Friday, October 22, 2021
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Chinese language e-commerce titans embark on a spending spree

Could twenty ninth 2021 CHINESE TECH GIANTS, like these elsewhere, have thrived as covid-19 pressured customers to get their requirements…

By Staff , in Ecommerce Marketing , at May 27, 2021


CHINESE TECH GIANTS, like these elsewhere, have thrived as covid-19 pressured customers to get their requirements and leisure on-line. This month Tencent, China’s most useful tech agency, reported one other stellar set of earnings. Working revenue grew by 20% yr on yr within the first quarter, to $6.5bn. Quite than sit on this cash (or fork it out to shareholders), it has pledged to ramp up investments in its enterprise. It isn’t alone. As they vie for customers, China’s tech titans are spending extra on analysis and growth. Even after these bills and administrative prices, they’re awash with re-investable cashflow. A slug goes on advertising. However count on extra to circulate into new companies.

This text appeared within the Enterprise part of the print version underneath the headline “Chinese language tech’s on-line binge”



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