However, the pandemic is not the only catalyst for the sharp rally in its shares. Benedict Mander in Buenos Aires. Prosus, which houses the Tencent stake and other assets to make up Europes biggest consumer internet group, already has globe-spanning businesses in sectors that could benefit if the pandemic does inspire a greater digital shift, such as food delivery and online education. Chief executive Jeff Bezos warned as much as $4bn could be spent on virus mitigation, such as testing labs and thermal cameras potentially pushing Amazon into its first quarterly loss since 2015. Key stat: Zoom video calls reached 300m participants a day* in April. Christian Shepherd in Beijing. Video games, unlike any other social or entertainment media, have the ability to break down barriers that can inhibit tolerance and understanding. How to play it. But neither that admission nor the group reporting a 60 per cent drop in operational income for the year to the end of February were enough to dent the share price, which was boosted by surging online student enrolment during the coronavirus crisis. Several gaming companies also released their online games for free downloading. This year, at a time when schools in the country have been closed, its shares have risen 157 per cent on the New York stock exchange. The company benefited from a business based largely on subscriptions, helping shield it from the fallout in advertising. Its mission is to empower every person and every organization on the planet to achieve more. The move marks a realization that Tencent needs to find new sources of growth abroad as China's economy slows. Please wait while we are processing your request Video Game Market Size & Share Growth Report, 2030. Through communities rooted in our video game franchises we enable hundreds of millions of people to experience joy, thrill and achievement. Mercedes Ruehl in Singapore. Siddharth Venkataramakrishnan. Its huge force of delivery workers and 58 cargo jets kept ferrying goods during the worst of Chinas lockdown period even as its competitors struggled with manpower issues. Shares of the distiller have gained a quarter since January as the company defied an industry-wide sales slump with revenue rising 15 per cent in the first three months of the year. Key stat: Hours spent playing games on Nvidias platforms jumped 50 per cent during lockdowns. If the all-important Chinese customer keeps shopping in the aftermath of the pandemic, this bodes well for the luxury houses ability to bounce back. While there are signs that the gaming crackdown could now be over, Tencent has felt the impact. Related imagery is also available. We can customize every report - free of charge - including purchasing stand-alone sections or country-level reports, as well as offer affordable discounts for start-ups & universities. It now earns 20 per cent of group sales from its own ecommerce sites or those of retailers, giving it a real competitive advantage over other cosmetics and personal care players. But Facebooks engagement levels exploded, increasing its advertising impressions. Shenzhen-listed Mindray designs and manufactures advanced medical equipment and accessories for human and veterinary use, selling its products in China and overseas. Veeva is a Salesforce for life sciences, a cloud-based system that helps pharmaceutical companies manage data. China Tourism Group Duty Free reported a loss in the first quarter for the first time in a decade. 1. Key stat: Revenues increased 382 per cent in the first quarter. ), with the app ranking among the top downloads in regional Apple and Google Play Stores. Christian Shepherd in Beijing. 29, 2021 In a new report, Accenture (NYSE: ACN) estimates that the full value of the gaming industry now exceeds $300 billion, more than the combined markets for movies and music, driven by a surge in mobile gaming and an emphasis on social interaction during the COVID-19 pandemic. The crisis has dented its growth in the short term, but investors are betting that digital transformation will become an even bigger imperative for companies across the economy, with Salesforce among the winners. Alistair Gray. The biggest boost came from Europe, the Middle East and Africa, where it signed up nearly 7m subscribers in the first quarter. The group has 661,000 paying customers and is optimistic it can charge many more of its free users numbered in the hundreds of millions. Well send you a myFT Daily Digest email rounding up the latest Coronavirus economic impact news every morning. The global market observed a humongous growth rate of 5.7% in 2020 as compared to 9.8% in 2019. For more details, please read our privacy policy. Readers are cautioned not to put undue reliance on forward-looking statements, and Microsoft and Activision Blizzard assume no obligation and do not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise. Start-ups such as Allbirds shoes and global groups including Heinz are among hundreds of thousands of brands using its software and services to sell directly to customers cutting out middlemen such as Amazon. Dave Lee in San Francisco. Tencent's second-biggest revenue driver is online gaming, so a slowdown in this segment is a drag on overall growth. Profit attributable to equity holders was up 1 per cent in the third quarter, with the company saying it had implemented business rationalisation and cost efficiency initiatives. Mercedes Ruehl in Singapore. 6. Forward-looking statements speak only as of the date they are made. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. "The quality of research they have done for us has been excellent.". In May 2020, Twitter moderators marked two tweets from U.S. President Donald Trump as "potentially Donato Paolo Mancini. Its stock is back to near a 10-year high, and up more than 110 per cent since a three-year low in March. Equinix recorded one of its best-ever quarters for new bookings in its global network of data centres and telecommunications hubs, as videoconferencing usage soared and cloud services rushed to add capacity. Leo Lewis in Tokyo. Unilever reported zero first-quarter sales growth as the pandemic began: higher demand for products such as Domestos bleach was cancelled out by a slump in areas such as food service and ice cream. Learn more information about Activision Blizzard and how we connect and engage the world through epic entertainment on the companys website, www.activisionblizzard.com. When Chinas lockdown hit in late January, JD.com was the only ecommerce player reliably delivering packages. Moderna was the first US company to get a potential coronavirus vaccine to human trial. Tencent's fintech and business services division, which includes its cloud computing division, grew 4% year-on-year in the third quarter. Key stat: 402 miles: the range of Teslas latest Model S, underscoring its technological lead. Key stat: Seas self-developed global game Free Fire hit a record of more than 80m daily active users in the first quarter of 2020. Information about Activision Blizzards directors and executive officers and their ownership of Activision Blizzards common stock is set forth in Activision Blizzards proxy statement on Schedule 14A filed with the SEC on April 30, 2021. Mindray has exported nearly 100,000 medical devices, including ventilators, during the coronavirus pandemic. Key stat: SF Holding posted 39.6 per cent revenue growth in the first quarter. A comprehensive list of companies available on stock exchanges that can be browsed alphabetically, by sector, or by country. Gaming is the most dynamic and exciting category in entertainment across all platforms today and will play a key role in the development of metaverse platforms, said Satya Nadella, chairman and CEO, Microsoft. Originally launched as a short-form video sharing platform, primarily for lipsyncing and dancing videos, TikTok has grown into a fully-fledged video service, Shanghai-listedJiangsuHengrui Medicine develops and produces high-quality generics and innovative drugs. Activision Blizzard and certain of its directors and executive officers and other members of management and employees may be deemed to be participants in the solicitation of proxies from Activision Blizzards stockholders with respect to the transaction. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Tim Bradshaw. Tencent saw a 3% increase in its international gaming revenue, but a 7% drop domestically. The past few years has also seen more consolidation, as the larger businesses attempt to reduce the amount of competition in the market. A surge in orders pushed net sales in the three months to May up 46 per cent from a year ago to $1.6bn. Consoles are also equipped with innovative features that allow gamers to record in-game footage and share it online. Ryan McMorrow. Donato Paolo Mancini. Ryan McMorrow in Beijing. The company is enjoying a perfect storm, said Michael Nathanson, analyst at MoffettNathanson. 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Tencent's strategy could focus on trying to sign up global firms with a presence in China as well as Chinese companies expanding abroad. In addition, please refer to the documents that Microsoft and Activision Blizzard file with the SEC on Forms 10-K, 10-Q and 8-K. Key stat: The number of PDF documents shared using Adobes software rose 50 per cent compared with same quarter a year ago. Since then it has climbed even higher. Just 42 days after it received the genetic sequence of the virus, Moderna had a vaccine in vials ready to test. Patrick McGee. Key stat: Shares in the medical devices maker are up 53 per cent this year. Key stat: The Chinese group is investing 1.8bn in a German battery plant. b. The console segment is expected to grow at a considerable growth rate over the forecast period. Key stat: Shares are up 129 per cent so far in 2020. Miles Kruppa in San Francisco. The video conferencing company has come to symbolise the work-from-home boom of 2020, making its fake digital backdrops a cultural touchstone of the coronavirus crisis. But investors later took heart when Unilever said it would seek to consolidate into a single UK company, abandoning a dual British/Dutch structure. The BJP, riding on the back of Prime Minister Narendra Modis popularity, posted a record win in Gujarat on Thursday securing 156 seats the highest-ever tally by any party in the state surpassing Congress 149 in 1985. COVID-19 has propelled the industry a few years into the future, as millions of people in lockdown ordered food online for the first time. Shares of Foshan Haitian Flavouring & Food, the worlds largest soy source maker, have surged on hopes of a rebound for consumer staples in post-virus China. Key stat: Volume of payments processed increased 38 per cent year on year in the first quarter. Eli Lilly started the first study of an antibody treatment for Covid-19 this month. Just Eats merger with rival Takeaway.com, agreed in December, created Europes largest food delivery group at just the right moment to capitalise on surging demand from restaurants and diners for new food delivery options during lockdowns. It has over 200 million active users, The other half of the online food