Tencent's fintech and business services division, which includes its cloud computing division, grew 4% year-on-year in the third quarter. But investors later took heart when Unilever said it would seek to consolidate into a single UK company, abandoning a dual British/Dutch structure. Besides continued pressure from Covid outbreaks, Chinese tech companies also face a tougher regulatory environment at home. The Azure cloud computing platform has become a more critical part of the digital backbone for many companies. Which segment accounted for the largest video game market share? Here we can see that the most assertive players will be able to restore more than 11 percent of the 12 percent loss in projected revenue growth, as well as 7.3 percent of the 10.4 percent reduction in profit growth. Growth Rates: Formula, How to Calculate, and Definition Growth rates are the percent change of a variable over time. 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. Please fill out the form below for a free PDF report sample & Key stat: $1bn the funding secured to develop a vaccine from the US government. In a dismal year for most companies, a minority have shone: pharmaceutical groups boosted by their hunt for a Covid-19 vaccine; technology giants buoyed by the trend for working from home; and retailers offering lockdown necessities online. 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. Addition or alteration to country, regional & segment scope. The lights went out at many office buildings and shopping centres this March but DRTs data centres were running at full power. Don Weinland in Beiing. To rank companies that prospered in the pandemic, we have chosen to look at equity value added. 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. 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. The company benefited from a business based largely on subscriptions, helping shield it from the fallout in advertising. Several apps launched rapid grocery delivery services, to compete with Getir and Gorillas. Key stat: Shares in the medical devices maker are up 53 per cent this year. These forward-looking statements generally are identified by the words believe, project, predicts, budget, forecast, continue, expect, anticipate, estimate, intend, strategy, future, opportunity, plan, may, could, should, will, would, will be, will continue, will likely result, and similar expressions (or the negative versions of such words or expressions). Mobile is the largest segment in gaming, with nearly 95% of all players globally enjoying games on mobile. Video gaming trends are experiencing a massive surge in players and revenue. 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. 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. Just 42 days after it received the genetic sequence of the virus, Moderna had a vaccine in vials ready to test. Neil Hume. Covid-19 provided a boost to this Australian software company, which specialises in developing tools to help people collaborate and remain productive while working remotely. 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. 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. Nearly 80% of Revenue Comes From China. Leila Abboud. Goldman Sachs & Co. LLC is serving as financial advisor to Microsoft and Simpson Thacher & Bartlett LLP is serving as legal counsel. Key stat: The companys share price has soared 62 per cent this year. Tim Bradshaw in London. Alistair Gray. Shenzhen-listed Mindray designs and manufactures advanced medical equipment and accessories for human and veterinary use, selling its products in China and overseas. Key stat: 28 per cent year-on-year rise in customers in the first quarter. 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. As demand rose for its ultra-cheap goods, the total value of transactions over its platform soared and revenues were up 44 per cent 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. Key stat: 402 miles: the range of Teslas latest Model S, underscoring its technological lead. Its new nasal spray influenza vaccine was approved in March, the first live attenuated flu vaccine in China. Key stat: Even with sports fixtures cancelled worldwide, Flutter increased gambling revenues 10 per cent year on year in the three months to May 17. Gilead Sciences has been the only branded drug approved for treating Covid-19 patients. 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. 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. But premiums have remained the same, fattening margins. Ryan McMorrow in Beijing. !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. 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Richard Waters. Hannah Murphy. Delivery Hero, through its subsidiary brands of foodpanda, Glovo, PedidosYa, tabalat and Baedal Minjok, has the most active users. 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. Key stat: 183m global subscribers by the end of Q1, a 23 per cent jump from a year earlier. Allen & Company LLC is acting as financial advisor to Activision Blizzard and Skadden, Arps, Slate, Meagher & Flom LLP is serving as legal counsel. Many factors could cause actual future events to differ materially from the forward-looking statements in this presentation, including but not limited to: (i) the risk that the transaction may not be completed in a timely manner or at all, which may adversely affect Activision Blizzards business and the price of the common stock of Activision Blizzard, (ii) the failure to satisfy the conditions to the consummation of the transaction, including the adoption of the merger agreement by the stockholders of Activision Blizzard and the receipt of certain governmental and regulatory approvals, (iii) the occurrence of any event, change or other circumstance that could give rise to the termination of the merger agreement, (iv) the effect of the announcement or pendency of the transaction on Activision Blizzards business relationships, operating results, and business generally, (v) risks that the proposed transaction disrupts current plans and operations of Activision Blizzard or Microsoft and potential difficulties in Activision Blizzard employee retention as a result of the transaction, (vi) risks related to diverting managements attention from Activision Blizzards ongoing business operations, (vii) the outcome of any legal proceedings that may be instituted against Microsoft or against Activision Blizzard related to the merger agreement or the transaction, (viii) the ability of Microsoft to successfully integrate Activision Blizzards operations, product lines, and technology, and (ix) the ability of Microsoft to implement its plans, forecasts, and other expectations with respect to Activision Blizzards business after the completion of the proposed merger and realize additional opportunities for growth and innovation. 