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Chinese tech giant Tencent posts 8% revenue growth in Q3

BEIJING: Chinese tech giant Tencent on Wednesday posted an eight percent year-on-year expansion in third-quarter...

Published 13 Nov, 2024 03:22pm

World

What Trump’s 2024 election win means for Asian companies

Donald Trump has been elected US president, capping a remarkable comeback four years after he was voted out of the...

Published 07 Nov, 2024 11:45am

Technology

Tencent Music beats quarterly revenue estimates

China’s Tencent Music Entertainment Group beat fourth-quarter revenue estimates on Tuesday, driven by growth in paid...

Published 19 Mar, 2024 02:50pm

Technology

China’s Tencent takes over two ByteDance video game teams

HONG KONG: China’s Tencent has taken over two ByteDance video games units after ByteDance retreated from the gaming...

Published 14 Mar, 2024 01:45pm

Technology

Tencent working on mobile version of hit console game ‘Elden Ring’, sources say

HONG KONG: China’s Tencent Holdings has been working to adapt acclaimed action role-playing console game “Elden...

Published 06 Feb, 2024 01:52pm

Technology

China’s Tencent fires more than 120 workers for fraud

BEIJING: Chinese tech giant Tencent said it last year dismissed more than 120 employees for violating its anti-fraud...

Published 04 Feb, 2024 10:53am

Technology

Tencent chief says gaming business under threat, catching up in AI

HONG KONG: Pony Ma, chief executive and co-founder of Tencent Holdings, has said that the company’s video games...

Published 30 Jan, 2024 10:42am

Technology

Tencent’s Riot Games to lay off about 11% of staff

Tencent Holdings’ Riot Games plans to lay off 530 employees, or about 11% of its staff globally, the online gaming...

Published 23 Jan, 2024 10:01am

Technology

Tencent turns to ByteDance in gaming showdown with NetEase

HONG KONG: Tencent Holdings is relying on one-time bitter rival ByteDance to promote its most important video game...

Published 18 Dec, 2023 11:22am

Technology

Tencent launches party game ‘DreamStar’, analysts say poses a threat to NetEase

HONG KONG: Chinese tech giant Tencent Holdings on Friday launched “DreamStar”, a new party game that has been widely...

Published 15 Dec, 2023 09:46am

Technology

Tencent reveals most ambitious game yet for consoles amid global expansion

HONG KONG: Chinese tech giant Tencent Holdings unveiled on Friday a big-budget console game named Last Sentinel, a...

Published 08 Dec, 2023 10:22am

Technology

China lists mobile app stores that comply with new rule, but Apple missing

HONG KONG: China’s cyberspace regulator released on Wednesday names of the first batch of mobile app stores that...

Published 27 Sep, 2023 11:18am

Business & Finance

New Alibaba Group CEO lays out strategic priorities for staff

SHANGHAI: New Alibaba Group CEO Eddie Wu has told staff the tech giant’s two main strategic focuses going forward...

Published 12 Sep, 2023 09:56am

Technology

Tencent claims new AI chat bot skills comparable to ChatGPT

SHANGHAI: Chinese tech giant Tencent on Thursday claimed its new chatbot had some capabilities on par with top US...

Published 07 Sep, 2023 12:52pm

Technology

China slowdown creates cheap thrills for Tencent

HONG KONG: China’s economic woes have gifted Tencent an unexpected silver lining. The $400 billion technology titan...

Published 17 Aug, 2023 12:32pm

Technology

ByteDance’s Douyin and Tencent bury hatchet, reach video cooperation pact

BEIJING: Douyin, the Chinese counterpart of TikTok, and internet giant Tencent have agreed to explore the joint...

Published 07 Apr, 2023 10:00am

Business & Finance

Gaming giant Tencent’s 2022 annual net profit falls 16pc

BEIJING: Chinese gaming giant Tencent’s profits fell steeply last year, according to an earnings report released...

