But Facebooks engagement levels exploded, increasing its advertising impressions. Now, Tencent is banking on cloud computing. Mercedes Ruehl in Singapore. Delivery Hero, through its subsidiary brands of foodpanda, Glovo, PedidosYa, tabalat and Baedal Minjok, has the most active users. Key stat: Daily sign-ups rose 25 per cent from March 18 to April 30 compared with the first 11 weeks of the year. Tencent, in particular, has been hurt by stricter regulation on online games. This has created a flywheel effect for many of the food delivery operators, which continue to try and undercut competition on razor thin profit margins as they battle for market share. The network effects of more delivery riders, alongside route optimisations technologies, has enabled faster and cheaper delivery. Shanghai-listedJiangsuHengrui Medicine develops and produces high-quality generics and innovative drugs. 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. For Mercado Libre, being in the right place at the right time has proved critical. Get this delivered to your inbox, and more info about our products and services. The crackdown decimated revenues and put further pressure on the stalling economy. Microsofts shift to the cloud under Satya Nadella has left it well-placed for a world where large numbers of people are working remotely. Key stat: 100 per cent sensitivity or the real number of positives Roche claims its own antibody test can detect 14 days after a positive PCR test. Hannah Murphy. The offline segment dominated the market in 2021 with a share of over 62%. Eric Platt in New York, Key stat: Sales of PC chips jumped two-thirds as workers bought more home PCs and AMD took market share from Intel, Long an also-ran against Intel, AMD is riding a powerful new product wave. Prosus, which houses the Tencent stake and other assets to make up Europes biggest consumer internet group, already has globe-spanning businesses in sectors that could benefit if the pandemic does inspire a greater digital shift, such as food delivery and online education. Miles Kruppa. However, other business units such as cloud computing and bricks and mortar grocery helped it achieve 22 per cent year-on-year sales growth. 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. Joseph Cotterill in Johannesburg. Its messenger RNA technology allows it to be super speedy but no vaccine using it has ever been approved by a regulator. Key stat: Gold is up 13 per cent since the start of the year, its highest level since 2012. | Microsoft News Center. The company hasdeniedthe allegations. We never share your personal data. Supported by demand from remote workers, the US tech giants wearable sales have continued to rise, with some analysts predicting AirPod sales as high as 90m by the end of the year. Twitter started marking tweets which contained misleading information, and adding links to fact-checks. The company benefited from a business based largely on subscriptions, helping shield it from the fallout in advertising. Key stat: 15-20 minutes, the time Celltrion says it will take its Covid-19 self-testing diagnostic kitto reveal results. The mobile segment dominated the market in 2021 with a revenue share of over 40%. But it faces challenges from tightening ad spending during the virus crisis, competing with the Facebook-Google duopoly and emergent rivals such as TikTok. Web links, telephone numbers and titles were correct at time of publication, but may since have changed. If the all-important Chinese customer keeps shopping in the aftermath of the pandemic, this bodes well for the luxury houses ability to bounce back. Uber Eats has the highest single app users, outside of China. Choose your reason below and click on the Report button. Since acquiring rival warehouse owner Liberty Property Trust in a $13bn all-stock deal in February, which added more than 15 per cent to its market capitalisation, Prologis has been contending with requests for rent deferrals as some retailers have struggled to stay afloat. Key stat: Net retention rate has topped 130 per cent for 11 straight quarters. Software developers use Twilio to create communication tools such as chat bots, all in the cloud, making the companys offerings a timely choice for industries ranging from telehealth to distance learning. Key stat: Shares are up 134 per cent in 12 months. Investors have been encouraged by RingCentrals growing adoption at large enterprise customers, which makes up more than 30 per cent of the business. Offcn Education Technology, which helps train students for Chinas civil service examinations, moved its classes online in February and March. LG Chem, which supplies many of the top auto groups, is poised to overtake Japanese rival Panasonic and become the top electric vehicle battery maker by market share. The Azure cloud computing platform has become a more critical part of the digital backbone for many companies. Key stat: Analysts at Daiwa estimate that breast cancer drug Enhertu will generate peak annual sales of $7.9bn. With ecommerce receiving a pandemic boost, investors are betting one of Chinas largest delivery companies will be taken along for the ride. This acquisition will accelerate the growth in Microsofts gaming business across mobile, PC, console and cloud and will provide building blocks for the metaverse. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. In terms of revenue, the market witnessed an increase in revenue to USD 297.40 billion in 2020. The acquisition also bolsters Microsofts Game Pass portfolio with plans to launch Activision Blizzard games into Game Pass, which has reached a new milestone of over 25 million subscribers. A surge in online shopping helped prop up volumes at Adyen, which processes payments for companies such as Microsoft and eBay. Tencent said domestic video games in particular saw a 7 per cent decrease in the three months ending September 30, as transitional industry challenges resulted in lower paying user counts. While fewer people commuted to work, users at home flocked to meditation and wellness podcasts, instrumental music and chilled-out tunes to help manage stress, according to Spotify. The Chinese tech giant posted a drop in revenue for the second quarter in a row. In a global spending spree, Tencent has exploited falling valuations: it recently acquired Norwegian game developer Funcom, took a stake in German developer Yager, and poured capital into an array of fintech start-ups. The deal is expectedto close in fiscal year 2023 and will be accretive to non-GAAP earnings per share upon close. January 18, 2022 Working from home led to a near-70 per cent jump in online sales at Lululemon in the first quarter as its expensive yoga pants and athleisure gear replaced formal business attire. It has also been riding a boom in demand for data centre chips from big internet companies, as AI becomes a more important component of their services and overall digital activity jumps. Search advertising appeared to stabilise early in the crisis, after touching bottom in late March. Key stat: The company built 993 communication towers in the first quarter, more than three-quarters of them in Asia and Africa. Key stat: $1bn the funding secured to develop a vaccine from the US government. WeChat was developed by and belongs to Chinese tech behemoth Tencent, one of the most valuable companies in the world. 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. Tencent has faced a number of headwinds in 2022 including a Covid-induced slowdown in the Chinese economy and a tougher market for gaming. Key stat: Demand for its online games during coronavirus-led lockdown boosted first-quarter revenue by 18 per cent year on year. The concept of gaming to learn is still in its nascent stages but gaining traction gradually. At the same time, supply chains got disrupted due to the temporary suspension of operations at various manufacturing facilities in China, which affected the production of hardware, including gaming consoles. The Google cloud computing platform, Meet video app and Play app store have benefited from the shift of work and entertainment online. Music listening habits changed as people sheltered at home. Anna Nicolaou. Search engine operator Baidu Inc posted a five per cent year-on-year drop in quarterly revenue in the second quarter, while e-commerce platform JD.com announced its slowest revenue growth so far in the same quarter. The stock is near all-time highs, even after advertising and other costs meant the group lost $286m in the first quarter. The US wireless company benefited from the twin forces of lockdowns, which made people more dependent on their phones for connection, and the closing of its long-awaited merger with rival Sprint. 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. Mark Vandevelde. Meituan (OTC: MPNGF) (OTC: MPNGY) reported third-quarter revenue growth of 28% year-on-year to RMB62.6 billion. In mid-June, VW confirmed it would pay 1,551.53 per outstanding share, subject to approval at the companys next AGM. Key stat: Paid membership in the US rose from 27m to 43m in the first quarter. Tim Bradshaw. However, the online segment is expected to grow at the highest CAGR over the forecast period. This is attributable to the ever-increasing smartphone penetration and the growing demand for entertainment in China. The growing demand for interactive entertainment systems and the rising number of gamers considering online video games as an entertainment tool of their choice are also expected to play a major role in driving the growth of the online segment. Founded in 1991, it focuses on patient monitoring and life support, in-vitro diagnostic and imaging products. Premium Statistic Major markets for Tencent's Honor of Kings based on revenue share 2022; The Shenzhen-headquartered company views cloud computing as an area that could pick up the slack. Key stat: 183m global subscribers by the end of Q1, a 23 per cent jump from a year earlier. Nearly 80% of Revenue Comes From China. Richard Waters in San Francisco. As the pioneer of cloud-based software applications for businesses, Salesforce could be lifted by the greater urgency for companies to digitise their operations. Grocery delivery service Instacart said it achieved its 2022 goals in the third week of lockdown. Celebrating differences is at the core of our culture and ensures we can create games for players of diverse backgrounds in the 190 countries our games are played. Tencent's strategy could focus on trying to sign up global firms with a presence in China as well as Chinese companies expanding abroad. Some prominent players in the global video game market include: Revenue in USD billion and CAGR from 2022 to 2030, Revenue forecast, company ranking, competitive landscape, growth factors, and trends, North America; Europe; Asia Pacific; Latin America; MEA, U.S.; Canada; Germany; U.K.; China; Japan; South Korea; Brazil; Egypt; Jordan; Saudi Arabia; UAE, Activision Blizzard; Apple Inc.; Disney; Electronics Art Inc.; Lucid