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. Various press conferences scheduled to deliver the latest game announcements and trailers were also postponed. Latest News. In connection with the transaction, Activision Blizzard, Inc. will file relevant materials with the SEC, including a proxy statement on Schedule 14A. Its shares have jumped a fifth in 2020, far outpacing its namesake S&P 500 index. 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. Alistair Gray. We value your investment and offer free customization with every report to fulfil your exact research needs. The onset of coronavirus in China, which started in late January, pushed food prices higher, adding another $6bn in personal wealth to Mr Qins pig farming fortune. Key stat: Chewy added 1.6m new customers in the first quarter, bringing the total to 15m. 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. Want to learn more about the food delivery app industry? Dave Lee. Key stat: The company expects parcel volume to grow 31 to 35 per cent this year. 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 second-biggest revenue driver is online gaming, so a slowdown in this segment is a drag on overall growth. Its red, three-wheeled delivery carts remained on city streets as those ferrying goods on behalf of its rivals Alibaba and Pinduoduo struggled to find couriers. 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. It is sold globally with AstraZeneca, which struck a $6.9bn deal with the Japanese company for shared rights to the treatment. The mobile segment dominated the market in 2021 with a revenue share of over 40%. Moderna was the first US company to get a potential coronavirus vaccine to human trial. Since then it has climbed even higher. Our mission, to connect and engage the world through epic entertainment has never been more important. Eli Lilly started the first study of an antibody treatment for Covid-19 this month. 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. Hansohs almonertinib received market approval in China for second-line treatment for patients with NSCLC (the most common type of lung cancer) in March. The network effects of more delivery riders, alongside route optimisations technologies, has enabled faster and cheaper delivery. Key stat: The iPhone maker managed to rake in $58.3bn in revenue in the March quarter, despite closing all of its retail stores. SF Holding runs Chinas most reliable courier operation. 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. Nestl reported a boost to first-quarter growth from higher purchasing of its Purina petcare range, coffee and frozen food. Key stat: In a recent graduate recruitment presentation, the company claimed it had enough cash to survive 17 years with no sales. 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. The Shenzhen-headquartered company views cloud computing as an area that could pick up the slack. 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. 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. Still, even Mr Musk said on Twitter, on May 1, that the Tesla stock price is too high. The growing popularity of e-sports tournaments and the increasing number of professional gamers are also driving the sales of video games and accessories. As Japan lifted its state of emergency in late May to reflect falling Covid-19 cases, Daiichi Sankyo launched breast cancer drug Enhertu. 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Key stat: 4.6m students were signed up in February, a 57 per cent year-on-year rise. Uber Eats, Deliveroo and DoorDash all reported a massive acceleration in orders between February and March, as the world went into lockdown. Market sentiment has moved from growth to profitability, and most food delivery apps remained unprofitable throughout the pandemic. Dave Lee in San Francisco. The Chinese tech giant posted a drop in revenue for the second quarter in a row. Microsoft even has a way to satisfy the personal: a record 90m players turned to the Xbox Live gaming service in April. Key stat: Paid membership in the US rose from 27m to 43m in the first quarter. Other names in the Tencent stable Key stat: The company built 993 communication towers in the first quarter, more than three-quarters of them in Asia and Africa. Other industry giants have also reported sluggish performance in recent months. AroundDeal extension helps you find targeted contacts on LinkedIn, HubSpot, Salesforce or any company site. The transaction is subject to customary closing conditions and completion of regulatory review and Activision Blizzards shareholder approval. For instance, the Game Developers Conference, which was initially scheduled for June 2020, was postponed officially. Donato Paolo Mancini. Jamie Smyth in Sydney. Chinese tech giants are not only looking to new business divisions for growth, they are also looking for new revenue streams overseas. Key stat: Year-on-year revenue increased 36 per cent in the first quarter. Financial Services Make smarter business decisions knowing how consumers and businesses manage their money, borrow and make payments. Through communities rooted in our video game franchises we enable hundreds of millions of people to experience joy, thrill and achievement. But Facebooks engagement levels exploded, increasing its advertising impressions. Key stat: Alibabas cloud unit grew 57 per cent in the first quarter. Veeva is a Salesforce for life sciences, a cloud-based system that helps pharmaceutical companies manage data. "The quality of research they have done for us has been excellent.". In May 2020, Twitter moderators marked two tweets from U.S. President Donald Trump as "potentially Tom Braithwaite. Tencent saw a 3% increase in its international gaming revenue, but a 7% drop domestically. Key stat: 4.6bn Audis operating profit in 2019, the largest of VWs 12 marques. 