Tencent revenue disappoints in warning for China tech sector
Revenue rose a less-than-expected 11% to 149.2bn yuan ($20.5 billion) for the three months ended June.
Source: moneyweb.co.za
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Tencent Revenue Disappoints in Warning for China Tech Sector
(Bloomberg) -- Tencent Holdings Ltd.’s revenue missed estimates, signaling an uneven recovery for the world’s biggest internet arena as it grapples with rising Chinese economic turbulence and anemic consumer sentiment.Most Read from BloombergHollywood Studios Offer Writers a New Deal With Push From Netflix, Iger to End StrikeRussia Calls Emergency Key Rate Meeting as Ruble PlungesTycoon’s Fortune Soars $39 Billion on Eyebrow-Raising SPACRussia’s Emergency Rate Hike Fails to Lift Ruble After Cras
Source: yahoo.com
China ending years-long crackdown restores optimism as tech giants report
Besides tech, Beijing has been trying to revive its troubled property market, including announcing rules to ease down-payment and mortgage rates for first-home buyers.
Source: moneyweb.co.za
Disney celebrates 100th birthday with Vue Entertainment in Worcester
Disney is celebrating its 100th birthday this year
Source: worcesternews.co.uk
New Research Supports the 'Fuzzy' Axion Theory of Dark Matter
Despite proliferating the universe, dark matter has remained elusive. Scientists are starting to think that’s because it’s made of “fuzzy” little axions.
Source: popularmechanics.com