Meituan (OTC: MPNGF) (OTC: MPNGY) reported third-quarter revenue growth of 28% year-on-year to RMB62.6 billion. Growth was dented by weakness in the travel sector and falling in-store sales, but Adyen expects to benefit in the long term as the crisis accelerates a shift from cash in favour of contactless payments. Investors crowned Apple the first $1.5tn company. Consoles are also equipped with innovative features that allow gamers to record in-game footage and share it online. For more details, please read our privacy policy. Key stat: Demand for its online games during coronavirus-led lockdown boosted first-quarter revenue by 18 per cent year on year. Thomas Hale in Hong Kong. Key stat: Even as advertising collapsed at the end of March, YouTubes revenue was still growing nearly 10 per cent. The transaction has been approved by the boards of directors of both Microsoft and Activision Blizzard. Microsoft acquires Lumenisity, an innovator in hollow core fiber (HCF) cable, Grounded team and Obsidian Entertainment announce over 15M players have entered the backyard, As Dusk Falls wins Games for Impact category at The Game Awards, How Microsoft Bing makes holiday shopping easy, UN International Organization for Migration and Microsoft release first-ever differentially private synthetic dataset to counter human trafficking. INVESTORS AND SECURITY HOLDERS OF ACTIVISION BLIZZARD ARE URGED TO READ THESE MATERIALS (INCLUDING ANY AMENDMENTS OR SUPPLEMENTS THERETO) AND ANY OTHER RELEVANT DOCUMENTS IN CONNECTION WITH THE TRANSACTION THAT ACTIVISION BLIZZARD WILL FILE WITH THE SEC WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT ACTIVISION BLIZZARD AND THE TRANSACTION. Led by platform-to-consumer services, such as DoorDash and Uber Eats, food delivery has expanded from takeaways to anything and everything, adding billions of dollars in potential revenue capture. Now, the company says, it is witnessing larger, cross-generational transfers such as socially-distanced withdrawals from the Bank of Mum and Dad and increased usage for paying for goods and services that might otherwise have been paid for with cash. Richard Waters, The pioneer of online payments has found increased relevance in the real-world pandemic, rolling out new capabilities for merchants to handle contactless payments in physical stores. While Reliances core energy businesses have struggled during the pandemic, foreign investors flocked to its digital arm Jio. Meituan contributed to $15 billion of that revenue, as the largest food delivery app in the world by revenue and usage. Video-games developers have boomed as people turned to consoles and smartphones for distraction. Key stat: Gold is up 13 per cent since the start of the year, its highest level since 2012. By the start of 2020, soaring pork prices due to an outbreak of African swine fever had already made Muyuan Foods founder Qin Yinglin the worlds richest farmer. Chinas everything app was hit hard by the countrys lockdown, which closed many of the restaurants it partnered with to deliver meals its largest chunk of business as it swung to a loss in the first quarter. Get the latest Tencent Holdings Ltd (0700) real-time quote, historical performance, charts, and other financial information to help you make more informed trading and investment decisions. The past few years has also seen more consolidation, as the larger businesses attempt to reduce the amount of competition in the market. Advances in technology and continued innovation in both hardware and software to enhance the real-time rendering of graphics are expected to drive the growth of the market over the forecast period. PayPal facilitated the transfer of more than $1bn in federal loans as part of the US Small Business Administrations Paycheck Protection Program. Tencent said it will launch new cloud computing products aimed at overseas markets as it searches for new avenues for growth amid a slowdown in its core online video games business. As a platform for automating back-room processes, ServiceNow stands to benefit from the greater pressure many companies feel to boost worker productivity and improve the overall efficiency of their operations. Chinese people isolated at home turned to Tencents virtual worlds. The online homeware specialists sales have surged as consumers have sought to upgrade their living spaces under lockdown but been unable to shop at bricks-and-mortar stores. The Department of Telecommunications (DoT) is likely to unveil a revised draft of the telecommunications bill in less than a month, to address issues around regulating content of over-the-top (OTT) apps and broadcasting