Internet giant Tencent Holdings warned of headwinds in China’s online advertising industry. Photo: Reuters
Internet giant Tencent Holdings warned of headwinds in China’s online advertising industry. Photo: Reuters
Tencent

Tencent posts better-than-expected first-quarter earnings on strong gaming growth

  • Shenzhen-based Tencent reported a net profit of US$4.1 billion in the first quarter, up 6 per cent from a year earlier
  • The results come amid the uneven recovery of China’s economy, which shrank for the first time in nearly four decades

Internet giant Tencent Holdings warned of headwinds in China’s online advertising industry. Photo: Reuters
Internet giant Tencent Holdings warned of headwinds in China’s online advertising industry. Photo: Reuters
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