Games; Microsoft; Nintendo; Rovio Entertainment Corporation; Sony Interactive Entertainment Inc.; Tencent Holdings Limited. As world leaders ordered their citizens indoors, Amazon became the emergency port of call for those desperate to stock up on vital household goods a rush that led the company to temporarily shut its warehouses to non-essential products. Remdesivir, originally developed for Ebola, is being used in hospitals in the US, UK and Japan. At the same time, the changing consumer preferences and the rising levels of disposable income across the globe are driving the large-scale adoption of advanced gaming consoles equipped with sophisticated features, such as record & share and cross-platform gameplay. Understand how marketers are most effectively reaching consumers and which channels have the most growth potential. NEW YORK; Apr. The transaction has been approved by the boards of directors of both Microsoft and Activision Blizzard. A surge in orders pushed net sales in the three months to May up 46 per cent from a year ago to $1.6bn. Key stat: The e-signature leader lifted its annual revenue growth target from 31 per cent to 34 per cent, or $1.3bn. If anything, the crisis has only lifted its prospects by fuelling sales of home PCs and bringing more demand for data centre capacity from big internet companies that use its chips. Various press conferences scheduled to deliver the latest game announcements and trailers were also postponed. The Asia Pacific dominated the video game market with a share of 53.3% in 2021. But premiums have remained the same, fattening margins. ZTO Express runs the profitable line-haul segment of delivery leaving the costly business of ferrying packages the last mile to customers doors to its partner firms. As Japan lifted its state of emergency in late May to reflect falling Covid-19 cases, Daiichi Sankyo launched breast cancer drug Enhertu. Further, the COVID-19 pandemic has accelerated digital transformation globally. Key stat: Reliance has raised $15bn from investors since April. Key stat: Revenues increased 382 per cent in the first quarter. 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. Activision Blizzard and certain of its directors and executive officers and other members of management and employees may be deemed to be participants in the solicitation of proxies from Activision Blizzards stockholders with respect to the transaction. Tencent posted revenue of 134.03 billion Chinese yuan ($19.78 billion) in the second quarter vs. 134.6 billion yuan expected, a decline of 3% year-on-year. Wuliangye Yibin, a Chinese liquor maker, has been a magnet for investors betting on a recovery in discretionary spending in Asias largest economy. It also said in February that it was in talks with Tesla to jointly produce batteries. Anna Nicolaou in New York. Swiss group Lonza has signed a deal with Moderna, the first US company to get a potential coronavirus vaccine into human trials, on the scale-up of a potential Covid-19 inoculation. The growth of the segment can be attributed to the growing popularity of multiplayer games. In March the US Food and Drug Administration fast-tracked approval for Cepheids Covid-19 test, which can be processed using diagnostic equipment already in place at more than 25,000 hospitals and health clinics worldwide. A comprehensive list of companies available on stock exchanges that can be browsed alphabetically, by sector, or by country. Later in the series, we will look at an alternative gauge of success, as well as the big corporate losers and four thematic winners: pharma, cloud computing, ecommerce and gaming. Activision Blizzard scored points with investors thanks to two enduring franchises: Call of Duty, which outgunned the competition on both consoles and also on mobile, and Candy Crush Saga, which analysts at App Annie and IDC say was the fourth-highest grossing mobile game on iOS globally in the first quarter. U.S. sports platform Fanatics has raised $700 million in a new financing round led by private equity firm Clearlake Capital, valuing Fanatics at $31 billion. 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. Patrick McGee. 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. Kana Inagaki. Key stat: Food delivery orders had bounced back to 90 per cent of their pre-pandemic level by mid-May. 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. Through great teams and great technology, Microsoft and Activision Blizzard will empower players to enjoy the most-immersive franchises, like Halo and Warcraft, virtually anywhere they want. We are GDPR and CCPA compliant! Beijings widespread crackdown on the tech sector, beginning in late 2020, saw record fines, cancelled IPOs and lengthy investigations into top players. Hannah Murphy in San Francisco. Hansohs almonertinib received market approval in China for second-line treatment for patients with NSCLC (the most common type of lung cancer) in March. 