Tencent Holdings

Futu’s stock price plummeted after the fourth quarter revenue was worse than expected

FAST NEW: Futu plummets on revenue miss

The Latest:  Online brokerage Futu Holdings Ltd. (FUTU.US) on Thursday reported its fourth-quarter net profit fell 8.4% year-on-year to HK$878 million ($112 million), though its full-year profit rose 46.2% to HK$4.28 billion. Looking Up:  The company’s…
FUTU.US
HUYA seeking rebirth

Out with the old… Tencent sells app store to Huya

Weeks after offloading its animation business, Tencent has sold its overseas app store to the livestream gaming platform Huya  Key Takeaways: Huya is looking to use the APKpure acquisition to…
HUYA.US 0700.HK
Xiaomi quarterly results better than expected

Xiaomi’s strong results overshadowed by falling prices

The smartphone maker’s third-quarter profit beat expectations, but its average smartphone price fell below 1,000 yuan for the first time in nearly four years Key Takeaways: Xiaomi’s smartphone shipments rose…
1810.HK

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