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Tencent profit surged 89% in Q3 on strong gaming business and recovering advertising

Chinese gaming and social media giant Tencent Holdings Ltd reported an 89 per cent rise in third-quarter profit on Thursday, with its blockbuster game Honour of Kings and solid advertising businesses helping it to beat forecasts.

Tencent made 38.5 billion yuan ($5.8 billion) profit for the three months through September, ahead of an analyst average estimate of 30.81 billion yuan. Its revenue rose 29 per cent year over year to 125.4 billion . . .

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