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. Key stat: The e-signature leader lifted its annual revenue growth target from 31 per cent to 34 per cent, or $1.3bn. Xueqiao Wang in Shanghai. Media consumption is expected to witness a substantial increase as a direct consequence of lockdowns enforced in several countries across the globe to combat the spread of the deadly coronavirus. cookies Just Eats merger with rival Takeaway.com, agreed in December, created Europes largest food delivery group at just the right moment to capitalise on surging demand from restaurants and diners for new food delivery options during lockdowns. AstraZeneca, which has its headquarters in the UK, has climbed to the top of the FTSE 100 index after securing a deal to manufacture and distribute a potential coronavirus vaccine made by Oxford university. Domestic online game revenue fell 7% in the third quarter compared with a year ago. The transaction is subject to customary closing conditions and completion of regulatory review and Activision Blizzards shareholder approval. Which segment accounted for the largest video game market share? For broadcast quality b-roll and audio, please contact[emailprotected]. 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. 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. Key stat: 130m global subscribers by the end of Q1, up 31 per cent from a year ago. Free trial, before you make a purchase decision. The company, which receives four-fifths of its revenue from video games, used the momentum to pursue a $2.7bn secondary listing on the Hong Kong Exchange in June. 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. Botox was one of the key reasons for AbbVie wanting to buy Allergan securing solid cash flow from the cosmetic treatment. Goldman Sachs & Co. LLC is serving as financial advisor to Microsoft and Simpson Thacher & Bartlett LLP is serving as legal counsel. or renewing/enhancing their existing Pay TV packages, procuring IPTV subscriptions, etc. It quickly started to gain traction in China and parent company ByteDance launched an international version the following year. Sun Yu in Beijing. Experience Your Economic Times Newspaper, The Digital Way! Growth Rates: Formula, How to Calculate, and Definition Growth rates are the percent change of a variable over time. 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. But analysts worry things could start to look dicey for Square once the mom-and-pop outlets it depends on can no longer turn to government stimulus money for support. When Chinas lockdown hit in late January, JD.com was the only ecommerce player reliably delivering packages. It can be applied to GDP, corporate revenue, or an investment portfolio. Tencent's second-biggest revenue driver is online gaming, so a slowdown in this segment is a drag on overall growth. Still, even Mr Musk said on Twitter, on May 1, that the Tesla stock price is too high. 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. Tencent is set for revenue growth recovery with the pace gradually accelerating into 2023, Goldman analysts led by Ronald Keung wrote in the report. Now, with couriers back at their posts and its millions of merchants back at their keyboards, the Hangzhou-based company is expected to fully reap the rewards of coronavirus-induced caution. 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. The boom in debt issuance by corporate America has been good to S&P Global, the largest credit rating agency. The group bought British game studio Sumo for US$1.3 billion (RM7 billion) last year and increased its stake in French studio Ubisoft in September. Tencent's second-biggest revenue driver is online gaming, so a slowdown in this segment is a drag on overall growth. Sales at the Shenzhen-listed company rose during the period, though profits slipped. However, the rising sales of counterfeit products, especially in countries, such as China and Indonesia, owing to their relatively lower prices, do not bode well for the growth of the market. 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. Key stat: Upgraded outlook in May to forecast net revenues up 5 per cent to $6.8bn this year. Richard Waters. Donato Paolo Mancini. Flutters 10bn merger with Canadian online gaming behemoth Stars Group, which completed in May, has given the Paddy Power owner more exposure to online gaming and allowed it to enter new markets such as Latin America. Edward White. Key stat: 830 net new subscription customers in the three months to the end of April to 6,261 in total, marking 105 per cent growth year on year. Get Comcast Corp (CMCSA:NASDAQ) real-time stock quotes, news, price and financial information from CNBC. Free upgrade to enterprise license (allows to share across all company locations), 5. The Foxconn rival has been tipped as a likely beneficiary of Apples push to diversify its supply chain. Xueqiao Wang. Opening its business-focused app to a wide group of non-paying consumers and educational institutions brought challenges, but also helped turn Zoom into a household name. Choose reports from a database of more than 10,000 reports. Market players are also focusing on merger & acquisition deals as part of their efforts to stay competitive in the market. Key stat: In a recent graduate recruitment presentation, the company claimed it had enough cash to survive 17 years with no sales. As the name suggests, it originally functioned as a simple messenger app, a Chinese equivalent to WhatsApp in essence. All Rights Reserved. Key stat: T-Mobile added 452,000 postpaid phone subscribers in the first quarter. Microsoft Media Relations, Assembly Media for Microsoft, [emailprotected]. Originally launched as a short-form video sharing platform, primarily for lipsyncing and dancing videos, TikTok has grown into a fully-fledged video service, Key stat: 32% the proportion of luxury goods Chinese consumers purchased at home last year. Gilead Sciences has been the only branded drug approved for treating Covid-19 patients. Tencent has increasingly turned to overseas business, particularly in Europe. A Hong Kong-listed company controlled by Jack Ma, it focuses on pharmaceutical ecommerce and operates Chinas drug product identification, authentication and tracking system. Why follow tips? Key stat: 19.3bn: annual turnover of Unilevers foods division, which some analysts believe it will spin off. TikTok, known as Douyin in its home market, was launched in China in September 2016. Donato Paolo Mancini. Hansoh Pharmaceutical was listed in Hong Kong last year and develops innovative and first-to-market generics. The food delivery market has seen significant growth over the past five years. Sun Yu in Beijing. 