In Q3 2020, the Chinese mobile gaming market posted robust revenue growth. It generated a total of $7.56 billion. Compared to Q3 2019, that marked an increase of 25% and 3.14% higher than Q2 2020.
Industry News
Philippines mobile services revenue set to rise 6.2% in the next 5 years
The total mobile services revenue in the Philippines is set to increase at a compound annual growth rate (CAGR) of 6.2% from US$3.7bn in 2020 to US$5.0bn in 2025, mainly led by the considerable growth in mobile broadband service revenues, according to GlobalData, a leading data and analytics company.
Softbank Group announces solid H1 recovery after devastating annual loss
Japan's SoftBank Group has announced its first-half net profit soared 346.7 %, sealing a strong recovery after a massive annual loss, as tech stocks rally and the firm sheds assets to shore up its finances.
ZTE announces new Bug Bounty Program
ZTE Corporation has launched new Bug Bounty Programs to encourage security researchers and organizations worldwide to identify vulnerabilities in ZTE’s products and services.
Ooredoo Group net profit up despite dip in revenue
Ooredoo Group announced a strong set of financial results despite macroeconomic weakness in some of their markets. The Doha-based company said its net profit increased by 16%to QAR 1.47 billion in the first nine months to 30 September from QAR 1.26 billion in the same period in 2019 in a more favorable foreign exchange environment.
Telecoms World Asia 2020 to address key topics relating to the future of intelligent connectivity
Indosat Ooredoo, Smart Axiata, PLDT Global, and over 50 mobile operators from across the region to gather to shape the future of intelligent connectivity in Asia’s fastest growing telco event, Telecoms World Asia, will take place virtually on the 27th to the 29th of October with a focus on intelligent connectivity in Asia.
Huawei scores “a substantial victory” in Meng Wanzhou case
Lawyers of Huawei executive Meng Wanzhou, subject to extradition proceedings at the request of U.S. justice, are now allowed to argue that the U.S. had deceived Canada to obtain her arrest.
Etisalat UAE globally recognized by Ookla® Speedtest® as world’s fastest mobile network operator
Ookla, the global leader in fixed broadband and mobile network testing applications, data and analysis today recognised Etisalat for being the fastest mobile network operator worldwide in 2020 providing its subscribers the most superior experience with the fastest mobile speeds from anywhere in the world.
Huawei handpicked by Shenzhen airport to make new project a reality
Shenzhen airport, China's fifth largest airport and a world-class international aviation hub, has chosen Huawei to work together on the key project of its Future Airport Phase II implementation: the upgrade of its Uninterruptible Power Supply (UPS) system. Such an upgrade provides a solid energy foundation to build a smart future airport from, as well as reconstruct the Information and Communications Technology (ICT) infrastructure platform.
Huawei publishes Q3 business results
Huawei announced its business results for the first three quarters of 2020. During this period, Huawei generated CNY671.3 billion in revenue, an increase of 9.9% over the same period last year. The company's net profit margin in this period was 8.0%. Throughout the first three quarters of 2020, Huawei's business results basically met expectations.