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. Chinese tech giants are not only looking to new business divisions for growth, they are also looking for new revenue streams overseas. Edward White in Wellington. Free trial, before you make a purchase decision. Dexcom makes a type of blood sugar monitor that continuously checks patients glucose levels a product that may have pushed the stock higher as the coronavirus crisis has increased demand for healthcare solutions for diabetics, who are an at-risk category for Covid-19. Legendary games, immersive interactive entertainment and publishing expertise accelerate growth in Microsofts Gaming business across mobile, PC, console and cloud. The platform also was increasingly used for misinformation related to the pandemic. 6. INVESTORS AND SECURITY HOLDERS OF ACTIVISION BLIZZARD ARE URGED TO READ THESE MATERIALS (INCLUDING ANY AMENDMENTS OR SUPPLEMENTS THERETO) AND ANY OTHER RELEVANT DOCUMENTS IN CONNECTION WITH THE TRANSACTION THAT ACTIVISION BLIZZARD WILL FILE WITH THE SEC WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT ACTIVISION BLIZZARD AND THE TRANSACTION. Leila Abboud. By signing up you agree to our privacy policy. As an example, our Call of Duty Endowment has helped find employment for over 90,000 veterans. Key stat: The 49.6MW running through DRTs 275 data centres is enough electricity to power a city the size of Santa Barbara. Record revenues followed, but also soaring costs. Tim Bradshaw in London. Its stock is back to near a 10-year high, and up more than 110 per cent since a three-year low in March. Chongqing Zhifei Biological Products is listed in Shenzhen, focusing on vaccine R&D and sales. Choose reports from a database of more than 10,000 reports. Data is a real-time snapshot *Data is delayed at least 15 minutes. A supplier to global carmakers such as Volkswagen, Daimler and Volvo, the Shenzhen-listed company is set to firm up its foothold on the Chinese market, announcing this month that it is ready to make a million-mile battery. The New York-based software group, which offers monitoring and analytics tools, has been successful selling business customers on multiple products, boasting a high net retention rate a metric watched closely by software investors. The transaction is subject to customary closing conditions and completion of regulatory review and Activision Blizzards shareholder approval. AroundDeal extension helps you find targeted contacts on LinkedIn, HubSpot, Salesforce or any company site. 1. Federated Learning Market Growth & Revenue is expected to reach USD 266.77 million by 2030, to grow at a CAGR of 10.7% by Polaris Market Research - 8 mins ago. Financial Services Make smarter business decisions knowing how consumers and businesses manage their money, borrow and make payments. South-east Asias biggest listed technology company benefited from drawing the bulk of its revenue from two coronavirus-proof sectors: gaming and ecommerce. While there are signs that the gaming crackdown could now be over, Tencent has felt the impact. But as plastic surgeons reopen, analysts believe Botox sales will almost be back to normal by the middle of the third quarter. US judge dismisses a lawsuit against MBS for conspiring to kill Jamal Khashoggi, following the White House stating that he is entitled to sovereign immunity Judge says Mohammed bin Salman entitled to sovereign immunity despite credible allegations of involvement in journalist's murder Premium Statistic Major markets for Tencent's Honor of Kings based on revenue share 2022; b. Search engine operator Baidu Inc posted a five per cent year-on-year drop in quarterly revenue in the second quarter, while e-commerce platform JD.com announced its slowest revenue growth so far in the same quarter. But investors still expect it to benefit from demand from rich Chinese shoppers who have been unable to buy luxury goods abroad because of coronavirus. The network effects of more delivery riders, alongside route optimisations technologies, has Today, Microsoft Corp. (Nasdaq: MSFT) announced plans to acquire Activision Blizzard Inc. (Nasdaq: ATVI), a leader in game development and interactive entertainment content publisher. The company benefited from providing internet medical services during the Covid-19 emergency. Richard Waters. Tencent said domestic video games in particular saw a 7 per cent decrease in the three months ending September 30, as transitional industry challenges resulted in lower paying user counts. The growing number of online gamers and the rising popularity of online gaming tournaments in the Asia Pacific is prompting market players to launch platforms that can potentially allow gamers to access AAA games. Video gaming trends are experiencing a massive surge in players and revenue. Siddharth Venkataramakrishnan. The growth of the mobile segment can be attributed to the increasing smartphone penetration rate across the globe. Key stat: For every $100 move in the gold price, Newmonts free cash flow changes by $400m. Apple managed to release a new iPhone, iMac and MacBook Air, drawing more users into an ever-expanding ecosystem of wearables and services. 