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. By the end of April it had reported an across-the-board jump in activity on its cloud services for content creation which have grown out of products such as Photoshop as well as workflow tools based around digital documents. Claire Bushey in Chicago. The platform also was increasingly used for misinformation related to the pandemic. Working with the Canadian company AbCellera, it found the most effective antibodies and reproduced them. It has led to a surge of one-third in the share price of Prosus, the companys European investment vehicle that is waving the cheque book for deals in the post-coronavirus world. Teladoc, which offers online consultations with doctors, has soared by 130 per cent since the beginning of the year and posted first-quarter revenues up 41 per cent as people have sought to avoid hospitals and doctors surgeries during lockdown. Your transaction & personal information is safe and secure. Key stat: 402 miles: the range of Teslas latest Model S, underscoring its technological lead. Key stat: 44 per cent revenue growth in the first quarter of 2020. 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 One of the worlds largest insulin producers, Novo Nordisk benefited from a recent surge in demand across the pharmaceuticals sector, as patients and healthcare providers stockpiled drugs. 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. 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. The $200+ billion gaming industry is the largest and fastest-growing form of entertainment. 2022 CNBC LLC. The report will account for Covid19 as a key market contributor. All times are ET. Mindray has exported nearly 100,000 medical devices, including ventilators, during the coronavirus pandemic. Well send you a myFT Daily Digest email rounding up the latest Coronavirus economic impact news every morning. Some key players operating in the video game market include Microsoft Corporation, Nintendo Co., Ltd., Rovio Entertainment Corporation, NVIDIA Corporation, Valve Corporation., PlayJam Ltd., Bluestack Systems, Inc., and Sony Corporation. But Nvidias business has been helped by the growing importance of ecommerce in selling new graphics cards, along with a shift towards online gaming. For reprint rights: Inciting hatred against a certain community, Captain Modi Leads BJP to Record 7th Gujarat Poll Cup Win, Revised Telecom Draft to Clear Air on OTT, DTH, RBI Buys Estimated $8b from Market in Week, Weekly Top Picks: Seven large & mid caps with consistent score improvement and upside potential of up to 42%, What do Q2 LIC results indicate for other Insurance companies? TikTok is seeing phenomenal growth across the Gulf Cooperation Council (G.C.C. Tencent's fintech and business services division, which includes its cloud computing division, grew 4% year-on-year in the third quarter. Netflix added twice as many subscribers as it had forecast in the first three months of the year, as the largest paid streaming service entertained global lockdown audiences with shows such as Tiger King, La Casa de Papel and Love is Blind. Pet owners have been stocking up on food, treats and other supplies under lockdown, a boon for online specialist Chewy, which floated last year. Today, Microsoft Corp. (Nasdaq: MSFT) announced plans to acquire Activision Blizzard Inc. (Nasdaq: ATVI), a leader in game development and interactive entertainment content publisher. Chinese people isolated at home turned to Tencents virtual worlds. Tencents advertising revenue fell 5 per cent from a year ago to 21.5 billion yuan in the third quarter. E-commerce company Alibaba has used its AliExpress and Lazada brand to expand abroad, for example, while Tencent has found big success with its online games. The Asia Pacific dominated the market in 2021 with a revenue share of over 53%. It saw its largest growth in five years in 2020 due to the coronavirus pandemic. 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. Mark Vandevelde in New York. Key stat: Amazon anticipates it could spend $4bn to keep its logistics running during the coronavirus crisis. Shopify overtook eBay to become the second-biggest ecommerce group after Amazon by US market share last year, processing $61bn worth of merchandise globally. South Korean pharmaceutical group Celltrion has promoted its development of an antiviral treatment to fight Covid-19 while producing its own diagnostics kits. 