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- ChorongbaliChorongbali
  ·2021-04-08
  Oh nice
  Uber spending $250 million to lure drivers back to work as pandemic restrictions ease
  Driver says Uber is already delivering bonuses while calling them a 'stimulus' -- 'We know what this
  Uber spending $250 million to lure drivers back to work as pandemic restrictions ease
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- ChorongbaliChorongbali
  ·2021-04-08
  Nice
  Uber spending $250 million to lure drivers back to work as pandemic restrictions ease
  Driver says Uber is already delivering bonuses while calling them a 'stimulus' -- 'We know what this
  Uber spending $250 million to lure drivers back to work as pandemic restrictions ease
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- ChorongbaliChorongbali
  ·2021-04-02
  Nice
  Tencent's Timi gaming studio generated $10 billion in 2020, sources say
  (Reuters) - Chinese tech giant Tencent's Timi Studios, maker of popular video games Honor of Kings a
  Tencent's Timi gaming studio generated $10 billion in 2020, sources say
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Competitor Lyft Inc. <a href=\"https://laohu8.com/S/LYFT\">$(LYFT)$</a> has not responded to a request for comment.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Uber spending $250 million to lure drivers back to work as pandemic restrictions ease</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nUber spending $250 million to lure drivers back to work as pandemic restrictions ease\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2021-04-08 06:40</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<p>Driver says Uber is already delivering bonuses while calling them a 'stimulus' -- 'We know what this is: It's a bonus to get people on the road,' she added</p><p>Uber Technologies Inc. announced Wednesday it will spend $250 million on bonuses to lure drivers back to the platform as it gears up for increased ride-hailing demand.</p><p>Uber had recently indicated it expected to spend money on luring drivers back once COVID-19 restrictions loosened, and drivers say they're already seeing bonuses. But shares of Uber <a href=\"https://laohu8.com/S/UBER\">$(UBER)$</a> fell 2% to $56.89.</p><p>\"In 2020, many drivers stopped driving because they couldn't count on getting enough trips to make it worth their time,\" the company said in a blog post. \"In 2021, there are more riders requesting trips than there are drivers available to give them-- making it a great time to be a driver.\" Uber noted that it was a limited-time offer, and that it expects driver earnings to return to pre-COVID levels once more drivers return to the platform.</p><p>Nicole Moore, a Lyft driver and organizer with Los Angeles-based Rideshare Drivers United, said drivers have been seeing the bonuses, which Uber in its announcement referred to as a \"stimulus.\"</p><p>\"It's funny that they're calling it a stimulus,\" she said. \"They're trying to tap into 'we're trying to stimulate the economy, like we're the government.' We know what this is: It's a bonus to get people on the road.\"</p><p>Moore added that drivers she knows are not \"taking crappy rides\" because they don't want to risk contracting COVID-19 for little compensation.</p><p>KeyBanc Capital Market analysts said in a note this week they have seen \"anecdotal evidence indicating that driver supply remains insufficient in key tourist locations.\"</p><p>Ed Yruma, managing director at KeyBanc, told MarketWatch that \"both Uber and Lyft have been aggressive in trying to get drivers back\" through incentives like bonuses when they hit certain rides or income thresholds.</p><p>He added that although the lack of driver supply is a negative for both companies, he expects it to be temporary: \"The key takeaway is demand is strong. It's easier to fix supply issues than demand.\"'</p><p>Uber Chief Executive Dara Khosrowshahi said at a tech, media and telecom conference at the beginning of March that \"the workday non-commute part of our business is nearly fully recovered.\" He also said then that the company would be shifting incentives from attracting riders to drivers to make sure it was prepared for the rebound in rides demand.</p><p>The company saw its rides or mobility business recover to declines of just 50% year over year in North America and elsewhere in early March, said Andrew Macdonald, senior vice president of Uber's mobility and business operations, at a separate tech industry conference. He noted that the company's rides volume in Miami has recovered 75%, and Atlanta and New York City have rebounded 60%, while the rides rebound on the West Coast has lagged.</p><p>Uber has not returned a request for additional details. Competitor Lyft Inc. <a href=\"https://laohu8.com/S/LYFT\">$(LYFT)$</a> has not responded to a request for comment.