Tag Archives: Software (NEC) (TRBC level 5)

Australian stocks are poised to close out a fourth week of gains on a muted note | Instant News


April 16 (Reuters) – Australian stocks struggled for direction on Friday, a day after marking their highest close in nearly 14 months, as gains in mining and gold stocks battled losses in the energy name.

The S & P / ASX 200 index fell 0.07% to 7,054 in early trading, but is on track to post a fourth consecutive weekly gain.

Energy stocks were the biggest drag on the benchmark index, down 0.84%, even though crude hit a fresh four-week high on the improving outlook for demand.

Origin Energy Ltd led the losses on the sub-index with a 2.98% drop, after cutting its annual profit guidance for its energy markets division.

Gold stocks rose 3.7%, capping losses on the benchmark index. Silver Lake Resources Ltd jumped 5.6%, followed by Red 5 Ltd, up 5.41%.

Overnight, gold bullion prices peaked in more than a month as US Treasury yields slumped.

Australian miners rose as much as 0.7% after iron ore prices recovered from losses due to strong demand in the previous session.

Tech shares rose 0.7%, led by a 5.2% jump at Altium Ltd and a 2.3% gain in Appen, after a technology-led Wall Street rally sparked by falling bond yields and strong March US retail sales.

In New Zealand, the benchmark S & P / NZX 50 was up 0.38% to 12,684.6. Napier Port led the gains, up as much as 2.3%, as it raised its outlook on bright market conditions. (Reporting by Savyata Mishra in Bengaluru; Editing by Subhranshu Sahu)

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The Zip Australia report noted Q3 earnings growth, eyeing expansion in Canada and Asia | Instant News


* Record revenue, transaction volume, customer growth

* Took stake in BNPL Philippines in the third quarter

* Made initial launch in Canada in the third quarter

April 13 (Reuters) – Australia’s buy-now-pay-later (BNPL) Zip Co Ltd on Tuesday posted record revenue, transaction volume and customer growth in the third quarter and announced plans to expand into Canada and Southeast Asia, shipping shares. jumped by more than 11%.

The strong performance was driven by growth at Quadpay, its US unit, where subscribers, volume and revenue grew in the triple digits as competition with bigger rivals Afterpay, Klarna and Affirm in the world’s top economies heated up.

Zip, which has strengthened its international presence to better compete, took a strategic stake in the Philippine company TendoPay and did a soft launch in Canada during the quarter.

In December, Zip raised A $ 150 million in capital to fund its expansion in the United States, United Kingdom, and took shares in companies in the Middle East and Eastern Europe.

In the third quarter ending March, transaction volume more than doubled from a year earlier to A $ 1.6 billion ($ 1.22 billion), while revenues totaled A $ 114.4 million, up 80%.

Active subscribers totaled 6.4 million, supported by a 19% increase in the US from late December, while the number of traders on its platform stood at 45,300.

“3Q was a weak quarter on a seasonal basis, but at the current pace of current US business in particular and the growing customer and trader base at ANZ, regional expansion bodes well for 4Q21,” wrote RBC Capital Markets in a client note.

In Australia, net bad debt fell to 1.78% from 1.93% three months earlier. Zip does not provide numbers for the United States.

“Our US business has come to prominence again, affirming our position as truly one of the fastest growing global BNPL leaders,” said Zip Chief Executive Officer Larry Diamond.

The stock jumped as much as 11.2% to A $ 9.25, before easing some of that gain to trade 9% higher after an hour of trading. ($ 1 = 1.3130 Australian dollars) (Reported by Nikhil Kurian Nainan in Bengaluru; Edited by Subhranshu Sahu)

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Exclusive: Tencent’s Timi game studio made $ 10 billion in 2020, sources said | Instant News


(Reuters) – Chinese tech giant Tencent’s Timi Studios, maker of the popular video games Honor of Kings and Call of Duty Mobile, generated $ 10 billion in revenue last year, two people with first-hand knowledge of the matter told Reuters.

FILE PHOTOS: The Tencent logo is seen on its booth at the 2020 China International Exhibition for Trade in Services (CIFTIS) in Beijing, China September 4, 2020. REUTERS / Tingshu Wang /

The $ 10 billion in cash will make Timi the world’s largest developer, said the source, who is suspected by many industry observers.

