As the name suggests, it originally functioned as a simple messenger app, a Chinese equivalent to WhatsApp in essence. Key stat: The number of items sold on Mercado Libres ecommerce platform surged 76 per cent in April. Uber Eats, Deliveroo and DoorDash all reported a massive acceleration in orders between February and March, as the world went into lockdown. 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. 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. Allen & Company LLC is acting as financial advisor to Activision Blizzard and Skadden, Arps, Slate, Meagher & Flom LLP is serving as legal counsel. Chinese tech giants are not only looking to new business divisions for growth, they are also looking for new revenue streams overseas. Its high-throughput machines are used to quickly process hundreds of tests. Tencent appeared to have laid off a number of employees in the third quarter, with the company shrinking its payroll by more than 1,800 employees between June and the end of September, according to stock exchange filings. 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. analyse how our Sites are used. Key stat: 1.5m the number of doses of remdesivir, the antiviral being used for Covid-19, that Gilead gave away for free. To access that recording: For more information, please visit theblog postfrom Phil Spencer, CEO, Microsoft Gaming. Some key players operating in the video game market include Microsoft Corporation, Nintendo Co., Ltd., Rovio Entertainment Corporation, NVIDIA Corporation, Valve Corporation., PlayJam Ltd., Bluestack Systems, Inc., and Sony Corporation. The ecommerce group benefited as hundreds of millions of Chinese turned to shopping from their smartphones rather than going to malls. Upon close, Microsoft will have 30 internal game development studios, along with additional publishing and esports production capabilities. Further, the COVID-19 pandemic has accelerated digital transformation globally. China, the US and the UK are the three largest individual countries for food delivery, Europe, primarily from Germany, Italy and Spain, is an emerging market which could surpass the US in a few years. 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. Key stat: Online sales jumped 53 per cent in the first quarter. Its shares have jumped 70 per cent since April alone. 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. Remdesivir, originally developed for Ebola, is being used in hospitals in the US, UK and Japan. The release briefly lifted Daiichis stock price to the highest level since 2005. Explore purchase options. Anna Nicolaou. Key stat: Volume of payments processed increased 38 per cent year on year in the first quarter. ), with the app ranking among the top downloads in regional Apple and Google Play Stores. Sun Yu. Investors hope a long-term shift towards eating and drinking at home will continue to boost the Swiss group. In a global spending spree, Tencent has exploited falling valuations: it recently acquired Norwegian game developer Funcom, took a stake in German developer Yager, and poured capital into an array of fintech start-ups. Ryan McMorrow in Beijing. The move marks a realization that Tencent needs to find new sources of growth abroad as China's economy slows. 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. JPMorgan thinks emerging markets will be the star next year, returning 14%. Working with the Canadian company AbCellera, it found the most effective antibodies and reproduced them. With ecommerce receiving a pandemic boost, investors are betting one of Chinas largest delivery companies will be taken along for the ride. Key stat: 15-20 minutes, the time Celltrion says it will take its Covid-19 self-testing diagnostic kitto reveal results. Chugais profits rose 57 per cent in the first quarter on expanding sales of its haemophilia blockbuster Hemlibra, which has catapulted the company into becoming Japans most valuable drugmaker. 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. It focuses on psychotropic, oncology and diabetes drugs. 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. Goldman Sachs & Co. LLC is serving as financial advisor to Microsoft and Simpson Thacher & Bartlett LLP is serving as legal counsel. This presentation contains certain forward-looking statements within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995 with respect to the proposed transaction and business combination between Microsoft and Activision Blizzard, including statements regarding the benefits of the transaction, the anticipated timing of the transaction and the products and markets of each company. The company mainly produces growth hormone products. Tencent's strategy could focus on trying to sign up global firms with a presence in China as well as Chinese companies expanding abroad. Last year, Beijing introduced rules that cut the amount of time people under 18 could play online games to a maximum of three hours a week. Ryan McMorrow. Tencent Holdings Limited of China has emerged as the largest player in the global video game market owing to the inorganic growth strategies, such as the acquisition of Riot Games and Supercell Oy, which the company has been pursuing aggressively. 