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. Our mission is to help our customers identify more sales opportunities, close more deals and accelerate growth. Key stat: The Chinese group is investing 1.8bn in a German battery plant. Several gaming companies also released their online games for free downloading. Its advances in the use of extreme ultraviolet light means ASMLs machines can etch a greater number of circuits per chip key for advances in the internet of things, AI and 5G communications. Besides continued pressure from Covid outbreaks, Chinese tech companies also face a tougher regulatory environment at home. South-east Asias biggest listed technology company benefited from drawing the bulk of its revenue from two coronavirus-proof sectors: gaming and ecommerce. The Chinese gaming group, known for its mobile title Fantasy Westward Journey, benefited from millions of its users being stuck at home seeking entertainment due to the outbreak of coronavirus 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. Donato Paolo Mancini. Forward-looking statements speak only as of the date they are made. Its shares have jumped 70 per cent since April alone. Miles Kruppa in San Francisco. Other industry giants have also reported sluggish performance in recent months. Lucrative features, such as high-end displays and sound systems designed to provide an improved and enriched experience to gamers, are anticipated to drive the growth of the console segment. For instance, in December 2021, Tencent Holdings Limited partnered with NVIDIA Corporation to launch START, a new cloud gaming service, to allow gamers to access AAA games on underpowered devices. !function(e,i,n,s){var t="InfogramEmbeds",d=e.getElementsByTagName("script")[0];if(window[t]&&window[t].initialized)window[t].process&&window[t].process();else if(!e.getElementById(n)){var o=e.createElement("script");o.async=1,o.id=n,o.src="https://e.infogram.com/js/dist/embed-loader-min.js",d.parentNode.insertBefore(o,d)}}(document,0,"infogram-async"); The food delivery industry is expected to grow to $320 billion by 2029. Chinas ecommerce giant experienced stagnating sales at its core Tmall and Taobao online marketplaces in the first quarter under the strain of undermanned courier partners. 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. Mark Vandevelde. Since then it has climbed even higher. Donato Paolo Mancini in London. Market players are focusing aggressively on innovation and product differentiation to cement their respective market shares. The products are aimed at companies that want such services but don't necessarily want to maintain the infrastructure, such a servers, or build those features themselves. PayPal facilitated the transfer of more than $1bn in federal loans as part of the US Small Business Administrations Paycheck Protection Program. This report forecasts revenue growth at the global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2017 to 2030. For instance, the Game Developers Conference, which was initially scheduled for June 2020, was postponed officially. The move marks a realization that Tencent needs to find new sources of growth abroad as China's economy slows. Additional information and where to find it. 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. In addition, please refer to the documents that Microsoft and Activision Blizzard file with the SEC on Forms 10-K, 10-Q and 8-K. When you buy physical gold you dont get a yield, but if you buy a well-run sustainably run gold mining company you should get a yield, says Barricks fast-talking chief executive Mark Bristow, who has cranked up dividend payments over the past six months on the back of the rising gold price. Key stat: 39 per cent the rise in advertising impressions at Facebook in the first quarter of the year. Its stock is back to near a 10-year high, and up more than 110 per cent since a three-year low in March. China last month reported its first decline in exports since the early days of the pandemic, while factory activity and gate prices also fell. Regulators also froze game approvals for several months, meaning companies like Tencent and rival NetEase could not launch and monetize new titles. Upon close, Microsoft will have 30 internal game development studios, along with additional publishing and esports production capabilities. Moderna was the first US company to get a potential coronavirus vaccine to human trial. Key stat: 4.6bn Audis operating profit in 2019, the largest of VWs 12 marques. 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. Key stat: 4.6m students were signed up in February, a 57 per cent year-on-year rise. To the extent that holdings of Activision Blizzards securities have changed since the amounts printed in Activision Blizzards proxy statement, such changes have been or will be reflected on Statements of Change in Ownership on Form 4 filed with the SEC. Time spent playing games by minors decreased 92% year-on-year due to new local regulations. Key stat: SF Holding posted 39.6 per cent revenue growth in the first quarter. Latest News. Key stat: Online gaming revenues rose 31 per cent in the first quarter. Complimentary 10 hours free analyst time for market review, 3. The clear technology leader for battery-powered cars, Tesla is outpacing legacy competitors as they struggle to retool factories and perfect software. Hannah Murphy. and other data for a number of reasons, such as keeping FT Sites reliable and secure, Key stat: Shares are up 71 per cent in 12 months. Knocks to Facebooks advertising business during the pandemic have been offset by its 2.6bn entertainment-starved users spending more time on the platform. It focuses on psychotropic, oncology and diabetes drugs. Video gaming trends are experiencing a massive surge in players and revenue. Key stat: Lowes hired more than 100,000 workers for the spring season after a surge in demand. Christian Shepherd in Beijing. 