It also provides a solid foundation for its ambition to go beyond mobile gaming and compete head-to-head with global heavyweights developing expensive “AAA” titles on platforms such as desktop computers, Sony’s PlayStation, Nintendo 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 the mighty powers from Japan, Korea, Europe and the US”

Tencent is building studios overseas, including one for Timi and one for Lightspeed and Quantum, both in Los Angeles, with the aim of creating content with original intellectual property that has global appeal.

Tencent ultimately aims to raise half of its gaming revenue from abroad, from 23 percent in the fourth quarter of 2019, the most recent figure available.

Many major studios turn to Tencent for support for converting their “hardcore” desktop or console games to mobile. Such games feature long, storytelling sessions or in-depth battles, with some including multiplayer online role-playing games or online battle arenas.

Last week, Tencent reported 156.1 billion yuan ($ 23.79 billion) in overall online gaming revenue for 2020 but did not break down revenue for individual studios, which run independently and compete with each other.

Timi’s results account for 40% of gaming revenue, the two men said.

Of Tencent’s remaining gaming revenue last year, studios Lightspeed and Quantum, developer of PUBG Mobile, another gross-earning game, accounted for 29%, people said, while 26% was the result of publishing for other developers. Aurora Studios Group, boosted by the Moonlight Blade Mobile title, contributed 3%, said the source.

The source declined to be identified because the information was not public.

Tencent did not immediately reply to a Reuters request for comment.

Tencent, which has benefited from a surge in gamer payments, said last week online gaming revenue rose 29% to 39.1 billion yuan in the fourth quarter.

($ 1 = 6.5619 Chinese yuan renminbi)

Reporting by Pei Li and Tony Munroe. Edited by Gerry Doyle

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Sweden’s MTG will buy New Zealand-based Ninja Kiwi for up to $ 186 million | Instant News


STOCKHOLM (Reuters) – E-sports and gaming group MTG have agreed to buy mobile game developer Ninja Kiwi for around 1.6 billion crowns ($ 186 million) to expand its game portfolio, he said on Wednesday.

MTG said the prepayment would be around 1.2 billion crowns with a proceeds payout of up to 406 million crowns, including cash and a stock component.

The Swedish company said in a separate statement that it raised 1.1 billion crowns of stock issues to be directed at Swedish and international institutional investors to finance the deal while investment firm Atairos has agreed to cover around 50% to be significant long term. shareholders in the company.

MTG, which has a market capitalization of $ 1.3 billion, said buying Ninja Kiwi would bring it into a new game genre, tower defense strategy games, with a total of about 140 million downloads to date and 6.2 million monthly active users.

“Upon completing the acquisition, MTG holds a strong position in the urban building and strategy genres through InnoGames, mobile racing via Hutch, idle gaming via Kongregate, and tower defense via Ninja Kiwi,” the company said in a statement.

Privately owned Ninja Kiwi based in Auckland, New Zealand. The games include the Bloons Tower Defense game.

MTG recently established a new holding company for its gaming business, MTG Gaming, to make acquisitions – such as Hutch and Ninja Kiwi – and all of its shares in gaming companies InnoGames and Kongregate.

MTG had said in January that it had entered into a non-binding arrangement to buy an unknown mobile game developer for an initial purchase price of around $ 130- $ 150 million.

Reporting by Helena Soderpalm and Simon Johnson; Edited by David Goodman and Elaine Hardcastle

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MTG Sweden will buy Ninja Kiwi based in New Zealand | Instant News


STOCKHOLM (Reuters) – E-sports and gaming group MTG have agreed to buy mobile game developer Ninja Kiwi for around 1.6 billion crowns ($ 186 million) to expand its game portfolio, he said on Wednesday.

The Swedish company said in a separate statement that it raised 1.1 billion crowns in directional share issues, of which investment firm Atairos will cover about 50%, to finance the deal.

MTG said in January that it had entered into a non-binding arrangement to buy an unknown mobile game developer for an initial purchase price of around $ 130 million to $ 150 million.

($ 1 = 8.5796 Swedish crowns)

Reporting by Helena Soderpalm; Edited by David Goodman

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