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LYFT":"Lyft, Inc.","UBER":"优步"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2125080729","content_text":"Driver says Uber is already delivering bonuses while calling them a 'stimulus' -- 'We know what this is: It's a bonus to get people on the road,' she addedUber Technologies Inc. announced Wednesday it will spend $250 million on bonuses to lure drivers back to the platform as it gears up for increased ride-hailing demand.Uber had recently indicated it expected to spend money on luring drivers back once COVID-19 restrictions loosened, and drivers say they're already seeing bonuses. But shares of Uber $(UBER)$ fell 2% to $56.89.\"In 2020, many drivers stopped driving because they couldn't count on getting enough trips to make it worth their time,\" the company said in a blog post. \"In 2021, there are more riders requesting trips than there are drivers available to give them-- making it a great time to be a driver.\" Uber noted that it was a limited-time offer, and that it expects driver earnings to return to pre-COVID levels once more drivers return to the platform.Nicole Moore, a Lyft driver and organizer with Los Angeles-based Rideshare Drivers United, said drivers have been seeing the bonuses, which Uber in its announcement referred to as a \"stimulus.\"\"It's funny that they're calling it a stimulus,\" she said. \"They're trying to tap into 'we're trying to stimulate the economy, like we're the government.' We know what this is: It's a bonus to get people on the road.\"Moore added that drivers she knows are not \"taking crappy rides\" because they don't want to risk contracting COVID-19 for little compensation.KeyBanc Capital Market analysts said in a note this week they have seen \"anecdotal evidence indicating that driver supply remains insufficient in key tourist locations.\"Ed Yruma, managing director at KeyBanc, told MarketWatch that \"both Uber and Lyft have been aggressive in trying to get drivers back\" through incentives like bonuses when they hit certain rides or income thresholds.He added that although the lack of driver supply is a negative for both companies, he expects it to be temporary: \"The key takeaway is demand is strong. It's easier to fix supply issues than demand.\"'Uber Chief Executive Dara Khosrowshahi said at a tech, media and telecom conference at the beginning of March that \"the workday non-commute part of our business is nearly fully recovered.\" He also said then that the company would be shifting incentives from attracting riders to drivers to make sure it was prepared for the rebound in rides demand.The company saw its rides or mobility business recover to declines of just 50% year over year in North America and elsewhere in early March, said Andrew Macdonald, senior vice president of Uber's mobility and business operations, at a separate tech industry conference. He noted that the company's rides volume in Miami has recovered 75%, and Atlanta and New York City have rebounded 60%, while the rides rebound on the West Coast has lagged.Uber has not returned a request for additional details. 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But shares of Uber <a href=\"https://laohu8.com/S/UBER\">$(UBER)$</a> fell 2% to $56.89.</p><p>\"In 2020, many drivers stopped driving because they couldn't count on getting enough trips to make it worth their time,\" the company said in a blog post. \"In 2021, there are more riders requesting trips than there are drivers available to give them-- making it a great time to be a driver.\" Uber noted that it was a limited-time offer, and that it expects driver earnings to return to pre-COVID levels once more drivers return to the platform.</p><p>Nicole Moore, a Lyft driver and organizer with Los Angeles-based Rideshare Drivers United, said drivers have been seeing the bonuses, which Uber in its announcement referred to as a \"stimulus.\"</p><p>\"It's funny that they're calling it a stimulus,\" she said. \"They're trying to tap into 'we're trying to stimulate the economy, like we're the government.' We know what this is: It's a bonus to get people on the road.\"</p><p>Moore added that drivers she knows are not \"taking crappy rides\" because they don't want to risk contracting COVID-19 for little compensation.</p><p>KeyBanc Capital Market analysts said in a note this week they have seen \"anecdotal evidence indicating that driver supply remains insufficient in key tourist locations.\"</p><p>Ed Yruma, managing director at KeyBanc, told MarketWatch that \"both Uber and Lyft have been aggressive in trying to get drivers back\" through incentives like bonuses when they hit certain rides or income thresholds.</p><p>He added that although the lack of driver supply is a negative for both companies, he expects it to be temporary: \"The key takeaway is demand is strong. It's easier to fix supply issues than demand.\"'</p><p>Uber Chief Executive Dara Khosrowshahi said at a tech, media and telecom conference at the beginning of March that \"the workday non-commute part of our business is nearly fully recovered.