Published 27 Mar, 2023 06:15am

Technology

ChatGPT frenzy sweeps China as firms scramble for home-grown options

HONG KONG: Microsoft-backed OpenAI has kept its hit ChatGPT app off-limits to users in China, but the app is...

Published 13 Feb, 2023 01:54pm

Technology

China’s Tencent fires more than 100 for fraud, embezzlement

BEIJING: Chinese tech giant Tencent said Monday it had fired more than a hundred employees for violating company...

Published 16 Jan, 2023 12:12pm

Technology

Tencent bets big on WeChat Channels in push to build its own TikTok

HONG KONG: On a hot summer’s day last year, the 90’s boy band Backstreet Boys clambered on to a stage in...

Published 13 Jan, 2023 11:40am

Technology

China approves 45 imported video games in December

BEIJING: China’s online game regulator granted publishing licences to 45 foreign video games for release in the...

Published 28 Dec, 2022 02:20pm

Technology

China’s Tencent wins first game licence in 18 months

BEIJING: China has granted tech giant Tencent its first licence for a video game in 18 months, ending a dry spell...

Published 18 Nov, 2022 11:34am

Technology

China approves 70 games in November, including Tencent’s ‘Metal Slug’

HONG KONG: China’s video games regulator on Thursday granted publishing licences to 70 online games, including...

Published 17 Nov, 2022 06:23pm

Technology

Hounded at home, China’s video game firms welcomed in Europe

PARIS: China is investing billions in Europe’s video game industry, but analysts have warned that there could be...

Published 16 Oct, 2022 10:14am

Technology

Tencent shifts focus to majority deals, overseas gaming assets for growth

HONG KONG: Tencent is resetting its M&A strategy to put more focus on buying majority stakes mainly in overseas...

Published 01 Oct, 2022 02:05pm

Technology

Tencent Music shares open at HK$18 each in Hong Kong debut

HONG KONG: China’s Tencent Music Entertainment Group shares started trading at HK$18 ($2.29) each in the company’s...

Published 21 Sep, 2022 11:47am

Technology

China approves 73 games including one under NetEase, but none for Tencent

HONG KONG: China’s gaming regulator granted publishing licences for 73 online games on Tuesday, including titles...

Published 13 Sep, 2022 06:21pm

Business & Finance

China regulator fines Alibaba, Tencent for disclosure violations

SHANGHAI: China has imposed fines on technology giants Alibaba and Tencent as well as a range of other firms for...

Published 10 Jul, 2022 10:52am

Markets

Ex-TikTok gaming head to launch blockchain games startup as big players keep away

HONG KONG: The former head of short video giant TikTok’s gaming unit, Jason Fung, is launching a blockchain gaming...

Published 05 Jul, 2022 05:06pm

Technology

Tencent Music’s Q1 revenue downbeat, shares rise amid hopes for regulatory easing

HONG KONG: China’s Tencent Music Entertainment posted a 15% slump in first-quarter revenue, matching expectations,...

Published 17 May, 2022 11:03am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 18	278.55
USD PKR Interbank Buying / Dec 18	278.25
USD to Japanese Yen / Dec 18	153.63
USD to Swiss Franc / Dec 18	0.89
Pound Sterling to USD / Dec 18	1.27
Euro to USD / Dec 18	1.05

Stock	Volume
S&P 500 / Dec 17	6,050.61
Nasdaq / Dec 17	20,109.06
Dow Jones / Dec 17	43,449.90
India Sensex / Dec 18	80,231.76
Tokyo Nikkei / Dec 18	39,081.71
Hang Seng / Dec 18	19,857.31
FTSE 100 / Dec 18	8,222.99
Germany DAX 30 / Dec 18	20,267.35

