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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The Heir Who Wants to Be Mayor
Hi, welcome to your Weekend.To spend time with Daniel Lurie is to understand the true meaning of the word “mensch.” Everyone who knows the San Francisco philanthropist and Levi’s heir says pretty much the same things about him: Daniel is “a really good guy”—affable, smart, egoless and earnest in his desire to improve the lives of the neediest. So earlier this year, when I began hearing...
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