Tencent Holdings (00700.HK) managed to beat market expectations, reporting a 61 percent year -on-year increase in net profit for the first quarter, at 23.29 billion yuan.
Revenue from PC games was flat compared to past year, but analysts believe the comparison was tough with the 2017 first quarter, and overall its games business was strong. "Smartphone games revenues alone were up 68 percent year-on-year to 21.7 billion yuan, thanks to titles such as 'Honour of Kings'".
Tencent's margins rose or fell last quarter depending on what's included. Tencent has exclusive release rights for PUBG in China but says the game is "yet to be monetized", implying future additional revenue stream from the title.
Looking forward, Tencent CEO Ma Huateng said the company will continue to invest in improving its own products and enabling services for its partners. Company president Martin Lau Chi-ping had warned in March during its 2017 earnings call that this year Tencent would aggressively step up its investments in long- and short-form video content, digital payments, cloud services, artificial intelligence and smart retail, even though it could harm the company's profitability in the short term. Asia's largest company by market capitalization, Tencent reported $14 billion debt at the end of March, compared with $16 billion of cash at the same time past year.
There's an argument to be made for stripping out extraneous items because Tencent runs the games and social side of the business itself, but doesn't have direct control over investees. And, as this chart from Statista shows, Tencent's three main social media platforms have a combined user base of 2.4 billion, slightly above Facebook's 2.2 billion users. But the cost of revenue in that category doubled to 11.91 billion yuan, due to subsidies and promotional expenses. It invested $632 million in game-streaming platforms Douyu in March, $462 million the same month on Huya.
Tencent's shares have fluctuated sharply this year.
It's estimated that Tencent has acquired stakes in almost 300 companies since 2013, about 50 on average a year. Tencent has big stakes in several notable Chinese companies, including e-commerce giant JD.com (JD).
She faced huge criticism for this reveal and was forced to defend the couple's decision to have a child via IVF. The couple also expressed their concerns about how well Luna will adapt to having a sibling.
An Amber Alert has been issued for the 7-year-old woman, who police described as carrying a peach-colored, ankle-length costume. They say the mother, Taheerah Ahmad, is suspected of stabbing her daughter multiple times before leaving with the 7-year-old.
Wolfe's agent Lynn Nesbit confirmed to the Associated Press that Wolfe died of an infection in a New York City hospital. Wolfe is survived by Sheila Wolfe, his wife of almost 40 years; a son, Tommy Wolfe, and a daughter, Alexandra Wolfe.
Mimie Lai, 45, said she came to "see what happens to the ex-prime minister and all the scandals... involving him and his wife". Mahathir has barred Najib from leaving the country pending investigations.
Lightning goaltender Andrei Vasilevskiy was called for tripping Washington's Andre Burakovsky with 10 seconds left in the period. The Lightning will have to turn the series around on the road to return to the Stanley Cup Final for the first time since 2015.
Last October, Soros moved $18 billion - the majority of his estimated $24.6 billion fortune - to the Open Society Foundations. The campaign was criticized in the Hungarian Jewish community as having anti-Semitic overtones.
In a statement on Monday, the Mufti of Singapore, Mohamed Fatris Bakaram, wished all Muslims in Singapore a blessed Ramadan. The president added that Ramadan "reminds us of the richness Muslims add to the religious tapestry of American life".
Sastre is seen on the CCTV footage from May 12 drawing her own pistol and firing multiple shots, dropping the man to the pavement. The suspect later succumbed to his wounds , dying as he was being rushed to the hospital, according to the Daily Mirror.
CNN has reached out to Thomas Markle for comment by phone and over email but has not yet received a response. Whether he attends the wedding will be based on "whether or not it's safe" for him to go, said Grant.