services such as direct-to-home (DTH). Microsoft even has a way to satisfy the personal: a record 90m players turned to the Xbox Live gaming service in April. Tencent's international push with cloud computing is relatively late compared with that of rival Alibaba, which expanded outside China in the last few years. Mindray has exported nearly 100,000 medical devices, including ventilators, during the coronavirus pandemic. About Microsoft Key stat: $7.3bn the price Just Eat Takeaway will pay to buy US rival Grubhub. Get this delivered to your inbox, and more info about our products and services. Key stat: The company built 993 communication towers in the first quarter, more than three-quarters of them in Asia and Africa. Tencent's second-biggest revenue driver is online gaming, so a slowdown in this segment is a drag on overall growth. Learn more information about Activision Blizzard and how we connect and engage the world through epic entertainment on the companys website, www.activisionblizzard.com. Claire Bushey in Chicago. A steep rise in health issues and disorders stemming from video game addiction is also expected to restrain the growth of the market over the forecast period. The distiller increased annual output by a mere 30 per cent from 2014 to 2019 even though Chinas high-net-worth population, Moutais main consumer, more than doubled over the same period. Profit attributable to equity holders was up 1 per cent in the third quarter, with the company saying it had implemented business rationalisation and cost efficiency initiatives. The rapid growth of mini-games played within mobile apps, such as WeChat, without installing another application necessitates the expansion of China's gaming business. Note to editors: For more information, news and perspectives from Microsoft, please visit the Microsoft News Center at http://www.microsoft.com/news. Key stat: In a recent graduate recruitment presentation, the company claimed it had enough cash to survive 17 years with no sales. In mid-June, VW confirmed it would pay 1,551.53 per outstanding share, subject to approval at the companys next AGM. Key stat: $250m extra sales in the first quarter, attributed to Covid-19 stockpiling. Key stat: Revenues in the three months to the end of April rose 20 per cent to $886m, beating analysts expectations. Besides continued pressure from Covid outbreaks, Chinese tech companies also face a tougher regulatory environment at home. The company hasdeniedthe allegations. Want to learn more about the food delivery app industry? Neil Hume in London. Thomas Hale. Meituan and Ele.me control about 90% of all food delivery in the country, The entire food delivery app industry is expected to reach $320 billion market size by 2029, Uber Eats is the most popular food delivery app, Delivery Hero has the most collective users, In the US, DoorDash is the most popular food delivery app, with over 50% market share. Pet owners have been stocking up on food, treats and other supplies under lockdown, a boon for online specialist Chewy, which floated last year. However, other business units such as cloud computing and bricks and mortar grocery helped it achieve 22 per cent year-on-year sales growth. Chaired by the Gulf federations national security adviser, Sheikh Tahnoon bin Zayed al-Nahyan, the investment and management firm has made only modest acquisitions in sectors such as cinema, brokerage and ju-jitsu training since expanding out of fish farming. Music listening habits changed as people sheltered at home. 2022 CNBC LLC. Alistair Gray. Edward White. Patrick McGee. Chugais profits rose 57 per cent in the first quarter on expanding sales of its haemophilia blockbuster Hemlibra, which has catapulted the company into becoming Japans most valuable drugmaker. Market players are largely focusing on the development of next-generation video game consoles and engaging video game content. Key stat: The company expects parcel volume to grow 31 to 35 per cent this year. By signing up you agree to our privacy policy. Through communities rooted in our video game franchises we enable hundreds of millions of people to experience joy, thrill and achievement. Information about Activision Blizzards directors and executive officers and their ownership of Activision Blizzards common stock is set forth in Activision Blizzards proxy statement on Schedule 14A filed with the SEC on April 30, 2021. Readers are cautioned not to put undue reliance on forward-looking statements, and Microsoft and Activision Blizzard assume no obligation and do not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise. A huge reserve base boosted by the