Headlines from China: Tencent Holdings Posts Better-than-expected First Quarter Earnings

Tencent Holdings Posts Better-than-expected First Quarter Earnings

On Wednesday, Tencent Holdings published its 2020 first-quarter earnings report, showing a $4.1 billion net profit, up 6 percent from a year earlier. As the first Internet giant to post information regarding earnings, Tencent achieved a better-than-expected result in the first quarter. The growth is mostly driven by the company’s rich gaming portfolio as well as strong distribution capability, and coupled with the fact that people spent most of their time indoors in the first quarter. Read more on Entertainment Capital

Chinese CDC: Six Steps Before Reopening Movie Theaters

Chinese Center for Disease Control and Prevention hosted a press conference yesterday regarding theaters reopening. For places with low risks, CDC suggested theater owners to complete six preventive measures before reopening their businesses. These measures including preparing disinfection equipments, streamlining ticketing process, scanning tickets without contact, restricting seating limits, and six feet distancing. CDC also offered four tips to moviegoers. Read more on Mtime