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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 in 2007, Atlas Technologies Singapore, an Atlas Technologies Group Company, is a leading consulting and market research firm specializing in fintech, banking, payments, and capital markets. Our services aim to equip clients across the region with the necessary insights to capitalize on their most valuable opportunities and maintain a competitive edge in the market.

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