Tencent shares jump over 4 per cent in early Hong Kong trading after better-than-expected earnings

  • Social advertising and investment gains helped to offset gaming uncertainties due to government regulation issues

Celia Chenin Shenzhen
Tencent Holdings Chairman and CEO Pony Ma speaks at the opening ceremony of the fifth World Internet Conference (WIC) in Wuzhen, Zhejiang province, China, November 7, 2018. Photo: Reuters

Tencent Holdings increased 4.3 per cent to open at HK$284 on Thursday in Hong Kong trading, after China’s internet giant posted better-than-expected third quarter profits overnight.

Tencent, the operator of China’s biggest social media and gaming businesses, posted a 30 per cent jump in third-quarter profit to US$3.4 billion as social advertising and investment gains helped to offset gaming uncertainties due to government regulation.

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