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Stocks Blog: Shanghai, Hong post gains; Tencent tumbles

  • HSBC Qianhai eating up hotpot
  • Menacing 'fall armyworm' sends Chinese pesticide stocks soaring
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Topic |   Stocks Blog
Tencent Holdings reported a 17 per cent year-on-year increase in net profit to 27.2 billion yuan (US$3.9 billion) in the first quarter. Photo: AP

Tencent posts better-than-expected US$3.9 billion first-quarter profit as fintech services grow

  • Revenue rose 16 per cent to 85.5 billion yuan, missing analysts’ estimates
  • Profit received a boost from an 11 billion yuan gain from its investee companies
Topic |   Tencent

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Tencent Holdings reported a 17 per cent year-on-year increase in net profit to 27.2 billion yuan (US$3.9 billion) in the first quarter. Photo: AP
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