repaired. (Wen Meng)
Tencent Sun Zhonghuai: The impact of AI on long videos still needs to be observed
Sina Technology News reported on the afternoon of March 28 that the 11th China Online Audiovisual Conference was held in Chengdu. Sun Zhonghuai, vice president of Tencent and CEO of Tencent Video, delivered a speech at the main forum of the conference. Sun Zhonghuai said that the high-quality development of the online audiovisual industry has entered a mature period, the level of content creation continues to improve, good works have appeared one after another, new business formats and models have begun to be introduced in commerce, and industry growth has entered a positive cycle. Sun Zhonghuai pointed out that the online audiovisual industry is a community of destiny, and a sense of mission comes first. The economic scale of long video is gradually growing. The development of Tencent Video is not only related to the size of its own economy, but also to
Overnight news: The Federal Reserve's operating losses reached a record $114.3 billion last year. US consumer confidence in March fell short of estimates and pessimism about the future rose slightly
For more global financial information, please follow the 7×24 hour real-time financial news market closing: US stocks closed low on Tuesday, the Dow and the S&P 500 index fell three times in a row, the top 20 in US stock turnover on March 26: Trump's media company DJT surged 16% on the first day of listing, and popular Chinese securities rose 9.4% on Tuesday, Baidu fell 1.9%, and US WTI crude oil closed down 0.4% on Tuesday. Major European stock indexes collectively closed up 0.04%, European Stock 50 Index, 0.42% Macro Federal Reserve operating losses last year Reached a record 114
Tencent Eyes New Wave of Growth Inspired by Viral Hit Palworld - Report
Two of Tencent's (OTCPK:TCEHY) (OTCPK:TCTZF) studios, Timi and Lightspeed are developing mobile games in the style of viral hit Palworld, aiming to boost the Chinese company's core business, Bloomberg News reported citing people with knowledge of the matter.
News: The Hang Seng Index rose slightly, and the stock index fell, and domestic housing stocks and auto stocks had the highest gains
On March 26, as of press release, the Hang Seng Index rose 0.04% to 16480.31 points. The Hang Seng Technology Index fell 0.08%, and the State-owned Enterprises Index rose 0.27%.
Joyy Cut at BofA, While Huya Sees Rating Upgrade to Buy
Analysts Have Conflicting Sentiments on These Communication Services Companies: Tencent Holdings Limited (OtherTCTZF) and T Mobile US (TMUS)
Tencent Holdings Limited Just Missed Earnings - But Analysts Have Updated Their Models
The annual results for Tencent Holdings Limited (HKG:700) were released last week, making it a good time to revisit its performance. It looks like the results were a bit of a negative overall. W
OpenAI's Sam Altman, Condé Nast-parent's Steven Newhouse Make Hay From Reddit IPO
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