Key Takeaways:
Tencent reported its first quarter profit fell 22.9%, but the market believes the worst is past after Beijing’s recent end to its freeze on new game approvals
Key Takeaways:
Variety show producer Star CM has filed for a Hong Kong IPO, seeking funds to revive its fading fortunes
Revenue from the company’s flagship “Sing! China” dropped from 1.14 billion yuan during its heyday in 2015 to just 252 million yuan last year.
Key Takeaways:
Tencent Music’s revenue and profit fell 15% and 34%, respectively, in the first quarter, after the company was ordered to stop its anti-competitive practices last year
Tencent Music (NYSE:TME) reported quarterly losses of $(0.06) per share which missed the analyst consensus estimate of $0.07 by 185.71 percent. This is a 154.55 percent decrease over earnings of $0.11 per share from the
Companies Reporting Before The Bell
• AcelRx Pharmaceuticals (NASDAQ:ACRX) is estimated to report quarterly loss at $0.06 per share on revenue of $550.00 thousand.