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. Key stat: Revenues increased 382 per cent in the first quarter. Key stat: Nestls petcare division boasted 13.9 per cent organic growth in the first quarter. Shares are up 60 per cent this year. While the outbreak of the COVID-19 pandemic took a severe toll on the global economy, the video game industry continued to exhibit remarkable growth. Patrick McGee in San Francisco. U.S. sports platform Fanatics has raised $700 million in a new financing round led by private equity firm Clearlake Capital, valuing Fanatics at $31 billion. The results come after China announced a series of lacklustre indicators for the worlds second-largest economy, with authorities scrambling to revive growth. 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. 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. 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. Tencent's fintech and business services division, which includes its cloud computing division, grew 4% year-on-year in the third quarter. 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. Various press conferences scheduled to deliver the latest game announcements and trailers were also postponed. Sales at the Shenzhen-listed company rose during the period, though profits slipped. Key stat: Year-on-year revenue increased 36 per cent in the first quarter. Many parts of China have faced lockdowns and other Covid-19 restrictions in recent months, disrupting business activity and adding to consumer worries as Beijing tries to stamp out the Omicron variants spread under its strict zero-Covid policy. In fact, patients with the genetic lung disease may be even more likely to seek treatment as Covid-19 heightens health concerns. Legendary games, immersive interactive entertainment and publishing expertise accelerate growth in Microsofts Gaming business across mobile, PC, console and cloud. Since consumers are forced to stay at home, they are turning to popular OTT service providers such as Netflix, Amazon Prime, etc. Key stat: Ecommerce sales jumped 68 per cent in the three months to May. It focuses on oncology, cardiovascular, surgical anaesthetics and endocrine therapeutic treatments. Donato Paolo Mancini. AroundDeal extension helps you find targeted contacts on LinkedIn, HubSpot, Salesforce or any company site. Why follow tips? Hannah Kuchler. Key stat: The company expects parcel volume to grow 31 to 35 per cent this year. 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. Rising gold prices meant Newmont, the worlds biggest gold producer, increased its first-quarter dividend by 79 per cent and repurchased $300m of shares. The proliferation of smartphones, the growing internet penetration rate, and the easy availability of games on the internet are expected to contribute to the growth of the market. eSports is also another sector which is expected to be favorably impacted by more and more people confined to their homes. To rank companies that prospered in the pandemic, we have chosen to look at equity value added. Tencent has increasingly turned to overseas business, particularly in Europe. b. Microsoft (Nasdaq MSFT @microsoft) enables digital transformation for the era of an intelligent cloud and an intelligent edge. The global market observed a humongous growth rate of 5.7% in 2020 as compared to 9.8% in 2019. Discounted price for multiple reports across domains, 2. Prices of new homes in China also saw their sharpest decline for seven year in October, amid a property sector debt crisis. The $200+ billion gaming industry is the largest and fastest-growing form of entertainment. Richard Waters, The pioneer of online payments has found increased relevance in the real-world pandemic, rolling out new capabilities for merchants to handle contactless payments in physical stores. Nestl reported a boost to first-quarter growth from higher purchasing of its Purina petcare range, coffee and frozen food. Got a confidential news tip? Key stat: Lonza and Moderna hope to produce 1bn vaccine doses per year. Botox was one of the key reasons for AbbVie wanting to buy Allergan securing solid cash flow from the cosmetic treatment. Most stock quote data provided by BATS. Mark Vandevelde. Demand for its hit game Free Fire surged in the March quarter while a consumer shift to digital channels boosted sales for its loss-making ecommerce business in south-east Asia and Taiwan. 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. One of last years unheralded IPO success stories, Datadog has proved a popular bet in the crowded cloud monitoring sector. 