Tencent posted slowest revenue growth in Q4, profit jumped on one-off gain from divesting JD.com stock
Tencent posted slowest revenue growth in Q4, profit jumped on one-off gain from divesting JD.com stock

Tencent posted slowest revenue growth in Q4, profit jumped on one-off gain from divesting JD.com stock

 

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Chinese gaming and social media giant Tencent Holdings reported a 60% jump in profit in the fourth quarter ended December 31, driven by the divestment of JD.com stock, while its revenue grew at the slowest pace ever amid China's tightened scrutiny of Big Tech companies.

Tencent posted a profit of 94.9 billion yuan ($14.9 billion) in the quarter, rising from 59.3 billion yuan a year earlier and more than triple . . .

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