Tencent net profit jumped 175% in Q4 despite Beijing’s heightening scrutiny, pledged to work closely with regulators to deliver compliant products
STOCKS
Tencent net profit jumped 175% in Q4 despite Beijing’s heightening scrutiny, pledged to work closely with regulators to deliver compliant products
STOCKS

Tencent net profit jumped 175% in Q4 despite Beijing’s heightening scrutiny, pledged to work closely with regulators to deliver compliant products

 

>>REAL-TIME UPDATES IN THE WIRE. CLICK HERE<<<

 

 

Chinese internet giant Tencent Holdings Ltd's revenue grew 26 per cent in the fourth quarter last year partly driven by surging revenue from online gaming business.

Its revenue increased to 133.7 billion yuan ($20.5 billion) in the three months ended December, compared to the 133.1 billion yuan average forecast. Net income surged 175 per cent year over year to 59.3 billion yuan, with one-time gains contributing over half its profit. That compared with the 32.9 billion yuan projected.

Revenues from online games grew by 29 per cent in . . .

Sign In or Subscribe To Get Full Access.

 

Everything you need about China markets is on THE WIRE - one timeline with up-to-the-minute updates throughout every trading day.

Follow China Market In The Most Efficient Way!

 

TRY US FOR FREE

 

Sign Up For Free Weekly China Market Highlights HERE!Â