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. The network effects of more delivery riders, alongside route optimisations technologies, has enabled faster and cheaper delivery. Neil Hume in London. Still, with many shops still closed and customers moving online, logistics space is expected to be in demand. 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. Microsoft will acquire Activision Blizzard for $95.00 per share, in an all-cash transaction valued at $68.7 billion, inclusive of Activision Blizzards net cash. SF Holding runs Chinas most reliable courier operation. But Facebooks engagement levels exploded, increasing its advertising impressions. But premiums have remained the same, fattening margins. The medicine is derived from the antibody response from one of the first US patients to contract the disease. But by May, executives were upbeat as food delivery and travel booking recovered. 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. 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. US health insurer Centene has experienced a surge in profits because of the coronavirus emergency. 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. The virtual telephone app has announced ambitions to compete with Zoom, rolling out a video offering. 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. These filings identify and address other important risks and uncertainties that could cause events and results to differ materially from those contained in the forward-looking statements set forth in this press release. Complimentary 10 hours free analyst time for market review, 3. Hansohs almonertinib received market approval in China for second-line treatment for patients with NSCLC (the most common type of lung cancer) in March. GSXTechedu is an education company offering online tutoring services in China. As demand rose for its ultra-cheap goods, the total value of transactions over its platform soared and revenues were up 44 per cent in the first quarter. 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. 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. Trading at 800 at the start of the year, the shares have been on a meteoric rise since February, when parent company VW announced it would buy out remaining stakeholders. Which segment accounted for the largest video game market share? The transaction has been approved by the boards of directors of both Microsoft and Activision Blizzard. Other industry giants have also reported sluggish performance in recent months. While there are signs that the gaming crackdown could now be over, Tencent has felt the impact. The stock is near all-time highs, even after advertising and other costs meant the group lost $286m in the first quarter. Market sentiment has moved from growth to profitability, and most food delivery apps remained unprofitable throughout the pandemic. The growing demand for interactive entertainment systems and the rising number of gamers considering online video games as an entertainment tool of their choice are also expected to play a major role in driving the growth of the online segment. Choose your winners rationally in 3 simple steps! Media consumption is expected to witness a substantial increase as a direct consequence of lockdowns enforced in several countries across the globe to combat the spread of the deadly coronavirus. Tim Bradshaw in London. Key stat: Market value has surged 409 per cent this year in a mysterious rise that few believe is linked to fundamentals. 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. All Rights Reserved. It is sold globally with AstraZeneca, which struck a $6.9bn deal with the Japanese company for shared rights to the treatment. Its shares have jumped a fifth in 2020, far outpacing its namesake S&P 500 index. TikTok is seeing phenomenal growth across the Gulf Cooperation Council (G.C.C. CrowdStrike, the Silicon Valley cyber security company known for uncovering Russian hackers inside the servers of the US Democratic National Committee, has positioned itself as a beneficiary of the shift to remote working, promising to better protect users with its cloud first security. 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. The transaction is subject to customary closing conditions and completion of regulatory review and Activision Blizzards shareholder approval. Key stat: T-Mobile added 452,000 postpaid phone subscribers in the first quarter. Richard Waters. PayPal facilitated the transfer of more than $1bn in federal loans as part of the US Small Business Administrations Paycheck Protection Program. Hannah Murphy. Donato Paolo Mancini. Since then it has climbed even higher. Its annual shopper count is fast approaching the 726m who shop with its chief rival Alibaba. Key stat: The 49.6MW running through DRTs 275 data centres is enough electricity to power a city the size of Santa Barbara. The Chinese online and offline tutoring company whose name stands for Tomorrow Advancing Life came under scrutiny for disclosing inflated sales in April. 