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Tencent lifts revenues over 50%, profit almost 100% in Q4

Wednesday 21 March 2018 | 17:05 CET | News
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Chinese internet group Tencent said revenues for the fourth quarter jumped 51 percent from the year before to CNY 66.4 billion. All businesses contributed to growth, with revenues advancing 37 percent at Value Added Services, and lifting 49 percent higher at online advertising, where they were helped by Tencent Video and video streaming services. Revenues increased 32 percent at online games, driven by smartphone as well as PC games.

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Categories: Internet
Companies: Tencent
Countries: China
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