Chengdu 2021 sponsor Tencent unveils solid financial performance – Insidethegames.biz
Chengdu 2021 sponsor Tencent has printed very solid-looking financial figures for the three months to end-June, reinforcing the impression that the booming tech sector is dealing with coronavirus higher than most different industries.
The Chinese firm stated that complete revenues for the interval had been up 29 per cent yr-on-yr at slightly below CNY ¥115 billion (£12.eight billion/$16.2 billion/€14 billion)
Profit rose on the similar price to CNY ¥31.2 billion (£three.5 billion/$four.four billion/€three.eight billion).
Ma Huateng, chairman and chief government, stated that although COVID-19 had swept the world, the Shenzhen-based group had achieved “generally robust operating and financial results”.
This testified to the “diligence of our teams and resilience of our business model”, Huateng added.
The figures, for Tencent Holdings, confirmed on-line video games revenues rising 40 per cent within the second quarter to CNY ¥38.three billion (£four.25 billion/$5.5 billion/€four.7 billion).
The Chengdu 2021 Summer World University Games are deliberate for subsequent August ©Chengdu 2021
The firm stated this improve was pushed primarily by larger revenues from sensible cellphone video games, together with Peacekeeper Elite and Honour of Kings, in each Chinese and abroad markets.
A method recreation referred to as Chess Rush was additionally launched in the course of the quarter.
Financial expertise and enterprise companies revenues climbed by 30 per cent yr-on-yr to CNY ¥29.9 billion (£three.three billion/$four.three billion/€three.65 billion).
Revenues from internet marketing rose a extra sedate 13 per cent to CNY ¥18.6 billion (£2.1 billion/$2.7 billion/€2.three billion).
Tencent was unveiled in November because the official web associate of the 2021 Summer World University Games in Chengdu.
The group is to offer expertise, comparable to cloud computing companies, knowledge administration and knowledge expertise safety on the occasion resulting from happen subsequent August.
Tencent can also be a founding world associate of the Global Esports Federation, a physique launched final December in Singapore.