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Tencent feels heat from gaming rivals Alibaba, ByteDance and Genshin Impact maker miHoYo

news Tencent feels heat from gaming rivals Alibaba, ByteDance and Genshin Impact maker miHoYo Josh Ye josh.ye@scmp.com A Tencent Games logo from an app is seen on a mobile phone in this illustration picture taken November 5, 2018. Photo: Reuters Tencent Holdings, the world s largest video games company by revenue, saw remarkable growth in 2020, but it now finds itself on the defensive, trying to tap into new gaming genres as large tech rivals and gaming upstarts chip away at its empire. The Shenzhen-based company, which gets a third of its revenue from gaming, invested in 29 video game companies last year, three times more than in 2019. Tencent also pulled in more than US$2.6 billion from each of its two biggest mobile games, PUBG Mobile and Honour of Kings, a first for any gaming company, according to app tracking firm Sensor Tower.

Why do the words twelve and eleven diverge from the patterns of English numerals?

Why do the words ‘twelve’ and ‘eleven’ diverge from the patterns of English numerals? The words for “eleven” and “twelve” differ from the patterns of English numerals – why? Photo: Shutterstock The 5th or 6th of January, depending on when counting starts, is Twelfth Night, the last evening of the traditional 12 days of Christmas. Why do the words twelve and eleven diverge from the patterns of other English numerals? From twenty-one to ninety-nine , there is a logical principle of stating the number of tens followed by the units. With the teens, conversely, the unit is followed by an inflected form of ten from Old English (originating in Germanic). Thirteen, for example, derives from the Old English þreo three and tIene ten .

Li Ka-shing s Horizons Ventures leads funding round in operator of Indonesia s fifth-largest stock brokerage

Li Ka-shing’s Horizons Ventures leads funding round in operator of Indonesia’s fifth-largest stock brokerage Ajaib has hired South Korean actor Kim Seon-ho as a brand ambassador. Photo: Twitter Hong Kong tycoon Li Ka-shing s Horizons Ventures has led a US$25 million funding round in Ajaib Group, an online investment platform that runs the fifth-largest stock brokerage in Indonesia. Ajaib was founded in 2019 and its brokerage arm Ajaib Sekuritas has emerged as Indonesia s fifth-largest based on the number of trades following its launch in June 2020. It has facilitated more than 10 billion lots of stock transactions on the platform. The company, which serves more than a million users every month on average, also operates Ajaib Reksadana, an online mutual funds platform.

China s second-half car sales defy global slump with 8 per cent gain, as buyers return to showrooms in world s largest vehicle market

China’s second-half car sales defy global slump with 8 per cent gain, as buyers return to showrooms in world’s largest vehicle market Daniel Ren in Shanghai ren.wei@scmp.com © SCMP Customers thronged a Tesla showroom on Shibo Avenue in Shanghai s Pudong district to check out the locally assembled Model Y on january 3, 2021. Photo: Daniel Ren China s car sales increased during the six months ended in December, as customers returned to showrooms amid a tentative recovery in consumer sentiment in the first major economy to emerge from the coronavirus lockdown. Sales of passenger vehicles - cars, sports-utility vehicles (SUVs) and minivans, excluding commercial trucks and buses - rose 8 per cent to 11.75 million units in the six-month period, compared with the interim a year earlier. Annual sales volume fell for the third straight year in 2020, shrinking by 6.8 per cent to 19.6 million units, according to data by the China Passenger Car Association (CPCA), as

China consumer inflation turned positive in December on higher food prices

China's headline consumer inflation recovered in December after dropping into negative territory in the previous month for the first time in 11 years, data released on Monday showed. China's official consumer price index (CPI) rose to 0.2 per cent in December from a year earlier, from minus 0.5 per cent in November, according to data released by the National Bureau of Statistics (NBS). This was above with the median results of a Bloomberg survey.

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