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. personalising content and ads, providing social media features and to But investors later took heart when Unilever said it would seek to consolidate into a single UK company, abandoning a dual British/Dutch structure. The longer the current situation lasts, the bigger the benefit to Netflix. Anna Nicolaou. China is ahead in total revenue for food delivery, at $27.3 billion in 2021. The company is enjoying a perfect storm, said Michael Nathanson, analyst at MoffettNathanson. Once the deal closes, the Activision Blizzard business will report to Phil Spencer, CEO, Microsoft Gaming. The growing concerns over data security and piracy protection and the rising instances of fraud during gaming transactions are also emerging as potential threats restraining the growth of the market. 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). Neil Hume in London. The worlds biggest cosmetics companys sales have held up well during the Covid-19 crisis, thanks to its heavy investments inonline sellingand marketing. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. Alistair Gray. Siddharth Venkataramakrishnan. Several apps launched rapid grocery delivery services, to compete with Getir and Gorillas. 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. Richard Waters. AFP, A man walks outside the Tencent headquarters in Nanshan district of Shenzhen, Guangdong province September 2, 2022. Tencent Sector: technology / HQ: shenzhen, china. Hannah Kuchler. Our food delivery app report includes breakdowns of all of the top apps by revenue, GMV and orders, alongside regional market share statistics, usage, and downloads. Our mission, to connect and engage the world through epic entertainment has never been more important. Get all the latest India news, ipo, bse, business news, commodity only on Moneycontrol. Key stat: Annual recurring revenues from enterprise customers rose 59 per cent year on year in the first quarter. Key stat: $7.3bn the price Just Eat Takeaway will pay to buy US rival Grubhub. The company benefited from providing internet medical services during the Covid-19 emergency. Many non-essential procedures have been postponed until business returns to normal, meaning insurers have to disperse less in payments to healthcare providers. Mobile is the largest segment in gaming, with nearly 95% of all players globally enjoying games on mobile. Meituan contributed to $15 billion of that revenue, as the largest food delivery app in the world by revenue and usage. 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. Rising gold prices meant Newmont, the worlds biggest gold producer, increased its first-quarter dividend by 79 per cent and repurchased $300m of shares. Key stat: The company expects parcel volume to grow 31 to 35 per cent this year. For more information, financial analysts and investors only: Brett Iversen, General Manager, Investor Relations, (425) 706-4400. Key stat: Global Hemlibra sales surged 146 per cent during the first quarter. Mark Vandevelde. Now Takeaway founder Jitse Groen is looking to take a bite out of Uber in the US, with its blockbuster bid for Grubhub. However, several companies also had to confront delays and interruptions in their product launches in the wake of the outbreak of the pandemic. On Wednesday, Tencent said revenue fell 2 per cent to 140 billion yuan (US$19.8 billion) for the three months ended Sept. 31, from 142.3 billion yuan a year earlier. The products released Wednesday focus on audio and visual products such as live streaming for e-commerce or online meetings. 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. The growing popularity of e-sports tournaments and the increasing number of professional gamers are also driving the sales of video games and accessories. Hannah Kuchler in New York, Key stat: Consistently maintains a profit margin above 90 per cent.Kweichow Moutai, maker of Chinas best-known distilled spirit, seems well positioned to benefit from the reopening of the Chinese economy. Key stat: The companys share price has soared 62 per cent this year. Neil Hume. Covid-19 hit the so-called Four Rings hard, bringing its usually healthy profit margins down to almost zero in the first three months of 2020. The company is benefiting both from mandatory biological equivalency tests that aim to eliminate inferior generics, and an accelerated drug approval process. Simeon Kerr in Dubai. As a member of the Fortune 500 and as a component company of the S&P 500, we have an extraordinary track record of delivering superior shareholder returns for over 30 years. Mark Vandevelde. There were concerns that in a world of social distancing, sales would suffer. The food delivery market has seen significant growth over the past five years. Meanwhile, chief executive Elon Musk is promising to upend the entire model of car ownership with fleets of self-driving robotaxis that would charge by the mile. WeChat was launched in 2011 as Weixin, Mandarin for micro-message. Key stat: Hours spent playing games on Nvidias platforms jumped 50 per cent during lockdowns. eSports is also another sector which is expected to be favorably impacted by more and more people confined to their homes. US health insurer Centene has experienced a surge in profits because of the coronavirus emergency. Financial Services Make smarter business decisions knowing how consumers and businesses manage their money, borrow and make payments. Key stat: Sliced $1bn off its annual revenue guidance due to the difficulty of closing sales in the pandemic. It was a record haul for a boutique in China, according to the French group. Its mission is to empower every person and every organization on the planet to achieve more. In the first quarter, it beat expectations and raised guidance for the full year. Tencent appeared to have laid off a number of employees in the third quarter, with the company shrinking its payroll by more than 1,800 employees between June and the end of September, according to stock exchange filings. We want to hear from you. 