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. Trading at 800 at the start of the year, the shares have been on a meteoric rise since February, when parent company VW announced it would buy out remaining stakeholders. Key stat: Annual recurring revenues from enterprise customers rose 59 per cent year on year in the first quarter. Hansoh Pharmaceutical was listed in Hong Kong last year and develops innovative and first-to-market generics. Judith Evans in London. 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. 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. Key stat: Zoom video calls reached 300m participants a day* in April. Key stat: 80 per cent of revenue comes from repeat subscriptions paid by large companies. 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. As the Chinese firm expands overseas, it will enter a very competitive cloud computing market dominated by U.S. giants Amazon and Microsoft. 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. A subsidiary of Samsung that focuses on manufacturing biopharmaceuticals on a contract basis, the company gained from striking deals this year withVir Biotechnology to produce Covid-19-neutralising antibody products and GSK, to expand its manufacturing capacity. No purchase commitment. Advisors This is attributable to the ever-increasing smartphone penetration and the growing demand for entertainment in China. 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. Atlassian is giving away some products for free during the crisis in a bid to grow market share and boost revenues. The $200+ billion gaming industry is the largest and fastest-growing form of entertainment. Leo Lewis in Tokyo. Key stat: Sales rose 7.2 per cent in the first quarter but this was the slowest rate in a decade. The mobile segment is expected to continue dominating the market over the forecast period. The growing number of online gamers and the rising popularity of online gaming tournaments in the Asia Pacific is prompting market players to launch platforms that can potentially allow gamers to access AAA games. 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. Tencent to see revenue and profit growth from fourth quarter, Goldman says. Its money transfer app Venmo was popular, pre-coronavirus, for friends settling dinner bills. The company hasdeniedthe allegations. Key stat: Reliance has raised $15bn from investors since April. Botox was one of the key reasons for AbbVie wanting to buy Allergan securing solid cash flow from the cosmetic treatment. 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. 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. The global video game market is expected to grow at a compound annual growth rate of 12.9% from 2022 to 2030 to reach USD 583.69 billion by 2030. b. When the transaction closes, Microsoft will become the worlds third-largest gaming company by revenue, behind Tencent and Sony. Mark Vandevelde. While the outbreak of the COVID-19 pandemic took a severe toll on the global economy, the video game industry continued to exhibit remarkable growth. The company is enjoying a perfect storm, said Michael Nathanson, analyst at MoffettNathanson. 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. The biggest boost came from Europe, the Middle East and Africa, where it signed up nearly 7m subscribers in the first quarter. The products released Wednesday focus on audio and visual products such as live streaming for e-commerce or online meetings. Free business intelligence platform with subscription, 4. But Nvidias business has been helped by the growing importance of ecommerce in selling new graphics cards, along with a shift towards online gaming. Investors have been encouraged by RingCentrals growing adoption at large enterprise customers, which makes up more than 30 per cent of the business. 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. Paint, piping, lumber, drills and fittings are among the many products stocked by Lowes and its sales have boomed. When consumers rushed out to stockpile ahead of lockdowns this year, the worlds largest food company reaped the benefits. A surge in orders pushed net sales in the three months to May up 46 per cent from a year ago to $1.6bn. to satiate their entertainment needs. Mark Vandevelde. JPMorgan thinks emerging markets will be the star next year, returning 14%. 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. The global market observed a humongous growth rate of 5.7% in 2020 as compared to 9.8% in 2019. The pandemic accelerated shoppings shift online, with Shopify among the prime beneficiaries doubling its valuation since the start of 2020. US authorities allowed the companys megastores to remain open throughout the pandemic because much of the equipment they stock, such as water heaters, refrigerators and electrical and plumbing gear, make them lifelines in home emergencies. Consoles are also equipped with innovative features that allow gamers to record in-game footage and share it online. Who are the key players in the video game market? Understand how marketers are most effectively reaching consumers and which channels have the most growth potential. In mid-June, VW confirmed it would pay 1,551.53 per outstanding share, subject to approval at the companys next AGM. PayPal facilitated the transfer of more than $1bn in federal loans as part of the US Small Business Administrations Paycheck Protection Program. Key stat: Offcn founder Li Yongxin is Chinas richest edtech entrepreneur. The growth of the segment can be attributed to the growing popularity of multiplayer games. Upon close, Microsoft will have 30 internal game development studios, along with additional publishing and esports production capabilities. 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 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. 