Tencent reported a 26% increase in revenue for the quarter ending in March when compared with the year-ago period, highlighting how videogames and social-media use grew as Chinese users stayed home during the pandemic. Still, its net profit for the quarter increased only 6% when compared with the year-earlier period. Tencent executives warned that online advertising may take longer to return to...
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Meta’s Twitch Competitor Cuts Contracts With Gaming Creators
Since 2018, Meta Platforms has paid videogamers to stream their play on Facebook’s gaming service, its alternative to Twitch. Now, in a new era of austerity, Meta is cutting back on those payments. Facebook Gaming in the second half of last year dropped its contracts with at least 200 creators that paid them to spend time streaming on the web service, according to two people with direct...
Chinese Online Retail Giant JD.com Retreats in Southeast Asia
China’s Baidu to Launch ChatGPT-like Service
Amazon Fresh Hikes Grocery Delivery Fees
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