BRIEF: NetEase profit inches up as gaming revenue stays strong
Gaming giant NetEase Inc. (9999.HK; NTES.US) announced on Thursday its revenue rose 6.1% year-on-year to 30.6 billion yuan ($4.5 billion) in the first quarter, while its net profit increased 3.6%…
BRIEF: Tencent profit rises 11% amid stepped-up AI investment
Internet giant Tencent Holdings Ltd. (0700.HK) on Wednesday reported its revenue rose 9.1% year-on-year to 196 billion yuan ($28.93 billion) in the first quarter. Its non-IFRS profit rose by 10.7%…
AsiaInfo reboots with founder’s return, big investor’s departure
The telecoms software company and its A-share listed affiliate will merge into a single company with close to 10 billion yuan in revenue Key Takeaways: Early internet entrepreneur Edward Tian…
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