\" He also said then that the company would be shifting incentives from attracting riders to drivers to make sure it was prepared for the rebound in rides demand.</p><p>The company saw its rides or mobility business recover to declines of just 50% year over year in North America and elsewhere in early March, said Andrew Macdonald, senior vice president of Uber's mobility and business operations, at a separate tech industry conference. He noted that the company's rides volume in Miami has recovered 75%, and Atlanta and New York City have rebounded 60%, while the rides rebound on the West Coast has lagged.</p><p>Uber has not returned a request for additional details. Competitor Lyft Inc. <a href=\"https://laohu8.com/S/LYFT\">$(LYFT)$</a> has not responded to a request for comment.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Uber spending $250 million to lure drivers back to work as pandemic restrictions ease</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nUber spending $250 million to lure drivers back to work as pandemic restrictions ease\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2021-04-08 06:40</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<p>Driver says Uber is already delivering bonuses while calling them a 'stimulus' -- 'We know what this is: It's a bonus to get people on the road,' she added</p><p>Uber Technologies Inc. announced Wednesday it will spend $250 million on bonuses to lure drivers back to the platform as it gears up for increased ride-hailing demand.</p><p>Uber had recently indicated it expected to spend money on luring drivers back once COVID-19 restrictions loosened, and drivers say they're already seeing bonuses. But shares of Uber <a href=\"https://laohu8.com/S/UBER\">$(UBER)$</a> fell 2% to $56.89.</p><p>\"In 2020, many drivers stopped driving because they couldn't count on getting enough trips to make it worth their time,\" the company said in a blog post. \"In 2021, there are more riders requesting trips than there are drivers available to give them-- making it a great time to be a driver.\" Uber noted that it was a limited-time offer, and that it expects driver earnings to return to pre-COVID levels once more drivers return to the platform.</p><p>Nicole Moore, a Lyft driver and organizer with Los Angeles-based Rideshare Drivers United, said drivers have been seeing the bonuses, which Uber in its announcement referred to as a \"stimulus.\"</p><p>\"It's funny that they're calling it a stimulus,\" she said. \"They're trying to tap into 'we're trying to stimulate the economy, like we're the government.' We know what this is: It's a bonus to get people on the road.\"</p><p>Moore added that drivers she knows are not \"taking crappy rides\" because they don't want to risk contracting COVID-19 for little compensation.</p><p>KeyBanc Capital Market analysts said in a note this week they have seen \"anecdotal evidence indicating that driver supply remains insufficient in key tourist locations.\"</p><p>Ed Yruma, managing director at KeyBanc, told MarketWatch that \"both Uber and Lyft have been aggressive in trying to get drivers back\" through incentives like bonuses when they hit certain rides or income thresholds.</p><p>He added that although the lack of driver supply is a negative for both companies, he expects it to be temporary: \"The key takeaway is demand is strong. It's easier to fix supply issues than demand.\"'</p><p>Uber Chief Executive Dara Khosrowshahi said at a tech, media and telecom conference at the beginning of March that \"the workday non-commute part of our business is nearly fully recovered.\" He also said then that the company would be shifting incentives from attracting riders to drivers to make sure it was prepared for the rebound in rides demand.</p><p>The company saw its rides or mobility business recover to declines of just 50% year over year in North America and elsewhere in early March, said Andrew Macdonald, senior vice president of Uber's mobility and business operations, at a separate tech industry conference. He noted that the company's rides volume in Miami has recovered 75%, and Atlanta and New York City have rebounded 60%, while the rides rebound on the West Coast has lagged.</p><p>Uber has not returned a request for additional details. Competitor Lyft Inc. <a href=\"https://laohu8.com/S/LYFT\">$(LYFT)$</a> has not responded to a request for comment.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LYFT":"Lyft, Inc.","UBER":"优步"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2125080729","content_text":"Driver says Uber is already delivering bonuses while calling them a 'stimulus' -- 'We know what this is: It's a bonus to get people on the road,' she addedUber Technologies Inc. announced Wednesday it will spend $250 million on bonuses to lure drivers back to the platform as it gears up for increased ride-hailing demand.Uber had recently indicated it expected to spend money on luring drivers back once COVID-19 restrictions loosened, and drivers say they're already seeing bonuses. But shares of Uber $(UBER)$ fell 2% to $56.89.