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. Pet owners have been stocking up on food, treats and other supplies under lockdown, a boon for online specialist Chewy, which floated last year. 2022 CNBC LLC. Alistair Gray. In 2021 alone, the total number of video game releases was up 64% compared to 2020 and 51% of players in the U.S. reported spending more than 7 hours per week playing across console, PC and mobile. We enable social connections through the lens of fun, and we foster purpose and meaning through competitive gaming. Patrick McGee in San Francisco. The last of them totals up actions companies take in each dimension of digitization. When consumers rushed out to stockpile ahead of lockdowns this year, the worlds largest food company reaped the benefits. Microsoft Media Relations, Assembly Media for Microsoft, [emailprotected]. Music listening habits changed as people sheltered at home. Hannah Murphy. Shopify overtook eBay to become the second-biggest ecommerce group after Amazon by US market share last year, processing $61bn worth of merchandise globally. The definitive proxy statement, the preliminary proxy statement and other relevant materials in connection with the transaction (when they become available), and any other documents filed by Activision Blizzard with the SEC, may be obtained free of charge at the SECs website (http://www.sec.gov) or at the Activision Blizzard website (https://investor.activision.com) or by writing to Activision Blizzard, Investor Relations, 3100 Ocean Park Boulevard, Santa Monica, California, 90405. Mercedes Ruehl in Singapore. Donato Paolo Mancini. Beijings widespread crackdown on the tech sector, beginning in late 2020, saw record fines, cancelled IPOs and lengthy investigations into top players. In its hit games such as Honor of Kings, users shelled out for new weapons and outfits. Related imagery is also available. Key stat: 1.5m the number of doses of remdesivir, the antiviral being used for Covid-19, that Gilead gave away for free. Donato Paolo Mancini. A surge in orders pushed net sales in the three months to May up 46 per cent from a year ago to $1.6bn. Neil Hume. Key stat: 44 per cent revenue growth in the first quarter of 2020. 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. Hannah Murphy, *This article has been amended to clarify that Zoom calls attracted 300m participants in a day, which can include multiple calls from a single user, The first in an FT series on corporate resilience in a year of human and economic devastation, Receive free Coronavirus economic impact updates, Prospering in the pandemic: the top 100 companies, Cloud business reaps rewards of the work-from-home revolution, Pharma industry seizes on pandemic as a shot at redemption, Prospering in the pandemic: the market winners, Prospering in the pandemic: the corporate losers, Vladimir Putin threatens to cut oil output after G7 price cap, Jair Bolsonaro breaks his silence as presidency draws to an end, France through to World Cup semi-final after missed England penalty, Hell. To the extent that holdings of Activision Blizzards securities have changed since the amounts printed in Activision Blizzards proxy statement, such changes have been or will be reflected on Statements of Change in Ownership on Form 4 filed with the SEC. But analysts worry things could start to look dicey for Square once the mom-and-pop outlets it depends on can no longer turn to government stimulus money for support. Meituan contributed to $15 billion of that revenue, as the largest food delivery app in the world by revenue and usage. While trials are ongoing, Anthony Fauci, a top doctor advising the White House, praised the initial data as having a clear-cut, significant, positive effect. Since acquiring rival warehouse owner Liberty Property Trust in a $13bn all-stock deal in February, which added more than 15 per cent to its market capitalisation, Prologis has been contending with requests for rent deferrals as some retailers have struggled to stay afloat. So, while jittery investors have been dumping shares of office building developers and shopping mall owners, they have piled into American Tower, the worlds most valuable listed real estate investment trust. However, the pandemic is not the only catalyst for the sharp rally in its shares. Microsoft Chairman and CEO Satya Nadella; Bobby Kotick, CEO, Activision Blizzard; CEO, Microsoft Gaming, Phil Spencer; and Microsoft Chief Financial Officer Amy Hood will host a webcast for investors and media on Jan. 18, 2022, at 6 a.m. Pacific time/9 a.m. Eastern time regarding this transaction. Through communities rooted in our video game franchises we enable hundreds of millions of people to experience joy, thrill and achievement. South Korea is expected to contribute significantly to the growth of the regional market owing to the rising popularity of