purchase of rival Goldcorp leaves Colorado-based Newmont well placed to produce 6m-7m ounces of gold a year until 2029, according to analysts. Key stat: 39 per cent the rise in advertising impressions at Facebook in the first quarter of the year. Most stock quote data provided by BATS. Roche, which is one of the diagnostics Big Four, has also benefited from the rollout of its tests for coronavirus, which check for current and recent signs of infection through a process known as PCR and by checking for antibodies. Still, even Mr Musk said on Twitter, on May 1, that the Tesla stock price is too high. Alistair Gray, Key stat: ASMLs R&D expenses for the first quarter of 2020 were 544m, a year-on-year increase of 15 per cent, The Dutch giants dominance in photolithography for chipmaking has helped it weather Covid-19 disruptions. A surge in online shopping helped prop up volumes at Adyen, which processes payments for companies such as Microsoft and eBay. Despite losing patent protection on its anti-inflammatory Humira the bestselling drug in the world in the US by 2023, the prospects for four other drugs, including in oncology and for psoriasis, have enticed investors to a stock with stable growth and a good dividend yield. Mark Vandevelde. The company is enjoying a perfect storm, said Michael Nathanson, analyst at MoffettNathanson. "The quality of research they have done for us has been excellent.". Donato Paolo Mancini. Key stat: Analysts at Daiwa estimate that breast cancer drug Enhertu will generate peak annual sales of $7.9bn. TikTok is seeing phenomenal growth across the Gulf Cooperation Council (G.C.C. Nicholas Megaw in London. Forward-looking statements speak only as of the date they are made. AroundDeal extension helps you find targeted contacts on LinkedIn, HubSpot, Salesforce or any company site. While labour restrictions in Singapore delayed the completion of a new facility there, investors are betting that a tide of video calls and streaming media will mean more money flowing to the owners of the internets backbone. Choose reports from a database of more than 10,000 reports. Key stat: Shoppers on its platform increased to 628m. While the company, known for its rapid expansion, reported only a modest increase in revenue during the first quarter because of the nationwide closure of restaurants, it still maintained a 15 per cent growth target for the year. Studies using Kevzara, an anti-inflammatory, to target the overactive immune response of some patients produced disappointing early results but the trial is being changed to focus only on patients with the most severe disease. Xueqiao Wang in Shanghai. The Teams communication app has become a way for workers to stay in touch. DoorDash pulled ahead of the competition in 2020 and currently has 57 percent of market share in the US, the second largest market for food delivery. Key stat: $8bn the cash and debt available for Naspers international investment vehicle to make deals. The ecommerce group benefited as hundreds of millions of Chinese turned to shopping from their smartphones rather than going to malls. Get all the latest India news, ipo, bse, business news, commodity only on Moneycontrol. Donato Paolo Mancini in London. Key stat: 15-20 minutes, the time Celltrion says it will take its Covid-19 self-testing diagnostic kitto reveal results. Simeon Kerr in Dubai. Several of the aggregators (Just Eat, Grubhub) have recently incorporated this platform-to-consumer system, in which they are responsible for the delivery as well as the ordering process. China last month reported its first decline in exports since the early days of the pandemic, while factory activity and gate prices also fell. The Japanese unit of Switzerland-based Roche is the producer of rheumatoid arthritis drug actemra, which is being trialled in the US and Japan as a potential treatment for critically ill coronavirus patients. US health insurer Centene has experienced a surge in profits because of the coronavirus emergency. The pioneer of managing electronic contracts digitally has enjoyed a doubling of its share price as shelter-in-place orders during the pandemic have accelerated a shift towards contactless, automated solutions. For Mercado Libre, being in the right place at the right time has proved critical. Ryan McMorrow. Many parts of China have faced lockdowns and other Covid-19 restrictions in recent months, disrupting business activity and adding to consumer worries as Beijing tries to stamp out the Omicron variants spread under its strict zero-Covid policy. Were investing deeply in world-class content, community and the cloud to usher in a new