\"In 2020, many drivers stopped driving because they couldn't count on getting enough trips to make it worth their time,\" the company said in a blog post. \"In 2021, there are more riders requesting trips than there are drivers available to give them-- making it a great time to be a driver.\" Uber noted that it was a limited-time offer, and that it expects driver earnings to return to pre-COVID levels once more drivers return to the platform.Nicole Moore, a Lyft driver and organizer with Los Angeles-based Rideshare Drivers United, said drivers have been seeing the bonuses, which Uber in its announcement referred to as a \"stimulus.\"\"It's funny that they're calling it a stimulus,\" she said. \"They're trying to tap into 'we're trying to stimulate the economy, like we're the government.' We know what this is: It's a bonus to get people on the road.\"Moore added that drivers she knows are not \"taking crappy rides\" because they don't want to risk contracting COVID-19 for little compensation.KeyBanc Capital Market analysts said in a note this week they have seen \"anecdotal evidence indicating that driver supply remains insufficient in key tourist locations.\"Ed Yruma, managing director at KeyBanc, told MarketWatch that \"both Uber and Lyft have been aggressive in trying to get drivers back\" through incentives like bonuses when they hit certain rides or income thresholds.He added that although the lack of driver supply is a negative for both companies, he expects it to be temporary: \"The key takeaway is demand is strong. It's easier to fix supply issues than demand.\"'Uber Chief Executive Dara Khosrowshahi said at a tech, media and telecom conference at the beginning of March that \"the workday non-commute part of our business is nearly fully recovered.\" He also said then that the company would be shifting incentives from attracting riders to drivers to make sure it was prepared for the rebound in rides demand.The company saw its rides or mobility business recover to declines of just 50% year over year in North America and elsewhere in early March, said Andrew Macdonald, senior vice president of Uber's mobility and business operations, at a separate tech industry conference. He noted that the company's rides volume in Miami has recovered 75%, and Atlanta and New York City have rebounded 60%, while the rides rebound on the West Coast has lagged.Uber has not returned a request for additional details. Competitor Lyft Inc. $(LYFT)$ has not responded to a request for comment.","news_type":1},"isVote":1,"tweetType":1,"viewCount":152,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":340104105,"gmtCreate":1617350014307,"gmtModify":1634521281739,"author":{"id":"3577174411668438","authorId":"3577174411668438","name":"Chorongbali","avatar":"https://static.tigerbbs.com/fa3b8b32a7267961a010e2c037276e25","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3577174411668438","authorIdStr":"3577174411668438"},"themes":[],"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/340104105","repostId":"2124341527","repostType":4,"repost":{"id":"2124341527","kind":"news","pubTimestamp":1617346260,"share":"https://www.laohu8.com/m/news/2124341527?lang=&edition=full","pubTime":"2021-04-02 14:51","market":"hk","language":"en","title":"Tencent's Timi gaming studio generated $10 billion in 2020, sources say","url":"https://stock-news.laohu8.com/highlight/detail?id=2124341527","media":"StreetInsider","summary":"(Reuters) - Chinese tech giant Tencent's Timi Studios, maker of popular video games Honor of Kings a","content":"<p>(Reuters) - Chinese tech giant Tencent's Timi Studios, maker of popular video games Honor of Kings and Call of Duty Mobile, generated revenue of $10 billion last year, two people with direct knowledge of the matter told Reuters.</p><p>The $10 billion would make Timi the world's largest developer, the sources say, which many industry watchers had suspected to be the case.</p><p>It also provides a hefty basis for its ambitions to move beyond mobile games and compete directly with global heavyweights developing expensive \"AAA\" titles on platforms such as desktop computers, Sony's PlayStation, Nintendo's Switch and Microsoft's Xbox.</p><p>In a recruitment notice last month, a Timi engineer wrote that the company aims to create a new AAA game that resembles the virtual community from the movie Ready Player One, and will \"compete head-to-head against big powers from Japan, Korea, Europe and U.S.\"</p><p>Tencent is building studios overseas, including <a href=\"https://laohu8.com/S/AONE\">one</a> for Timi and <a href=\"https://laohu8.com/S/AONE.U\">one</a> for Lightspeed and Quantum, both in Los Angeles, with the goal of creating content with original intellectual property that has global appeal.