e-sports and massively multiplayer online games in the country. Key stat: Tenants signed leases on 28.3m sq ft of warehouse space in April and May, down 16 per cent from last year. Covid-19 hit the so-called Four Rings hard, bringing its usually healthy profit margins down to almost zero in the first three months of 2020. Shenzhen-listed Changchun High & New Technology Industry is based in north-eastern China and invests in biological products, real estate and processed traditional Chinese medicine. Key stat: $2.7m of sales were made in a single day at a Herms store in Guangzhou when it reopened in mid-April after a Covid-19 lockdown. Hannah Kuchler in New York, Key stat: Consistently maintains a profit margin above 90 per cent.Kweichow Moutai, maker of Chinas best-known distilled spirit, seems well positioned to benefit from the reopening of the Chinese economy. Its shares jumped almost 6 per cent on its trading debut in Hong Kong on June 18, the same day as its annual shopping bonanza, as it raised nearly $4bn in the second-largest share sale globally this year. Tencent has faced a number of headwinds in 2022 including a Covid-induced slowdown in the Chinese economy and a tougher market for gaming. Tencent has increasingly turned to overseas business, particularly in Europe. Tencents video subscriber numbers swelled to 112m, its music streamers jumped to 43m and monthly users of its social media app WeChat indispensable for buying noodles and verifying users health during the coronavirus period hit 1.2bn. 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. Working from home led to a near-70 per cent jump in online sales at Lululemon in the first quarter as its expensive yoga pants and athleisure gear replaced formal business attire. The food delivery market has seen significant growth over the past five years. Key stat: Amazon anticipates it could spend $4bn to keep its logistics running during the coronavirus crisis. Xueqiao Wang in Shanghai. Key stat: 75m people used the Teams communication app in a single day in April, up from 20m in late 2019. A subsidiary of Zhifei was reportedly co-developing with an institute under the Chinese Academy of Sciences to develop a vaccine against Covid-19. Key stat: Net income rose 19 per cent in the first quarter. 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. Its ecommerce platform has ballooned in popularity over the past five years, and by facilitating electronic payments during the pandemic lockdown, its sales have surged further. ), with the app ranking among the top downloads in regional Apple and Google Play Stores. 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. Autodesk is well placed to take advantage of any shift towards automation spurred by the pandemic, as it offers software technology for the construction, engineering and manufacturing sectors. But Facebooks engagement levels exploded, increasing its advertising impressions. The unabated increase in the smartphone penetration rate in China is driving the growth of the regional market. Once the deal closes, the Activision Blizzard business will report to Phil Spencer, CEO, Microsoft Gaming. Shareholder and financial information, as well as todays 6:00 a.m. Pacific time conference call with investors and analysts, is available at http://www.microsoft.com/en-us/investor. Key stat: $1bn the funding secured to develop a vaccine from the US government. The emergence of China as a major gaming hub allowed the regional market to dominate the global market. Key stat: The e-signature leader lifted its annual revenue growth target from 31 per cent to 34 per cent, or $1.3bn. Zhifei is the local distribution partner of Merck to sell its approved vaccines in China including Gardasil 9. It has also been riding a boom in demand for data centre chips from big internet companies, as AI becomes a more important component of their services and overall digital activity jumps. Key stat: 830 net new subscription customers in the three months to the end of April to 6,261 in total, marking 105 per cent growth year on year. There were concerns that in a world of social distancing, sales would suffer. Key stat: In a recent graduate recruitment presentation, the company claimed it had enough cash to survive 17 years with no sales. b. The company is benefiting both from mandatory biological equivalency tests that aim to eliminate inferior generics, and an accelerated drug approval process. Judith Evans. Experience Your Economic Times Newspaper, The Digital Way! When the transaction closes, Microsoft will become the worlds third-largest gaming company by revenue, behind Tencent and Sony. The Teams communication app has become a way for workers to stay in touch. The Asia Pacific dominated the market in 2021 with a revenue share of over 53%. The little-known Apple supplier, a maker of the wireless AirPod earbuds, has enjoyed a share price boost during Covid-19 after reports it could be expanding production for new models. Dave Lee. Now, Alibaba is among the five largest cloud computing firms in the world. 