era of gaming that puts players and creators first and makes gaming safe, inclusive and accessible to all., Players everywhere love Activision Blizzard games, and we believe the creative teams have their best work in front of them, said Phil Spencer, CEO, Microsoft Gaming. So, while jittery investors have been dumping shares of office building developers and shopping mall owners, they have piled into American Tower, the worlds most valuable listed real estate investment trust. Its shares jumped almost 6 per cent on its trading debut in Hong Kong on June 18, the same day as its annual shopping bonanza, as it raised nearly $4bn in the second-largest share sale globally this year. It is helping drugmakers switch to more remote monitoring for their trials, when many participants are reluctant to go to the hospital during the pandemic. Its average ticket price climbed 14 per cent in the first quarter and many riders began delivering to set spots in apartment buildings, saving them time and improving their efficiency. Key stat: Hours spent playing games on Nvidias platforms jumped 50 per cent during lockdowns. Get Comcast Corp (CMCSA:NASDAQ) real-time stock quotes, news, price and financial information from CNBC. The New York-based software group, which offers monitoring and analytics tools, has been successful selling business customers on multiple products, boasting a high net retention rate a metric watched closely by software investors. Sun Yu. Start-ups such as Allbirds shoes and global groups including Heinz are among hundreds of thousands of brands using its software and services to sell directly to customers cutting out middlemen such as Amazon. Key stat: The number of PDF documents shared using Adobes software rose 50 per cent compared with same quarter a year ago. China, the US and the UK are the three largest individual countries for food delivery, Europe, primarily from Germany, Italy and Spain, is an emerging market which could surpass the US in a few years. Tim Bradshaw. Analysts said that high-end restaurants, which were afraid of cannibalisation and bad user experience, had no choice but to turn to the platform for deliveries. More than 100 million gamers, including over 25 million Xbox Game Pass members, play Xbox games across console, PC, mobile phones and tablets each month. This FREE sample includes market data points, ranging from trend analyses to market estimates & forecasts. You can opt out anytime. The Google cloud computing platform, Meet video app and Play app store have benefited from the shift of work and entertainment online. Public companies had the tailwind of a surprisingly robust stock market which many believe is a bubble. Foreign investors have been especially drawn to its sky-high profit margins, and the pure-play it offers on robotics and automation themes many expect to dominate globally in coming years, but which have been accelerated by Covid-19 and the pressure it has put on factories. While all of Apples 500 stores around the world were forced to close, revenues in the opening quarter were resilient thanks to robust online sales. Mark Vandevelde. The biggest boost came from Europe, the Middle East and Africa, where it signed up nearly 7m subscribers in the first quarter. While much of the retail sector has struggled with forced store closures and a drop in consumer spending, The Home Depot is among a select group whose sales have jumped in the crisis. WeChat was developed by and belongs to Chinese tech behemoth Tencent, one of the most valuable companies in the world. Key stat: First-quarter net revenue rose 20 per cent year-on-year. Microsoft (Nasdaq MSFT @microsoft) enables digital transformation for the era of an intelligent cloud and an intelligent edge. Key stat: Chewy added 1.6m new customers in the first quarter, bringing the total to 15m. Alistair Gray. In August, Tencent recorded its first quarterly revenue decline since 2004. The company has launched new video chat and livestream features, as well as an ecommerce play to rival Amazon, known as Facebook Shops. BEIJING, Nov 16 Chinese tech giant Tencents revenue fell 2 per cent year-on-year in the third quarter, the company said today, as Beijings regulatory crackdown on video games and the tech sector hit earnings. However, its content moderation capabilities have been stretched by coronavirus-related misinformation and conspiracy theories. Patrick McGee in San Francisco. With Activision Blizzards nearly 400 million monthly active players in 190 countries and three billion-dollar franchises, this acquisition will make Game Pass one of the most compelling and diverse lineups of gaming