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. Donato Paolo Mancini. As a member of the Fortune 500 and as a component company of the S&P 500, we have an extraordinary track record of delivering superior shareholder returns for over 30 years. Market players are largely focusing on the development of next-generation video game consoles and engaging video game content. Its mission is to empower every person and every organization on the planet to achieve more. 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. Latin America has relatively low ecommerce penetration but Mercado Libre is already the clear leader in this sector. Ryan McMorrow in Beijing. Still, the accelerated shift to online shopping and the increased importance of its cloud computing business in the remote work era drove Amazons stock to all-time highs. 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. Hence, game developers are focusing on the compatibility and efficiency of hardware. The growth of the mobile segment can be attributed to the increasing smartphone penetration rate across the globe. WeChat was launched in 2011 as Weixin, Mandarin for micro-message. Edward White. Market players are also putting a strong emphasis on enhancing customer experience by offering products featuring multi-utility features that allow end-users to play games and browse the internet simultaneously. Beijings widespread crackdown on the tech sector, beginning in late 2020, saw record fines, cancelled IPOs and lengthy investigations into top players. Miles Kruppa in San Francisco. 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. 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. Key stat: Chewy added 1.6m new customers in the first quarter, bringing the total to 15m. There will be a recording of the conference call available shortly after the call until Friday, Jan. 28, 2022, at 5 p.m. Pacific time. Edward White in Wellington. Many non-essential procedures have been postponed until business returns to normal, meaning insurers have to disperse less in payments to healthcare providers. Its money transfer app Venmo was popular, pre-coronavirus, for friends settling dinner bills. WeChat was developed by and belongs to Chinese tech behemoth Tencent, one of the most valuable companies in the world. In this sector analysis, we will look into operations in the China, Europe, United States and United Kingdom. Who are the key players in the video game market? Leo Lewis in Tokyo. The Chinese tech giant posted a drop in revenue for the second quarter in a row. With Activision Blizzards nearly 400 million monthly active players in 190 countries and three billion-dollar franchises, this acquisition will make Game Pass one of the most compelling and diverse lineups of gaming content in the industry. Choose reports from a database of more than 10,000 reports. Free business intelligence platform with subscription, 4. Through communities rooted in our video game franchises we enable hundreds of millions of people to experience joy, thrill and achievement. REDMOND, Wash. and Santa Monica, Calif. Jan. 18, 2022 With three billion people actively playing games today, and fueled by a new generation steeped in the joys of interactive entertainment, gaming is now the largest and fastest-growing form of entertainment. Siddharth Venkataramakrishnan in London. Note to editors: For more information, news and perspectives from Microsoft, please visit the Microsoft News Center at http://www.microsoft.com/news. 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. These multi-utility gaming consoles are anticipated to play a niche role in driving the growth of the market over the forecast period. Key stat: 44 per cent revenue growth in the first quarter of 2020. We enable social connections through the lens of fun, and we foster purpose and meaning through competitive gaming. Privacy Policy. Paint, piping, lumber, drills and fittings are among the many products stocked by Lowes and its sales have boomed. The platform also was increasingly used for misinformation related to the pandemic. Alice Hancock in London. Despite losing patent protection on its anti-inflammatory Humira the bestselling drug in the world in the US by 2023, the prospects for four other drugs, including in oncology and for psoriasis, have enticed investors to a stock with stable growth and a good dividend yield. Key stat: Demand for its online games during coronavirus-led lockdown boosted first-quarter revenue by 18 per cent year on year. As such, market players are putting a strong emphasis on developing innovative video game consoles to capitalize on the opportunities offered through online gaming. Activision Blizzard scored