Zheping Huang
Reporter at Bloomberg News
aka Ping. @technology reporter. Tweeting about crypto, gaming & all things Chinese internet. Ex @SCMPTech, @qz. Views mine. No endorsements.
Articles
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3 weeks ago |
bloomberglinea.com | Zheping Huang |Min Lee |Gabby Jones
Bloomberg — ByteDance Ltd. tiene como objetivo un crecimiento de los ingresos de alrededor del 20% en 2025 a pesar de una posible recesión económica mundial, un ritmo de expansión que podría ayudarle a igualar el negocio global de Meta Platforms Inc. (META). El propietario de TikTok espera que las ventas aumenten a unos US$186.000 millones desde los US$155.000 millones en 2024, dijeron personas familiarizadas con sus finanzas. Ver más: ByteDance confirma conversaciones en EE.UU.
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3 weeks ago |
news.bloomberglaw.com | Zheping Huang |Min Lee
ByteDance Ltd. is targeting revenue growth of about 20% in 2025 despite a potential global economic downturn, a pace of expansion that could help it match Meta Platforms Inc.’s global business. TikTok’s owner expects sales to increase to roughly $186 billion from $155 billion in 2024, people familiar with its finances said. That caps years of 20%-plus growth and would take the Chinese internet leader to just a whisker below Meta’s projected revenue of about $187 billion this year.
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3 weeks ago |
bloomberg.com | Zheping Huang |Min Lee
The TikTok logo on a smartphone arranged in the Queens borough of New York, US, on Wednesday, Jan. 15, 2025. The Supreme Court signaled it's likely to uphold a law that would ban the popular TikTok social media platform in the US if it isn't sold by its Chinese parent company by Jan. 19. Photographer: Gabby Jones/Bloomberg(Bloomberg) -- ByteDance Ltd.
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3 weeks ago |
news.bloomberglaw.com | Zheping Huang
Tencent Holdings Ltd.’s revenue grew at its fastest pace in more than three years, affirming investors’ expectations that China’s gaming and social media leader will weather a potential global downturn in 2025. The WeChat operator reported a faster-than-anticipated13% rise in sales to 180.02 billion yuan ($25 billion) in the March quarter. Net income rose 14% to 47.8 billion yuan, missing estimates in part because of rising spending on AI research and initiatives.
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3 weeks ago |
bloomberglinea.com | Zheping Huang
Bloomberg — Los ingresos de Tencent Holdings Ltd. crecieron a su ritmo más rápido en más de tres años, afirmando las expectativas de los inversores de que el líder chino del juego y las redes sociales capeará una posible recesión mundial en 2025. El operador de WeChat registró un aumento de las ventas del 13%, más rápido de lo previsto, hasta 180.020 millones de yuanes (US$25.000 millones) en el trimestre de marzo.
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Scoop: US venture firm @benchmark leads a $75M fundraising of China's Manus AI at a valuation of close to $500M https://t.co/gbHOvNiWCo
Top Chinese streaming exec roasting Trump: “the world’s No. 1 has gone crazy” https://t.co/VxSh7JztuP
RT @leeminjeong83: ByteDance’s major investors have marked up the TikTok owner’s valuae to more than $400B. While it's always been exposed…