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Tencent fourth quarter profit beats estimates

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 ...

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Chinese smartphone brands to combat WeChat dominance

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 ...

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Toyota halts robot-car tests on US public roads

Bloomberg Toyota Motor Corp. halted tests of its “Chauffeur” autonomous driving system on US public roads after a Uber Technologies Inc. vehicle operating in autonomous mode under the supervision of a human safety driver struck and killed a woman in Tempe, Arizona, on Sunday evening. “Because we feel the incident may have an emotional effect on our test drivers, we ...

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