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.