points with investors thanks to two enduring franchises: Call of Duty, which outgunned the competition on both consoles and also on mobile, and Candy Crush Saga, which analysts at App Annie and IDC say was the fourth-highest grossing mobile game on iOS globally in the first quarter. Investors are upbeat about its acquisition of a unit carved off by Japanese rival Takeda, and a touted merger of three Celltrion affiliates. Mindray has exported nearly 100,000 medical devices, including ventilators, during the coronavirus pandemic. In March the US Food and Drug Administration fast-tracked approval for Cepheids Covid-19 test, which can be processed using diagnostic equipment already in place at more than 25,000 hospitals and health clinics worldwide. The company benefited from a business based largely on subscriptions, helping shield it from the fallout in advertising. 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. Judith Evans. 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. Hannah Kuchler. Key stat: Shares in the group are up 140 per cent in 12 months. A Division of NBCUniversal. Several apps launched rapid grocery delivery services, to compete with Getir and Gorillas. Key stat: Has more than a third of the electric vehicle battery market, up from 10 per cent last year. It has led to a surge of one-third in the share price of Prosus, the companys European investment vehicle that is waving the cheque book for deals in the post-coronavirus world. 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. b. DoorDash pulled ahead of the competition in 2020 and currently has 57 percent of market share in the US, the second largest market for food delivery. Besides continued pressure from Covid outbreaks, Chinese tech companies also face a tougher regulatory environment at home. You can opt out anytime. Jack Dorseys Square was seen as a Covid-19 loser when small businesses started to close, but investors perked up when it seemed the companys integrated payments platform would be a key part of a faster-than-expected recovery, with contactless payments and ecommerce upgrades. 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. For instance, in December 2021, Tencent Holdings Limited partnered with NVIDIA Corporation to launch START, a new cloud gaming service, to allow gamers to access AAA games on underpowered devices. Simeon Kerr in Dubai. Sales of gaming chips were dented by the closure of internet cafs in China, while the automotive industry, a big customer, has experienced a collapse in sales. Regulators also froze game approvals for several months, meaning companies like Tencent and rival NetEase could not launch and monetize new titles. The mobile segment dominated the market in 2021 with a revenue share of over 40%. Given that online advertising went into sharp decline as the crisis unfolded, early signs suggest Alphabet has shown surprising resilience. However, other business units such as cloud computing and bricks and mortar grocery helped it achieve 22 per cent year-on-year sales growth. When consumers rushed out to stockpile ahead of lockdowns this year, the worlds largest food company reaped the benefits. Forward-looking statements speak only as of the date they are made. Key stat: Even with sports fixtures cancelled worldwide, Flutter increased gambling revenues 10 per cent year on year in the three months to May 17. Kana Inagaki in Tokyo. Key stat: The e-signature leader lifted its annual revenue growth target from 31 per cent to 34 per cent, or $1.3bn. Record revenues followed, but also soaring costs. 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. Siddharth Venkataramakrishnan. Key stat: Investment-grade companies have issued more than $1tn of debt this year, a record. Advisors Were investing deeply in world-class content, community and the cloud to usher in a new era of gaming that puts players and creators first and makes gaming safe, inclusive and accessible to all., Players everywhere love Activision Blizzard games, and we believe the creative teams have their best work in front of them, said Phil Spencer, CEO, Microsoft Gaming. South Korean pharmaceutical group Celltrion has promoted its development of an antiviral treatment to fight Covid-19 while producing its own diagnostics kits. Richard Waters in San Francisco. 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. The company, which receives four-fifths of its revenue from video games, used the momentum to pursue a $2.7bn secondary listing on the Hong Kong Exchange in June. Key stat: Shares are up 134 per cent in 12 months. The group bought British game studio Sumo for US$1.3 billion (RM7 billion) last year and increased its stake in French studio Ubisoft in September. In mid-June, VW confirmed it would pay 1,551.53 per outstanding share, subject to approval at the companys next AGM. 