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 global video game market size was estimated at USD 195.65 billion in 2021 and is expected to reach USD 220.79 billion in 2022. b. Key stat: Like-for-like sales rose in 11 of The Home Depots 14 departments in the first quarter. For Mercado Libre, being in the right place at the right time has proved critical. Please wait while we are processing your request Video Game Market Size & Share Growth Report, 2030. Key stat: Received regulatory clearance for its $63bn deal for Allergan in May. 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. 29, 2021 In a new report, Accenture (NYSE: ACN) estimates that the full value of the gaming industry now exceeds $300 billion, more than the combined markets for movies and music, driven by a surge in mobile gaming and an emphasis on social interaction during the COVID-19 pandemic. Key factors that are driving the video game market growth include the growing penetration of internet services coupled with the easy availability and access of games on the internet across the globe. Key stat: Nestls petcare division boasted 13.9 per cent organic growth in the first quarter. 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. Related imagery is also available. Additional information and where to find it. A strong China open for 'Avatar' lays the ground for a film stock rally, Morgan Stanley says, Morgan Stanley turns bullish on China stocks, giving them serious upside potential, Deutsche upgrades Estee Lauder, says cosmetics stock will get a boost from China reopening in 2023. Record revenues followed, but also soaring costs. This will alert our moderators to take action. 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. Beijing, Nov 16, 2022 -Chinese tech giant Tencent's revenue fell 2 percent year on year in the third quarter, the company said Wednesday, as Beijing's regulatory crackdown on video games and the tech sector hit earnings. Tencent has increasingly turned to overseas business, particularly in Europe. Already, companies such as BMW use some of Tencent's cloud products. With ecommerce receiving a pandemic boost, investors are betting one of Chinas largest delivery companies will be taken along for the ride. 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. Once the deal closes, the Activision Blizzard business will report to Phil Spencer, CEO, Microsoft Gaming. Explore purchase options. Demand for its hit game Free Fire surged in the March quarter while a consumer shift to digital channels boosted sales for its loss-making ecommerce business in south-east Asia and Taiwan. 6. We use Simeon Kerr in Dubai. As the pioneer of cloud-based software applications for businesses, Salesforce could be lifted by the greater urgency for companies to digitise their operations. The Teams communication app has become a way for workers to stay in touch. Search advertising appeared to stabilise early in the crisis, after touching bottom in late March. Wider usage brought attention to its security lapses and while some prominent companies warned their staff not to use it, the controversy did little to hurt business. The last of them totals up actions companies take in each dimension of digitization. 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. NEW YORK; Apr. Analysts anticipate more consolidation as smaller competitors exit. As the name suggests, it originally functioned as a simple messenger app, a Chinese equivalent to WhatsApp in essence. Twitter started marking tweets which contained misleading information, and adding links to fact-checks. Public companies had the tailwind of a surprisingly robust stock market which many believe is a bubble. Free upgrade to enterprise license (allows to share across all company locations), 5. But for investors with their hands on the 0.36 per cent of publicly-traded Audi stock, the past few months have been something of a bonanza. Key stat: The e-signature leader lifted its annual revenue growth target from 31 per cent to 34 per cent, or $1.3bn. A Hong Kong-listed company controlled by Jack Ma, it focuses on pharmaceutical ecommerce and operates Chinas drug product identification, authentication and tracking system. Tencent Sector: technology / HQ: shenzhen, china. 2022 CNBC LLC. The transaction has been approved by the boards of directors of both Microsoft and Activision Blizzard. After becoming the first big software company to shift its business to the cloud, switching one-off product sales for more reliable subscription income, Adobe has experienced barely any interruption from the pandemic. Hannah Murphy, *This article has been amended to clarify that Zoom calls attracted 300m participants in a day, which can include multiple calls from a single user, The first in an FT series on corporate resilience in a year of human and economic devastation, Receive free Coronavirus economic impact updates, Prospering in the pandemic: the top 100 companies, Cloud business reaps rewards of the work-from-home revolution, Pharma industry seizes on pandemic as a shot at redemption, Prospering in the pandemic: the market winners, Prospering in the pandemic: the corporate losers, Vladimir Putin threatens to cut oil output after G7 price cap, Jair Bolsonaro breaks his silence as presidency draws to an end, France through to World Cup semi-final after missed England penalty, Hell. 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. Key stat: 41 per cent year-on-year revenue jump. We enable social connections through the lens of fun, and we foster purpose and meaning through competitive gaming. The unabated increase in the smartphone penetration rate in China is driving the growth of the regional market. 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. Xueqiao Wang. 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. 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. How to play it. Market players are largely focusing on the development of next-generation video game consoles and engaging video game content. Key stat: Investment-grade companies have issued more than $1tn of debt this year, a record. REDMOND, Wash. and Santa Monica, Calif. 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