Tencent’s earnings report reveals surging licensing and content production costs

Excluding one-off items, Tencent Music Entertainment Group earned 0.57 yuan per American depositary share in the quarter, in line with analysts’ average estimate, according to IBES data from Refinitiv. In a significant development, China’s hugely successful content streaming firm Tencent Music Entertainment Group delivered its first earnings report as a public company. Although its result…

KKR & Co agrees to purchase minority stake in AppLovin Corp for $400 million

KKR’s investment will allow AppLovin to grow as it places systemic structures that will enable to become a public limited company. Private equity firm KKR & Co disclosed it will acquire a minority stake in AppLovin Corp for $400 million. The development comes in the wake of Washing forcing the U.S. mobile marketing firm to…

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