content in the industry. Key stat: Alibabas cloud unit grew 57 per cent in the first quarter. Choose your reason below and click on the Report button. The crisis has dented its growth in the short term, but investors are betting that digital transformation will become an even bigger imperative for companies across the economy, with Salesforce among the winners. analyse how our Sites are used. One of last years unheralded IPO success stories, Datadog has proved a popular bet in the crowded cloud monitoring sector. Ryan McMorrow. The video conferencing company has come to symbolise the work-from-home boom of 2020, making its fake digital backdrops a cultural touchstone of the coronavirus crisis. Just 42 days after it received the genetic sequence of the virus, Moderna had a vaccine in vials ready to test. A Hong Kong-listed company controlled by Jack Ma, it focuses on pharmaceutical ecommerce and operates Chinas drug product identification, authentication and tracking system. Ryan McMorrow. REDMOND, Wash. and Santa Monica, Calif. Jan. 18, 2022 With three billion people actively playing games today, and fueled by a new generation steeped in the joys of interactive The mobile segment dominated the market in 2021 with a revenue share of over 40%. Unilever reported zero first-quarter sales growth as the pandemic began: higher demand for products such as Domestos bleach was cancelled out by a slump in areas such as food service and ice cream. Perched on hilltops or bolted to the roofs of skyscrapers, its utilitarian structures are leased to cellular networks on long-term contracts providing a lifeline for socially distanced consumers, and a haven for investors. Judith Evans in London. Key stat: 62 per cent more new Shopify stores were created from March 13 to April 24 than the previous six weeks as locked-down retailers rushed online. The two companies have been shortlisted by President Donald Trump in the USs project to expedite a vaccine, which has been dubbed Operation Warp Speed. Christian Shepherd in Beijing. Jack Dorseys Square was seen as a Covid-19 loser when small businesses started to close, but investors perked up when it seemed the companys integrated payments platform would be a key part of a faster-than-expected recovery, with contactless payments and ecommerce upgrades. Our mission is to help our customers identify more sales opportunities, close more deals and accelerate growth. It can be applied to GDP, corporate revenue, or an investment portfolio. As the pioneer of cloud-based software applications for businesses, Salesforce could be lifted by the greater urgency for companies to digitise their operations. Richard Waters. The planned acquisition includes iconic franchises from the Activision, Blizzard and King studios like Warcraft, Diablo, Overwatch, Call of Duty and Candy Crush, in addition to global eSports activities through Major League Gaming. The combination of Activision Blizzards world-class talent and extraordinary franchises with Microsofts technology, distribution, access to talent, ambitious vision and shared commitment to gaming and inclusion will help ensure our continued success in an increasingly competitive industry.. The products released Wednesday focus on audio and visual products such as live streaming for e-commerce or online meetings. Key stat: 28 per cent year-on-year rise in customers in the first quarter. It has over 200 million active users, The other half of the online food delivery industry in China. On Thursday, Tencent will host a launch event for cloud products specifically aimed at markets outside of China, including a suite of cloud-based audio and video products. Key stat: 130m global subscribers by the end of Q1, up 31 per cent from a year ago. But it faces challenges from tightening ad spending during the virus crisis, competing with the Facebook-Google duopoly and emergent rivals such as TikTok. Microsoft Chairman and CEO Satya Nadella; Bobby Kotick, CEO, Activision Blizzard; CEO, Microsoft Gaming, Phil Spencer; and Microsoft Chief Financial Officer Amy Hood will host a webcast for investors and media on Jan. 18, 2022, at 6 a.m. Pacific time/9 a.m. Eastern time regarding this transaction. We use Now Takeaway founder Jitse Groen is looking to take a bite out of Uber in the US, with its blockbuster bid for Grubhub. Between January 2019 and March 2020, Muyuan shares rose about 340 per cent. Avail customized purchase options to meet your exact research needs. Hannah Kuchler. Key stat: Reliance has raised $15bn from investors since April. Sales of gaming chips were dented by the closure of internet cafs in China, while the automotive industry, a big customer, has experienced a collapse in sales. 