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. Your transaction & personal information is safe and secure. Simeon Kerr in Dubai. But overall sales tumbled heavily from the closure of its stores and it has warned that it is not expecting a return to earnings growth until the fourth quarter. Key stat: Food delivery orders had bounced back to 90 per cent of their pre-pandemic level by mid-May. AstraZeneca, which has its headquarters in the UK, has climbed to the top of the FTSE 100 index after securing a deal to manufacture and distribute a potential coronavirus vaccine made by Oxford university. While labour restrictions in Singapore delayed the completion of a new facility there, investors are betting that a tide of video calls and streaming media will mean more money flowing to the owners of the internets backbone. Bobby Kotick will continue to serve as CEO of Activision Blizzard, and he and his team will maintain their focus on driving efforts to further strengthen the companys culture and accelerate business growth. A strong China open for 'Avatar' lays the ground for a film stock rally, Morgan Stanley says, Morgan Stanley turns bullish on China stocks, giving them serious upside potential, Deutsche upgrades Estee Lauder, says cosmetics stock will get a boost from China reopening in 2023. It focuses on psychotropic, oncology and diabetes drugs. Delivery Hero is once again ahead in total app downloads, although Uber Eats had the most single app downloads by 26.5 million in 2021, with DoorDash in second place. Upon close, Microsoft will have 30 internal game development studios, along with additional publishing and esports production capabilities. Joseph Cotterill in Johannesburg. It focuses on oncology, cardiovascular, surgical anaesthetics and endocrine therapeutic treatments. It has over 200 million active users, The other half of the online food delivery industry in China. Other industry giants have also reported sluggish performance in recent months. Donato Paolo Mancini. Donato Paolo Mancini. Already, companies such as BMW use some of Tencent's cloud products. When you buy physical gold you dont get a yield, but if you buy a well-run sustainably run gold mining company you should get a yield, says Barricks fast-talking chief executive Mark Bristow, who has cranked up dividend payments over the past six months on the back of the rising gold price. 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. Kana Inagaki in Tokyo. Key stat: 100 per cent sensitivity or the real number of positives Roche claims its own antibody test can detect 14 days after a positive PCR test. One of last years unheralded IPO success stories, Datadog has proved a popular bet in the crowded cloud monitoring sector. !function(e,i,n,s){var t="InfogramEmbeds",d=e.getElementsByTagName("script")[0];if(window[t]&&window[t].initialized)window[t].process&&window[t].process();else if(!e.getElementById(n)){var o=e.createElement("script");o.async=1,o.id=n,o.src="https://e.infogram.com/js/dist/embed-loader-min.js",d.parentNode.insertBefore(o,d)}}(document,0,"infogram-async"); The food delivery industry is expected to grow to $320 billion by 2029. This should make acquisitions and disposals simpler. Mark Vandevelde. TikTok, known as Douyin in its home market, was launched in China in September 2016. As the Chinese firm expands overseas, it will enter a very competitive cloud computing market dominated by U.S. giants Amazon and Microsoft. Who are the key players in the video game market? After becoming the first big software company to shift its business to the cloud, switching one-off product sales for more reliable subscription income, Adobe has experienced barely any interruption from the pandemic. Christian Shepherd in Beijing. Market players are also focusing on merger & acquisition deals as part of their efforts to stay competitive in the market. The Foxconn rival has been tipped as a likely beneficiary of Apples push to diversify its supply chain. Key stat: Square distributed $800m to small businesses as part of the US governments stimulus package. However, its content moderation capabilities have been stretched by coronavirus-related misinformation and conspiracy theories. The company is enjoying a perfect storm, said Michael Nathanson, analyst at MoffettNathanson. Alistair Gray. "The quality of research they have done for us has been excellent.". The Swiss drugmaker is also testing actemra, an arthritis drug, against Covid-19, both on its own and in combination with Gileads remdesivir. The planned acquisition includes iconic franchises from the Activision, Blizzard and King studios like Warcraft, Diablo, Overwatch, Call of Duty and Candy Crush, in addition to global eSports activities through Major League Gaming. We value your investment and offer free customization with every report to fulfil your exact research needs. Siddharth Venkataramakrishnan in London. Beijing, Nov 16, 2022 -Chinese tech giant Tencent's revenue