Item	Value
Gold 10 Grams PKR / Dec 17	241,860
Petrol/Litre / Dec 18	252.10
Crude Oil USD/Barrel / Dec 18	70.43
Karachi Cotton PKR/37.32 KG / Dec 18	17,585
Gold Spot USD/Ounce / Dec 18	2,644.54
Diesel/Litre / Dec 18	255.38

Gainers
Losers
Leaders

Stock	Price
LSE Capital / Dec 18 LSE Capital Limited(LSECL)	6.70 ▲ 1.00 (17.54%)
S.G.Power / Dec 18 S.G. Power Limited(SGPL)	9.17 ▲ 1.00 (12.24%)
Faran Sugar (R) / Dec 18 Faran Sugar Mills Limited (R)(FRSMR)	9.43 ▲ 1.00 (11.86%)
Dadabhoy Cement / Dec 18 Dadabhoy Cement Industries Limited(DBCI)	7.95 ▲ 0.84 (11.81%)
Shaheen Ins. / Dec 18 Shaheen Insurance Company Limited(SHNI)	6.75 ▲ 0.66 (10.84%)
Oilboy Energy / Dec 18 Oilboy Energy Limited(OBOY)	11.50 ▲ 1.05 (10.05%)
Suhail Jute / Dec 18 Suhail Jute Mills Limited(SUHJ)	61.55 ▲ 5.60 (10.01%)
AL-Ghazi Tractors / Dec 18 Al-Ghazi Tractors Limited(AGTL)	564.23 ▲ 51.29 (10.00%)
Data Agro / Dec 18 Data Agro Limited(DAAG)	139.24 ▲ 12.66 (10.00%)

Stock	Price
Invest Bank / Dec 18 Invest Capital Investment Bank Limited(ICIBL)	1.51 ▼ -0.20 (-11.70%)
Blue-Ex Ltd / Dec 18 Blue-Ex Limited (GEM)(GEMBLUEX)	37.76 ▼ -4.20 (-10.01%)
National Bank / Dec 18 National Bank of Pakistan(NBP)	66.38 ▼ -7.38 (-10.01%)
First Imrooz Mod. / Dec 18 First Imrooz Modaraba(FIMM)	180.01 ▼ -19.99 (-10.00%)
Imperial Limited / Dec 18 Imperial Limited(IML)	20.16 ▼ -2.24 (-10.00%)
J.A.Textile / Dec 18 J.A. Textile Mills Limited(JATM)	44.37 ▼ -4.93 (-10.00%)
Mari Petroleum / Dec 18 Mari Petroleum Company Limited(MARI)	728.78 ▼ -80.98 (-10.00%)
Calcorp Ltd / Dec 18 Calcorp Limited(CASH)	26.22 ▼ -2.91 (-9.99%)
GOC (Pak) / Dec 18 GOC (Pak) Limited.(GOC)	65.10 ▼ -6.97 (-9.67%)

Stock	Volume
WorldCall Telecom / Dec 18 Worldcall Telecom Limited(WTL)	151,921,663 ▼ -0.15
Pak Elektron / Dec 18 Pak Elektron Limited(PAEL)	107,502,606 ▲ 0.38
Cnergyico PK / Dec 18 Cnergyico PK Limited(CNERGY)	58,285,174 ▼ -0.48
B.O.Punjab / Dec 18 The Bank of Punjab(BOP)	57,202,972 ▼ -0.08
Pak Refinery / Dec 18 Pakistan Refinery Limited(PRL)	55,973,468 ▲ 0.45
Sui South Gas / Dec 18 Sui Southern Gas Company Limited(SSGC)	42,923,281 ▲ 2.37
PIA Holding Co.Ltd / Dec 18 PIA Holding Company Limited(PIAHCLA)	36,897,118 ▼ -0.26
Hub Power Co. / Dec 18 The Hub Power Company Limited(HUBC)	33,289,968 ▼ -5.93
Aisha Steel Mill / Dec 18 Aisha Steel Mills Limited(ASL)	33,283,927 ▲ 0.93

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