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Tencent advances revenues 48%, profit over 60% in Q1

Wednesday 16 May 2018 | 20:56 CET | News

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Chinese internet group Tencent said revenues for the first quarter leaped 48 percent year-on-year to CNY 73.528 billion. All businesses contributed to growth, with revenues going up 340 percent at Value Added Services, and rising 26 percent at online games. The increase there was mainly driven by growth at smartphone games, including existing titles such as Honour of Kings and newly launched titles MU Awakening and QQ Speed Mobile. PC client game revenues were broadly while social network revenues advanced 47 percent, pushed primarily by growth from digital content services such as live

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Categories: Internet
Companies: Tencent
Countries: China
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