fell 2 percent year on year in the third quarter, the company said Wednesday, as Beijing's regulatory crackdown on video games and the tech sector hit earnings. It quickly started to gain traction in China and parent company ByteDance launched an international version the following year. When Chinas lockdown hit in late January, JD.com was the only ecommerce player reliably delivering packages. The medical conglomerate owns Cepheid, a company in California that makes molecular diagnostic tests and equipment. In early June, Keyence shares hit an all-time high and the automation specialist became Japans second most valuable company after Toyota. Choose your reason below and click on the Report button. Jamie Smyth in Sydney. A Hong Kong-listed company controlled by Jack Ma, it focuses on pharmaceutical ecommerce and operates Chinas drug product identification, authentication and tracking system. 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. Uber Eats has the highest single app users, outside of China. The Department of Telecommunications (DoT) is likely to unveil a revised draft of the telecommunications bill in less than a month, to address issues around regulating content of over-the-top (OTT) apps and broadcasting services such as direct-to-home (DTH). Key stat: $250m extra sales in the first quarter, attributed to Covid-19 stockpiling. It has also been well-positioned for the world of remote work. The transaction has been approved by the boards of directors of both Microsoft and Activision Blizzard. Key stat: Global Hemlibra sales surged 146 per cent during the first quarter. After Facebook bought a 10 per cent stake for $5.7bn in April, Jio sold stakes to everyone from Silver Lake and KKR to Mubadala. The lights went out at many office buildings and shopping centres this March but DRTs data centres were running at full power. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. About Microsoft As such, market players are putting a strong emphasis on developing innovative video game consoles to capitalize on the opportunities offered through online gaming. For instance, in January 2022, Microsoft announced plans to acquire video game holding company Activision Publishing, Inc. Still, even Mr Musk said on Twitter, on May 1, that the Tesla stock price is too high. Hannah Murphy in San Francisco. Prices of new homes in China also saw their sharpest decline for seven year in October, amid a property sector debt crisis. Ryan McMorrow. Shenzhen-listed Mindray designs and manufactures advanced medical equipment and accessories for human and veterinary use, selling its products in China and overseas. Growth Rates: Formula, How to Calculate, and Definition Growth rates are the percent change of a variable over time. Grand View Research is registered in the State of California at Grand View Research, Inc. 201 Spear Street 1100, San Francisco, CA 94105, United States. How to play it. This acquisition will accelerate the growth in Microsofts gaming business across mobile, PC, console and cloud and will provide building blocks for the metaverse. Various press conferences scheduled to deliver the latest game announcements and trailers were also postponed. 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. Investors crowned Apple the first $1.5tn company. TikTok is seeing phenomenal growth across the Gulf Cooperation Council (G.C.C. Key stat: Has more than a third of the electric vehicle battery market, up from 10 per cent last year. 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. Information regarding the identity of the participants, and their direct or indirect interests in the transaction, by security holdings or otherwise, will be set forth in the proxy statement and other materials to be filed with SEC in connection with the transaction. Richard Waters, Key stat: Shares have risen more than one-third since February.Regeneron is working on repurposing an existing drug and developing a new antibody cocktail for Covid-19. Analysts said that high-end restaurants, which were afraid of cannibalisation and bad user experience, had no choice but to turn to the platform for deliveries. Most stock quote data provided by BATS. Several apps launched rapid grocery delivery services, to compete with Getir and Gorillas. The past few years has also seen more consolidation, as the larger businesses attempt to reduce the amount of competition in the market. Tencent saw a 3% increase in its international gaming revenue, but a 7% drop domestically. The company hasdeniedthe allegations. The report will account for Covid19 as a key market contributor. Its advances in the use of extreme ultraviolet light means ASMLs machines can etch a greater number of circuits per chip key for advances in the internet of things, AI and 5G communications. The crackdown decimated revenues and put further pressure on the stalling economy. Just 42 days after it received the genetic sequence of the virus, Moderna had a vaccine in vials ready to test. Sales have been boosted by