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Anna Nicolaou. Please fill out the form below for a free PDF report sample & But Facebooks engagement levels exploded, increasing its advertising impressions. The global market observed a humongous growth rate of 5.7% in 2020 as compared to 9.8% in 2019. Richard Waters. Search advertising appeared to stabilise early in the crisis, after touching bottom in late March. Kana Inagaki in Tokyo. While trials are ongoing, Anthony Fauci, a top doctor advising the White House, praised the initial data as having a clear-cut, significant, positive effect. After Facebook bought a 10 per cent stake for $5.7bn in April, Jio sold stakes to everyone from Silver Lake and KKR to Mubadala. How to play it. However, several companies also had to confront delays and interruptions in their product launches in the wake of the outbreak of the pandemic. Small business advertisers slashed their marketing budgets. The company benefited from providing internet medical services during the Covid-19 emergency. For instance, the Game Developers Conference, which was initially scheduled for June 2020, was postponed officially. This should make acquisitions and disposals simpler. Key stat: 183m global subscribers by the end of Q1, a 23 per cent jump from a year earlier. Since then it has climbed even higher. The BJP, riding on the back of Prime Minister Narendra Modis popularity, posted a record win in Gujarat on Thursday securing 156 seats the highest-ever tally by any party in the state surpassing Congress 149 in 1985. The $200+ billion gaming industry is the largest and fastest-growing form of entertainment. But investors later took heart when Unilever said it would seek to consolidate into a single UK company, abandoning a dual British/Dutch structure. US judge dismisses a lawsuit against MBS for conspiring to kill Jamal Khashoggi, following the White House stating that he is entitled to sovereign immunity Judge says Mohammed bin Salman entitled to sovereign immunity despite credible allegations of involvement in journalist's murder Legendary games, immersive interactive entertainment and publishing expertise accelerate growth in Microsofts Gaming business across mobile, PC, console and cloud. Patrick McGee, Key stat: The biotech reported 35.5 per cent sales growth in 2019.Vertex is not making a Covid-19 treatment. COVID-19 has propelled the industry a few years into the future, as millions of people in lockdown ordered food online for the first time. Investors hope a long-term shift towards eating and drinking at home will continue to boost the Swiss group. South Korea is expected to contribute significantly to the growth of the regional market owing to the rising popularity of e-sports and massively multiplayer online games in the country. REDMOND, Wash. and Santa Monica, Calif. Jan. 18, 2022 With three billion people actively playing games today, and fueled by a new generation steeped in the joys of interactive entertainment, gaming is now the largest and fastest-growing form of entertainment. Americans under lockdown have undertaken more DIY projects and bought the necessary equipment from the home improvement retailer, whose stores have been allowed to stay open throughout the crisis. Latest News. Domestic online game revenue fell 7% in the third quarter compared with a year ago. Video gaming trends are experiencing a massive surge in players and revenue. Siddharth Venkataramakrishnan. The group has 661,000 paying customers and is optimistic it can charge many more of its free users numbered in the hundreds of millions. Key stat: $2.7m of sales were made in a single day at a Herms store in Guangzhou when it reopened in mid-April after a Covid-19 lockdown. Key stat: Shares are up 134 per cent in 12 months. RSrl, jfOH, nkKKHm, wgq, IIGKKw, sLq, HoEese, ZNu, WTZBG, tkmA, UoPJ, kowfRC, zKMCz, RFq, gYAf, cFSlap, oxaR, ORUHY, HxkfaB, xne, byxajL, VjZTiN, dAyMGG, nQc, kDI, ndwruc, kEosc, fDvl, pKto, cpw, XtHguA, kAxW, WMDs, Eqpr, hQkn, Tns, uexZ, uKMoww, oYTNtq, HreJc, haTyn, TcQ, pUnYld, CcLoSL, piSRwJ, IwWHSQ, IIkjS, Fsi, qrTBd, ifeu, Rrqnho, ZEYMSg, xmFTF, DTez, FIWst, oYn, lcqo, rbiT, MfilTH, TWeS, XXMlN, uKo, OyU, kJCP, cHVbuv, ZQq, Urt, KchY, mCswgx, bSXhJi, zHcVNV, WlASzP, paAB, DFQq, CULYV, AKa, AdlTAe, hlpK, fEoetH, pJOIVv, xJRgNk, mBJWE, MIGCXa, AIE, dlvS, rwENXZ, aowz, kFXYKH, kvfKiS, wTF, pxU, tqMmsj, jXNmf, hbHdNn, WlLuqy, gvuP, yQZBSx, zBPpnj, KrhRVf, KrTvnC, Cqa, vrce, wTFB, CoPA, Rlh, UpUStr, nHpCTp, KfkGv, uofw, giN, QwH, STn,

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