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. Kana Inagaki. Key stat: Shares are up 129 per cent so far in 2020. 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. Delivery Hero, through its subsidiary brands of foodpanda, Glovo, PedidosYa, tabalat and Baedal Minjok, has the most active users. 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. The longer the current situation lasts, the bigger the benefit to Netflix. Anna Nicolaou. AFP, A man walks outside the Tencent headquarters in Nanshan district of Shenzhen, Guangdong province September 2, 2022. Key stat: $8bn the cash and debt available for Naspers international investment vehicle to make deals. Grocery delivery service Instacart said it achieved its 2022 goals in the third week of lockdown. 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: 19.3bn: annual turnover of Unilevers foods division, which some analysts believe it will spin off. Social networking sites are particularly proving influential in providing a virtual platform for online video games. Key stat: Tenants signed leases on 28.3m sq ft of warehouse space in April and May, down 16 per cent from last year. Key stat: Danahers subsidiary says its GeneXpert machines can each run 2,000 tests per day. More than 100 million gamers, including over 25 million Xbox Game Pass members, play Xbox games across console, PC, mobile phones and tablets each month. Apple executives predicted sales of some items would even accelerate, as millions of consumers working from home would opt to upgrade their electronics. Marketplace | News & Insights | Data | Events, Grubhub Revenue and Usage Statistics (2022), Postmates Revenue and Usage Statistics (2022), Just Eat Revenue and Usage Statistics (2022), DoorDash Revenue and Usage Statistics (2022), Uber Eats Revenue and Usage Statistics (2022), Getir Revenue and Usage Statistics (2022), Instacart Revenue and Usage Statistics (2022), Deliveroo Revenue and Usage Statistics (2022), Gorillas Revenue and Usage Statistics (2022), Rapid Delivery App Revenue and Usage Statistics (2022), https://www.businessofapps.com/data/uber-eats-statistics/, The most widely available food delivery service, active in six continents and first or second in gross orders in most countries, https://www.businessofapps.com/data/just-eat-statistics/, Leader of food delivery in the UK and active in Europe and Australia, also holds a stake in Brazilian food aggregator iFood, https://www.businessofapps.com/data/grubhub-statistics/, Original aggregator in the US and with Seamless, controlled over 50 percent of US online food delivery up until 2018, https://www.businessofapps.com/data/deliveroo-statistics/, The pioneer of platform-to-consumer in the UK, it now operates in 13 countries, competing with Uber and Just Eat, https://www.businessofapps.com/data/doordash-statistics/, The current leader in online food delivery in the US, which also pioneered the platform-to-consumer model, https://www.businessofapps.com/data/postmates-statistics/, A subsidiary of Uber Eats since 2019, responsible for about 10 percent of online food delivery in the United States, A European aggregator responsible (through subsidiaries) for most online food delivery in Germany, Netherlands and Belgium, https://www.deliveryhero.com/brands-countries/, Through its many subsidiaries (including Food Panda), Delivery Hero has a controlling interest in food delivery platforms in over 40 countries, Owned by Alibaba, Ele.me is one of the two major food delivery platforms in China. Latest News. Key stat: Net income rose 19 per cent in the first quarter. Leila Abboud. While the spirit serves as a lubricant for business deals, a shortage of supply is giving an extra boost. 1. A subsidiary of Zhifei was reportedly co-developing with an institute under the Chinese Academy of Sciences to develop a vaccine against Covid-19. 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. Leila Abboud in Paris. Donato Paolo Mancini. Miles Kruppa. Alistair Gray. The Hong Kong-listed company, which is the world's top video game maker and the owner of popular super-app WeChat, posted revenues Mercedes Ruehl in Singapore. Advances in technology and continued innovation in both hardware and software to enhance the real-time rendering of graphics are expected to drive the growth of the market over the forecast period. Several of the aggregators (Just Eat, Grubhub) have recently incorporated this platform-to-consumer system, in which they are responsible for the delivery as well as the ordering process. Key stat: Lowes hired more than 100,000 workers for the spring season after a surge in demand. Tencent's second-biggest revenue driver is online gaming, so a slowdown in this segment is a drag on overall growth. Richard Waters. The global video game market is expected to grow at a compound annual growth rate of 12.9% from 2022 to 2030 to reach USD 583.69 billion by 2030. b. Sales were up 46 per cent year-on-year in the first quarter, but it still made a net loss of $57.7m in the period. Time spent playing games by minors decreased 92% year-on-year due to new local regulations. Gilead Sciences has been the only branded drug approved for treating Covid-19 patients. Investors are betting that it will emerge as the strongest player in the recently legalised US sports betting sector. The offline segment dominated the market in 2021 with a share of over 62%. Key stat: Zoom video calls reached 300m participants a day* in April. 