its work in rating all those new corporate bonds, as well as a surge in exchange-traded derivatives volumes given the broader market volatility. Hannah Murphy. Mercedes Ruehl in Singapore. Christian Shepherd in Beijing. While fewer people commuted to work, users at home flocked to meditation and wellness podcasts, instrumental music and chilled-out tunes to help manage stress, according to Spotify. Well send you a myFT Daily Digest email rounding up the latest Coronavirus economic impact news every morning. Other names in the Tencent stable The global video game market size was estimated at USD 195.65 billion in 2021 and is expected to reach USD 220.79 billion in 2022. b. Nearly 80% of Revenue Comes From China. Its annual shopper count is fast approaching the 726m who shop with its chief rival Alibaba. Public companies had the tailwind of a surprisingly robust stock market which many believe is a bubble. The stock is near all-time highs, even after advertising and other costs meant the group lost $286m in the first quarter. Tom Braithwaite. Explore purchase options. Key factors that are driving the video game market growth include the growing penetration of internet services coupled with the easy availability and access of games on the internet across the globe. Key stat: Received regulatory clearance for its $63bn deal for Allergan in May. Uber Eats, Deliveroo and DoorDash all reported a massive acceleration in orders between February and March, as the world went into lockdown. Latin America has relatively low ecommerce penetration but Mercado Libre is already the clear leader in this sector. Judith Evans in London. Key stat: The company built 993 communication towers in the first quarter, more than three-quarters of them in Asia and Africa. The results come after China announced a series of lacklustre indicators for the worlds second-largest economy, with authorities scrambling to revive growth. The Reserve Bank of India (RBI) is estimated to have bought about $8 billion equivalent of foreign currency for the week ending December 2, in one of the biggest such weekly additions to its stockpile. The Chinese tech giant posted a drop in revenue for the second quarter in a row. Rising gold prices meant Newmont, the worlds biggest gold producer, increased its first-quarter dividend by 79 per cent and repurchased $300m of shares. Key stat: The company is building 10,000 small cell mobile phone antennas on street lights and utility poles this year. The growing sales of handheld consoles are also expected to play a vital role in driving the growth of the segment over the forecast period. Key stat: Offcn founder Li Yongxin is Chinas richest edtech entrepreneur. Domestic online game revenue fell 7% in the third quarter compared with a year ago. 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 fact, patients with the genetic lung disease may be even more likely to seek treatment as Covid-19 heightens health concerns. Consider the message it sends, Source: Capital IQ; Dates from Jan 1 to Jun 17, figures converted to US dollars. Please wait while we are processing your request Video Game Market Size & Share Growth Report, 2030. 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. The rapid growth of mini-games played within mobile apps, such as WeChat, without installing another application necessitates the expansion of China's gaming business. Key stat: Reliance has raised $15bn from investors since April. It also said in February that it was in talks with Tesla to jointly produce batteries. Led by platform-to-consumer services, such as DoorDash and Uber Eats, food delivery has expanded from takeaways to anything and everything, adding billions of dollars in potential revenue capture. This surge in demand has cooled off a bit since 2020, although Deliveroo, DoorDash and Uber all reported higher revenue and gross bookings in 2021 than 2020. | Microsoft News Center. The ecommerce group benefited as hundreds of millions of Chinese turned to shopping from their smartphones rather than going to malls. Tencent's second-biggest revenue driver is online gaming, so a slowdown in this segment is a drag on overall growth. January 18, 2022 Key stat: Hours spent playing games on Nvidias platforms jumped 50 per cent during lockdowns. Key stat: Shares in the medical devices maker are up 53 per cent this year. Social networking sites are particularly proving influential in providing a virtual platform for online video games. Key stat: Peak internet exchange traffic grew 44 per cent compared with last year as millions of workers logged on from home. Anna Nicolaou. Ryan McMorrow. Key stat: Volume of payments processed increased 38 per cent year on year in the first quarter. Key stat: Revenues rose 83 per cent in the first quarter. Wuliangye Yibin, a Chinese liquor maker, has been a magnet for investors betting on a recovery in discretionary spending in Asias largest economy. But for investors with their hands on the 0.36 per cent of publicly-traded Audi stock, the past