Kapronasia

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16
May
20140515 TencentQ1Financials

Tencent e-commerce challenges are surfacing

The latest financials from Tencent Group shows that overall growth stayed strong in the first quarter of 2014 as revenue hit RMB 18.4 billion, 78% of which were value-added services. E-commerce however suffered as revenues declined 24% as compared to Q4 2013. Tencent indicated that the lagging performance was a seasonal…

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Established as part of the Atlas Technologies Group and building on the legacy of Kapronasia (founded in 2007), Atlas Technologies Singapore is a strategic consulting and market research firm specializing in fintech, banking, payments, and capital markets across Asia Pacific.

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