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. Together we will build a future where people can play the games they want, virtually anywhere they want., For more than 30 years our incredibly talented teams have created some of the most successful games, said Bobby Kotick, CEO, Activision Blizzard. Promptly after filing its definitive proxy statement with the SEC, Activision Blizzard will mail the definitive proxy statement and a proxy card to each stockholder entitled to vote at the special meeting relating to the transaction. Still, the accelerated shift to online shopping and the increased importance of its cloud computing business in the remote work era drove Amazons stock to all-time highs. Shareholder and financial information, as well as todays 6:00 a.m. Pacific time conference call with investors and analysts, is available at http://www.microsoft.com/en-us/investor. Zhifei is the local distribution partner of Merck to sell its approved vaccines in China including Gardasil 9. The definitive proxy statement, the preliminary proxy statement and other relevant materials in connection with the transaction (when they become available), and any other documents filed by Activision Blizzard with the SEC, may be obtained free of charge at the SECs website (http://www.sec.gov) or at the Activision Blizzard website (https://investor.activision.com) or by writing to Activision Blizzard, Investor Relations, 3100 Ocean Park Boulevard, Santa Monica, California, 90405. 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. In its hit games such as Honor of Kings, users shelled out for new weapons and outfits. Tencent's focus on audio and video products plays to its strengths as one of the world's largest gaming companies and the owner of WeChat, China's most popular messaging app with over 1 billion users. About Microsoft There will be a recording of the conference call available shortly after the call until Friday, Jan. 28, 2022, at 5 p.m. Pacific time. As the Chinese firm expands overseas, it will enter a very competitive cloud computing market dominated by U.S. giants Amazon and Microsoft. 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. Benjamin Parkin in Mumbai. Americans have also been upgrading their living space, buying more furniture, decor and lighting, while undertaking more DIY projects, boosting demand for tools and materials. Consider the message it sends, Source: Capital IQ; Dates from Jan 1 to Jun 17, figures converted to US dollars. Like rival tower owner ATC, Crown Castle has been one of the best-performing stocks in real estate. Key stat: Snaps first-quarter revenues jumped 44 per cent to $462m. Hannah Kuchler. This FREE sample includes market data points, ranging from trend analyses to market estimates & forecasts. Key stat: Square distributed $800m to small businesses as part of the US governments stimulus package. Hannah Kuchler. Since consumers are forced to stay at home, they are turning to popular OTT service providers such as Netflix, Amazon Prime, etc. Key stat: The number of PDF documents shared using Adobes software rose 50 per cent compared with same quarter a year ago. AroundDeal extension helps you find targeted contacts on LinkedIn, HubSpot, Salesforce or any company site. 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 Richard Waters. "The quality of research they have done for us has been excellent.". Ryan McMorrow. Key stat: Shares have risen more than 50 per cent this year. It has also been well-positioned for the world of remote work. Shares of the distiller have gained a quarter since January as the company defied an industry-wide sales slump with revenue rising 15 per cent in the first three months of the year. Tencent is the largest stakeholder, with a 20 percent stake, Backed by SoftBank, Rappi has aggressively pushed into the South American market, currently active in nine countries, Brazil's most popular aggregator by a significant margin, accounting for over 70 percent of online takeaway orders in the country, The most popular of the homegrown food delivery apps in India, which acquired Uber Eats India in January 2020, Food Delivery App Revenue and Usage Statistics (2022), China is the largest market for food delivery, with a market size of $27.3 billion in 2021. Between January 2019 and March 2020, Muyuan shares rose about 340 per cent. It now earns 20 per cent of group sales from its own ecommerce sites or those of retailers, giving it a real competitive advantage over other cosmetics and personal care players. Tencent to see revenue and profit growth from fourth quarter, Goldman says. Online games also facilitate in-game communication and contribute toward enhancing the overall gaming experience, which bodes well for the growth of the segment. 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. Are shown in real estate economy and a tougher regulatory environment at home turned overseas... 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