few months have been something of a bonanza. to satiate their entertainment needs. Microsoft acquires Lumenisity, an innovator in hollow core fiber (HCF) cable, Grounded team and Obsidian Entertainment announce over 15M players have entered the backyard, As Dusk Falls wins Games for Impact category at The Game Awards, How Microsoft Bing makes holiday shopping easy, UN International Organization for Migration and Microsoft release first-ever differentially private synthetic dataset to counter human trafficking. Together we will build a future where people can play the games they want, virtually anywhere they want., For more than 30 years our incredibly talented teams have created some of the most successful games, said Bobby Kotick, CEO, Activision Blizzard. Growth was dented by weakness in the travel sector and falling in-store sales, but Adyen expects to benefit in the long term as the crisis accelerates a shift from cash in favour of contactless payments. While all of Apples 500 stores around the world were forced to close, revenues in the opening quarter were resilient thanks to robust online sales. The biggest boost came from Europe, the Middle East and Africa, where it signed up nearly 7m subscribers in the first quarter. Claire Bushey in Chicago. Eli Lilly started the first study of an antibody treatment for Covid-19 this month. Market sentiment has moved from growth to profitability, and most food delivery apps remained unprofitable throughout the pandemic. Many factors could cause actual future events to differ materially from the forward-looking statements in this presentation, including but not limited to: (i) the risk that the transaction may not be completed in a timely manner or at all, which may adversely affect Activision Blizzards business and the price of the common stock of Activision Blizzard, (ii) the failure to satisfy the conditions to the consummation of the transaction, including the adoption of the merger agreement by the stockholders of Activision Blizzard and the receipt of certain governmental and regulatory approvals, (iii) the occurrence of any event, change or other circumstance that could give rise to the termination of the merger agreement, (iv) the effect of the announcement or pendency of the transaction on Activision Blizzards business relationships, operating results, and business generally, (v) risks that the proposed transaction disrupts current plans and operations of Activision Blizzard or Microsoft and potential difficulties in Activision Blizzard employee retention as a result of the transaction, (vi) risks related to diverting managements attention from Activision Blizzards ongoing business operations, (vii) the outcome of any legal proceedings that may be instituted against Microsoft or against Activision Blizzard related to the merger agreement or the transaction, (viii) the ability of Microsoft to successfully integrate Activision Blizzards operations, product lines, and technology, and (ix) the ability of Microsoft to implement its plans, forecasts, and other expectations with respect to Activision Blizzards business after the completion of the proposed merger and realize additional opportunities for growth and innovation. Alistair Gray. Working with the Canadian company AbCellera, it found the most effective antibodies and reproduced them. JPMorgan thinks emerging markets will be the star next year, returning 14%. Hansohs almonertinib received market approval in China for second-line treatment for patients with NSCLC (the most common type of lung cancer) in March. Investors have been encouraged by RingCentrals growing adoption at large enterprise customers, which makes up more than 30 per cent of the business. Key stat: Revenues jumped 21 per cent in the first quarter. Key stat: The Chinese group is investing 1.8bn in a German battery plant. The Chinese online and offline tutoring company whose name stands for Tomorrow Advancing Life came under scrutiny for disclosing inflated sales in April. Key stat: 130m global subscribers by the end of Q1, up 31 per cent from a year ago. Tencent posted revenue of 134.03 billion Chinese yuan ($19.78 billion) in the second quarter vs. 134.6 billion yuan expected, a decline of 3% year-on-year. Patrick McGee, Key stat: The biotech reported 35.5 per cent sales growth in 2019.Vertex is not making a Covid-19 treatment. The Hong Kong-listed company, which is the world's top video game maker and the owner of popular super-app WeChat, posted revenues IHC has surprised Abu Dhabi market watchers as it bucked the coronavirus trend. Between January 2019 and March 2020, Muyuan shares rose about 340 per cent. Free business intelligence platform with subscription, 4. Dave Lee. 