What’s going on? Tencent (Chinese internet giant) delivered fluent earnings, but stumbled by sales growth. What does this mean? Tencent’s revenue was up 20% yoy last quarter, which is not bad, but still its smallest rise since 2019. One reason is the Chinese government’s expanding tech crackdown, which has likely hit Tencent’s mobile gaming empire. A $3b gain on…
Tag: Tencent
Ep 99: Farfetch Raises $250M To Grow Luxury Fashion Platform
What’s going on here? Farfetch, a luxury technology platform, has raised $125 million from Tencent and $125 million from Dragoneer through the sale of convertible senior notes. Tencent is a global technology company based in Shenzhen, China, and Dragoneer is an investment firm based in San Francisco. The journey ahead Farfetch will use the capital to…
with HT 