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. The Shenzhen-headquartered company views cloud computing as an area that could pick up the slack. 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. It also has a stable revenue base and guaranteed pipeline of new business in the years ahead, thanks to its use by big companies that pay regular subscriptions, and which are mostly at an early stage in applying the technology across their organisations. The company is benefiting both from mandatory biological equivalency tests that aim to eliminate inferior generics, and an accelerated drug approval process. 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. The company is enjoying a perfect storm, said Michael Nathanson, analyst at MoffettNathanson. Key stat: Received regulatory clearance for its $63bn deal for Allergan in May. Nicholas Megaw in London. Benedict Mander in Buenos Aires. Key stat: The company is building 10,000 small cell mobile phone antennas on street lights and utility poles this year. 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. Financial Services Make smarter business decisions knowing how consumers and businesses manage their money, borrow and make payments. Chinese people isolated at home turned to Tencents virtual worlds. Key stat: The companys share price has soared 62 per cent this year. Ryan McMorrow. TikTok, known as Douyin in its home market, was launched in China in September 2016. The Teams communication app has become a way for workers to stay in touch. One of the worlds largest insulin producers, Novo Nordisk benefited from a recent surge in demand across the pharmaceuticals sector, as patients and healthcare providers stockpiled drugs. Related imagery is also available. Microsoft Media Relations, Assembly Media for Microsoft, [emailprotected]. ----- What is AroundDeal extension? Addition or alteration to country, regional & segment scope. The food delivery market has seen significant growth over the past five years. Donato Paolo Mancini. As the pioneer of cloud-based software applications for businesses, Salesforce could be lifted by the greater urgency for companies to digitise their operations. China Tourism Group Duty Free reported a loss in the first quarter for the first time in a decade. Well send you a myFT Daily Digest email rounding up the latest Coronavirus economic impact news every morning. Key stat: The e-signature leader lifted its annual revenue growth target from 31 per cent to 34 per cent, or $1.3bn. Hannah Kuchler. 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. The company hasdeniedthe allegations. Donato Paolo Mancini in London. 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. Pro Investing by Aditya Birla Sun Life Mutual Fund, ICICI Prudential Large & Mid Cap Fund-Growth. 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). The growing popularity of e-sports tournaments and the increasing number of professional gamers are also driving the sales of video games and accessories. Microsofts shift to the cloud under Satya Nadella has left it well-placed for a world where large numbers of people are working remotely. This website is secure and your personal details are safe. Miles Kruppa. And with games like Candy Crush, Activision Blizzards mobile business represents a significant presence and opportunity for Microsoft in this fast-growing segment. China last month reported its first decline in exports since the early days of the pandemic, while factory activity and gate prices also fell. In a dismal year for most companies, a minority have shone: pharmaceutical groups boosted by their hunt for a Covid-19 vaccine; technology giants buoyed by the trend for working from home; and retailers offering lockdown necessities online. Mark Vandevelde. Chief executive Mark Zuckerberg has come under fire from employees for failing to flag incendiary or misleading statements from US President Donald Trump. 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. or renewing/enhancing their existing Pay TV packages, procuring IPTV subscriptions, etc. Key stat: 402 miles: the range of Teslas latest Model S, underscoring its technological lead. Key stat: 4.6m students were signed up in February, a 57 per cent year-on-year rise. 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. 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