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Swiss group Lonza has signed a deal with Moderna, the first US company to get a potential coronavirus vaccine into human trials, on the scale-up of a potential Covid-19 inoculation. Roche, which is one of the diagnostics Big Four, has also benefited from the rollout of its tests for coronavirus, which check for current and recent signs of infection through a process known as PCR and by checking for antibodies. Offcn Education Technology, which helps train students for Chinas civil service examinations, moved its classes online in February and March. Owned by Asias richest man Mukesh Ambani, four-year-old Jio has almost 400m telecom subscribers and is branching out into ecommerce. The potential of gaming as an educational tool to develop cognitive learning is also being explored. Popular video game consoles available in the market include PlayStation 4 by Sony Corporation, Xbox One by Microsoft, and Wii U by Nintendo, among others. Chinas largest manufacturer of batteries for electric vehicles has highlighted new deals and technical breakthroughs. A Division of NBCUniversal. In this sector analysis, we will look into operations in the China, Europe, United States and United Kingdom. Besides continued pressure from Covid outbreaks, Chinese tech companies also face a tougher regulatory environment at home. In mid-June, VW confirmed it would pay 1,551.53 per outstanding share, subject to approval at the companys next AGM. Kana Inagaki. Donato Paolo Mancini. and other data for a number of reasons, such as keeping FT Sites reliable and secure, Nestl reported a boost to first-quarter growth from higher purchasing of its Purina petcare range, coffee and frozen food. Key stat: Alibabas cloud unit grew 57 per cent in the first quarter. As Japan lifted its state of emergency in late May to reflect falling Covid-19 cases, Daiichi Sankyo launched breast cancer drug Enhertu. These forward-looking statements generally are identified by the words believe, project, predicts, budget, forecast, continue, expect, anticipate, estimate, intend, strategy, future, opportunity, plan, may, could, should, will, would, will be, will continue, will likely result, and similar expressions (or the negative versions of such words or expressions). The Chinese gaming group, known for its mobile title Fantasy Westward Journey, benefited from millions of its users being stuck at home seeking entertainment due to the outbreak of coronavirus in China. It is helping drugmakers switch to more remote monitoring for their trials, when many participants are reluctant to go to the hospital during the pandemic. Hansoh Pharmaceutical was listed in Hong Kong last year and develops innovative and first-to-market generics. Microsoft even has a way to satisfy the personal: a record 90m players turned to the Xbox Live gaming service in April. To rank companies that prospered in the pandemic, we have chosen to look at equity value added. It has recently come under attack from short-sellers, including Muddy Waters. However, the online segment is expected to grow at the highest CAGR over the forecast period. Key stat: Ecommerce sales jumped 68 per cent in the three months to May. The Japanese unit of Switzerland-based Roche is the producer of rheumatoid arthritis drug actemra, which is being trialled in the US and Japan as a potential treatment for critically ill coronavirus patients. Having realized that several individuals use social media to find the video game of their choice, game developers are launching several games across various genres, including action, role play, simulation, and strategy, on social media to attract customers. With ecommerce receiving a pandemic boost, investors are betting one of Chinas largest delivery companies will be taken along for the ride. Key stat: T-Mobile added 452,000 postpaid phone subscribers in the first quarter. Ryan McMorrow in Beijing. Time spent playing games by minors decreased 92% year-on-year due to new local regulations. Delivery Hero, through its subsidiary brands of foodpanda, Glovo, PedidosYa, tabalat and Baedal Minjok, has the most active users. Meanwhile, chief executive Elon Musk is promising to upend the entire model of car ownership with fleets of self-driving robotaxis that would charge by the mile. Key stat: Shoppers on its platform increased to 628m. The products are aimed at companies that want such services but don't necessarily want to maintain the infrastructure, such a servers, or build those features themselves. Leo Lewis in Tokyo. 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. You can opt out anytime. For more details, please read our privacy policy. Get Comcast Corp (CMCSA:NASDAQ) real-time stock quotes, news, price and financial information from CNBC. Mercedes Ruehl in Singapore. Microsofts shift to the cloud under Satya Nadella has left it well-placed for a world where large numbers of people are working remotely. We want to hear from you. Sun Yu. While much of the retail sector has struggled with forced store closures and a drop in consumer spending, The Home Depot is among a select group whose sales have jumped in the crisis. The concept of gaming to learn is still in its nascent stages but gaining traction gradually. 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