Bloomberg Billionaire Li Shufu’s Geely Automobile Holdings Ltd. expects the tycoon’s overseas bets from Daimler to Lotus and Volvo to help fuel growth as the Chinese carmaker targets new markets. While Geely is boosting sales and profit in China on demand for its sport-utility vehicles, the company said it’s preparing for intensifying competition from both local and foreign brands. That’s ...

Bloomberg Tencent Holdings Ltd. posted quarterly profit that beat estimates, bolstered by mobile game blockbusters like Honour of Kings and a growing advertising business. Net income at China’s largest company almost doubled to a record 20.8 billion yuan ($3.3 billion) in the three months ended December. That compares with the 16.6 billion-yuan average of estimates compiled by Bloomberg. Sales for ...

Bloomberg China’s biggest smartphone vendors are getting together for a software platform offering access to apps that can provide an alternative for WeChat’s more than 1 billion users. Huawei Technologies Co., Oppo, Vivo and Xiaomi Corp. are teaming with six smaller brands for Quick App, which lets users access a range of services including mobile payments. That’s a direct challenge ...