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In Q1, TENCENT's revenue increased by 13% year-on-year, while Net income fell by 7%. AI-driven honor of kings and other games set new records for revenue | Earnings Reports insights.
In the first quarter, Tencent's revenue was 180.022 billion yuan, a year-on-year increase of 13%, with adjusted Net income increasing by 11% year-on-year. AI capabilities have positively contributed to performance advertising, evergreen games, and other Business, with record-high revenue from "Honor of Kings" and "Crossfire Mobile". The company has increased investment in "Yuanbao applications" and AI within WeChat.
Short-term worries are not to be feared, as Xiaomi has "four bullish factors" ahead.
Despite recent pressure on Xiaomi's stock price due to a decline in Orders, Deutsche Bank believes this is only a temporary adjustment. Deutsche Bank thinks that there is a backlog of 0.21 million electric vehicle Orders for Xiaomi, indicating strong demand, and the upcoming Earnings Reports, self-developed chips, investor day activities, and the launch of new SUV models are four catalysts that could drive a rebound in the stock price within the next two months.
Options Trade for Earnings This Week: OKLO, Walmart and BABA
The bullish outlook from the China-US trade has ignited the enthusiasm of buyers, causing the Market Cap of the "Seven Giants" in the US stock market to soar by 6 trillion overnight!
① On Monday, following the agreement between China and the United States to mutually lower tariffs, the US stock market surged significantly; ② the Market Cap of the Magnificent 7 skyrocketed by 837.5 billion USD (approximately 6 trillion RMB), marking the largest increase since April 9. ③ Analyst Ives from Wedbush predicts that the US stock market and Technology stocks will reach new highs in 2025.
Alibaba And JD.com Are Literally Paying The Price As China Delivery Wars Heat Up
China's food delivery service is expanding globally! Meituan Keeta shows strong performance in the Middle East, with Brazil as the next target.
Meituan will officially introduce Keeta to the Brazilian market in the coming months and plans to invest 1 billion dollars over the next five years. Meituan has already verified the competitive strength of Chinese food delivery in the Saudi market. Citigroup believes that if Keeta can maintain strong growth momentum, it is very likely to catch up to or even surpass the second-ranked food delivery platform Jahez in market share by late 2025.
