Tencent profit surges as gaming grows at fastest pace in two years

Credit: WorldNews- Published on August 12, 2020
Hong Kong — Tencent boosted revenue at the fastest pace since 2018, defying an economic downturn in China as it prepares to face a ban on its WeChat messaging app by US President Donald Trump. Sales rose 29% to 114.9-billion yuan ($16.5bn) in the three months ended June, beating estimates with a surge in online gaming revenue....
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Video credit: Reuters Studio
Published on August 12, 2020 -  01:20
Tencent profit up on strong games demand
Chinese gaming and social media giant Tencent Holdings Ltd said second-quarter net profit rose 37%, beating market estimates, on higher demand for its video games as coronavirus put a dent in other entertainment options. Francis Maguire reports.

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