</p><p>Tencent aims eventually to derive half its game revenue from overseas, from 23 percent in the fourth quarter of 2019, the most recently available figure.</p><p>Many major studios are turning to Tencent for support to convert their \"hardcore\" desktop or console games to mobile. Such games feature long sessions and in-depth storytelling or battles, with some including multiplayer online role-playing or online battle arenas.</p><p>Last week, Tencent reported 156.1 billion yuan ($23.79 billion) in overall online game revenues for 2020 but did not break down revenue for individual studios, which are run independently and compete with each other.</p><p>Timi's proceeds accounted for 40% of the game revenue, said the two people.</p><p>Of Tencent's remaining gaming revenue last year, its Lightspeed and Quantum studio, the developer of PUBG Mobile, another top-grossing game, contributed 29%, the people said, while 26% was proceeds from publishing for other developers. Aurora Studios Group, boosted by its Moonlight Blade Mobile title, contributed 3%, the people said.</p><p>The sources declined to be identified because the information is not public.</p><p>Tencent did not immediately reply to a Reuters request for comment.</p><p>Tencent, which has benefited from a surge in paying gamers, said last week its online games revenue rose 29% to 39.1 billion yuan in the fourth quarter.</p>","source":"highlight_streetinsider","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Tencent's Timi gaming studio generated $10 billion in 2020, sources say</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTencent's Timi gaming studio generated $10 billion in 2020, sources say\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-02 14:51 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.streetinsider.com/dr/news.php?id=18215376><strong>StreetInsider</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Reuters) - Chinese tech giant Tencent's Timi Studios, maker of popular video games Honor of Kings and Call of Duty Mobile, generated revenue of $10 billion last year, two people with direct knowledge...</p>\n\n<a href=\"https://www.streetinsider.com/dr/news.php?id=18215376\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"00700":"腾讯控股"},"source_url":"https://www.streetinsider.com/dr/news.php?id=18215376","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2124341527","content_text":"(Reuters) - Chinese tech giant Tencent's Timi Studios, maker of popular video games Honor of Kings and Call of Duty Mobile, generated revenue of $10 billion last year, two people with direct knowledge of the matter told Reuters.The $10 billion would make Timi the world's largest developer, the sources say, which many industry watchers had suspected to be the case.It also provides a hefty basis for its ambitions to move beyond mobile games and compete directly with global heavyweights developing expensive \"AAA\" titles on platforms such as desktop computers, Sony's PlayStation, Nintendo's Switch and Microsoft's Xbox.In a recruitment notice last month, a Timi engineer wrote that the company aims to create a new AAA game that resembles the virtual community from the movie Ready Player One, and will \"compete head-to-head against big powers from Japan, Korea, Europe and U.S.\"Tencent is building studios overseas, including one for Timi and one for Lightspeed and Quantum, both in Los Angeles, with the goal of creating content with original intellectual property that has global appeal.Tencent aims eventually to derive half its game revenue from overseas, from 23 percent in the fourth quarter of 2019, the most recently available figure.Many major studios are turning to Tencent for support to convert their \"hardcore\" desktop or console games to mobile. Such games feature long sessions and in-depth storytelling or battles, with some including multiplayer online role-playing or online battle arenas.Last week, Tencent reported 156.1 billion yuan ($23.79 billion) in overall online game revenues for 2020 but did not break down revenue for individual studios, which are run independently and compete with each other.Timi's proceeds accounted for 40% of the game revenue, said the two people.Of Tencent's remaining gaming revenue last year, its Lightspeed and Quantum studio, the developer of PUBG Mobile, another top-grossing game, contributed 29%, the people said, while 26% was proceeds from publishing for other developers. Aurora Studios Group, boosted by its Moonlight Blade Mobile title, contributed 3%, the people said.The sources declined to be identified because the information is not public.Tencent did not immediately reply to a Reuters request for comment.Tencent, which has benefited from a surge in paying gamers, said last week its online games revenue rose 29% to 39.1 billion yuan in the fourth quarter.","news_type":1},"isVote":1,"tweetType":1,"viewCount":152,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"defaultTab":"followers","isTTM":false}