delivery industry in China. A huge reserve base boosted by the purchase of rival Goldcorp leaves Colorado-based Newmont well placed to produce 6m-7m ounces of gold a year until 2029, according to analysts. Tencent is the largest stakeholder, with a 20 percent stake, Backed by SoftBank, Rappi has aggressively pushed into the South American market, currently active in nine countries, Brazil's most popular aggregator by a significant margin, accounting for over 70 percent of online takeaway orders in the country, The most popular of the homegrown food delivery apps in India, which acquired Uber Eats India in January 2020, Food Delivery App Revenue and Usage Statistics (2022), China is the largest market for food delivery, with a market size of $27.3 billion in 2021. The onset of coronavirus in China, which started in late January, pushed food prices higher, adding another $6bn in personal wealth to Mr Qins pig farming fortune. Since consumers are forced to stay at home, they are turning to popular OTT service providers such as Netflix, Amazon Prime, etc. Alistair Gray. Several apps launched rapid grocery delivery services, to compete with Getir and Gorillas. Key stat: The number of items sold on Mercado Libres ecommerce platform surged 76 per cent in April. Now, Alibaba is among the five largest cloud computing firms in the world. Other industry giants have also reported sluggish performance in recent months. Data is a real-time snapshot *Data is delayed at least 15 minutes. WeChat was developed by and belongs to Chinese tech behemoth Tencent, one of the most valuable companies in the world. Given that online advertising went into sharp decline as the crisis unfolded, early signs suggest Alphabet has shown surprising resilience. Owned by Asias richest man Mukesh Ambani, four-year-old Jio has almost 400m telecom subscribers and is branching out into ecommerce. Free business intelligence platform with subscription, 4. The worlds biggest cosmetics companys sales have held up well during the Covid-19 crisis, thanks to its heavy investments inonline sellingand marketing. Thomas Hale in Shanghai. Atlassian is giving away some products for free during the crisis in a bid to grow market share and boost revenues. Mark Vandevelde in New York. The acquisition also bolsters Microsofts Game Pass portfolio with plans to launch Activision Blizzard games into Game Pass, which has reached a new milestone of over 25 million subscribers. Promptly after filing its definitive proxy statement with the SEC, Activision Blizzard will mail the definitive proxy statement and a proxy card to each stockholder entitled to vote at the special meeting relating to the transaction. Opening its business-focused app to a wide group of non-paying consumers and educational institutions brought challenges, but also helped turn Zoom into a household name. Ryan McMorrow. The Hong Kong-listed company, which is the worlds top video game maker and the owner of popular super-app WeChat, posted revenues of 140 billion yuan (RM102 billion) in the third quarter, according to a stock exchange filing. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. Key stat: Peak internet exchange traffic grew 44 per cent compared with last year as millions of workers logged on from home. Key stat: Paid membership in the US rose from 27m to 43m in the first quarter. Addition or alteration to country, regional & segment scope. Sun Yu. China last month reported its first decline in exports since the early days of the pandemic, while factory activity and gate prices also fell. The increasing penetration rate of smartphones and the growing preference for cloud gaming is also opening new opportunities for the growth of the online segment. Richard Waters. Hannah Kuchler. Tencent's focus on audio and video products plays to its strengths as one of the world's largest gaming companies and the owner of WeChat, China's most popular messaging app with over 1 billion users. But Nvidias business has been helped by the growing importance of ecommerce in selling new graphics cards, along with a shift towards online gaming. Other industry giants have also reported sluggish performance in recent months. Americans under lockdown have undertaken more DIY projects and bought the necessary equipment from the home improvement retailer, whose stores have been allowed to stay open throughout the crisis. Key stat: Tenants signed leases on 28.3m sq ft of warehouse space in April and May, down 16 per cent from last year. Netflix added twice as many subscribers as it had forecast in the first three months of the year, as the largest paid streaming service entertained global lockdown audiences with shows such as Tiger King, La Casa de Papel and Love is Blind. In April 2022, NFL collaborated with sports technology company StatusPRO to launch a football video game called NFL Pro Era for Meta Quest and PlayStation. Its red, three-wheeled delivery carts remained on city streets as those ferrying goods on behalf of its rivals Alibaba and Pinduoduo struggled to find couriers. The company benefited from providing internet medical services during the Covid-19 emergency. Dave Lee. Our food delivery app report includes breakdowns of all of the top apps by revenue, GMV and orders, alongside regional market share statistics, usage, and downloads. Hannah Kuchler. Tencent has increasingly turned to overseas business, particularly in Europe. As the Chinese firm expands overseas, it will enter a very competitive cloud computing market dominated by U.S. giants Amazon and Microsoft. 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