Competition is spurring big internet companies to reinvest their plush profits | Business
, like those elsewhere, have thrived as covid-19 forced consumers to get their necessities and leisure online. This month Tencent, China’s most valuable tech firm, reported another stellar set of earnings. Operating profit grew by 20% year on year in the first quarter, to $6.5bn.
Rather than sit on this money , it has pledged to ramp up investments in its business. It isn’t alone. As they vie for users, China’s tech titans are spending more on research and development. Even after those expenses and administrative costs, they are awash with re-investable cashflow. A slug goes on marketing. But expect more to flow into new services.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Rosberg and Hamilton teams clash in Extreme E's Senegal roundNico Rosberg's Extreme E team took a second win in two races of the new electric off-road series on Sunday after a clash in the final with the car entered by former Mercedes Formula One team mate Lewis Hamilton.
Read more »
We Gotchu: Here's an Extensive List on All the Best Memorial Day Fashion SalesWe Gotchu: Here's an Extensive List on All the Best Memorial Day Fashion Sales MemorialDaySales
Read more »
Bangladesh’s government cracks down on a big Islamist groupUntil now, appearing to rub along with Hefazat-e-Islam has lent Bangladesh's prime minister some credibility among the very religious
Read more »
We Gotchu: Here's an Extensive List on All the Best Memorial Day Fashion SalesWe Gotchu: Here's an Extensive List on All the Best Memorial Day Fashion Sales MemorialDaySales
Read more »
Rebel Wilson’s latest swimsuit pic is inspiring fans after recent 60-pound weight lossIn 2020, Wilson embarked on what she called her 'year of health,' which resulted in her losing 60 pounds by December.
Read more »
Here's How Your Favorite Celebrities Are Spending Memorial Day 2021 - E! OnlineFrom enjoying a day at the beach to spending the long weekend with loved ones, see how stars are celebrating Memorial Day 2021.
Read more »