People walk past a Tencent Holdings sign at the company’s headquarters in Shenzhen, in southern Guangdong province, on August 7. Photo: ReutersPeople walk past a Tencent Holdings sign at the company’s headquarters in Shenzhen, in southern Guangdong province, on August 7. Photo: Reuters
People walk past a Tencent Holdings sign at the company’s headquarters in Shenzhen, in southern Guangdong province, on August 7. Photo: Reuters

Tencent posts 37 per cent quarterly profit increase on back of games as US WeChat ban looms

  • Tencent, which runs the world’s largest video games business and China’s biggest social media platform, reported a net profit of US$4.8 billion in the quarter ended June 30
  • Revenue increased 29 per cent to US$16.5 billion

Topic |   Tencent
People walk past a Tencent Holdings sign at the company’s headquarters in Shenzhen, in southern Guangdong province, on August 7. Photo: ReutersPeople walk past a Tencent Holdings sign at the company’s headquarters in Shenzhen, in southern Guangdong province, on August 7. Photo: Reuters
People walk past a Tencent Holdings sign at the company’s headquarters in Shenzhen, in southern Guangdong province, on August 7. Photo: Reuters
READ FULL ARTICLE
Close
We need your support

Advertising helps us continue to provide quality content. Help support us by disabling your adblocker on our site.

How to whitelist us:
  1. 1
    Click on the AdBlock icon at the top right corner of your browser.
    For iOS, go to Settings/Safari/Content Blockers and turn it off.

    For Android, go to your Ad blocker app/Settings and turn it off.
  2. 2
    Click Enabled on this site until the text reads Disabled on this site.
  3. 2
    Click the cross icon on the top right corner to close this window and refresh the page.
  4. 3
    Click the cross icon on the top right corner to close this window and refresh the page.