Our view on Tencent's Q2 earnings
Tencent's Q2 earnings fell short of expectations with net income of CNY 17.9 billion versus an estimated CNY 19.3bn. Revenue, meanwhile, disappointed with CNY 73.7bn versus forecasts of CNY 77.7bn.
Saxo Bank head of equity strategy Peter Garnry takes a closer look at China’s electronic and software giant Xiaomi, known as the ‘Apple of China’, as it gears up for its IPO.
Beijing-based Xiaomi, reportedly the world’s fifth-largest smartphone company, is expected to sell shares in July with its market valuation rumoured to be around $70 to $80 billion.
On May 3, Xiaomi filed to list its shares on the Hong Kong stock exchange.