China's Tencent quarterly profit jumps 89%, beats forecast

The Chinese giant has benefitted from healthy growth of paying users for video games in China and international markets. Tencent said that, following the COVID-19 outbreak, overall China advertising activity appeared to have largely returned to normal, with rapid growth in sectors such as education, Internet services and ecommerce platforms. “The year-on-year revenue growth rate was therefore lower than previous quarters, which we expect to be temporary in nature,” Tencent said. …read more

Source:: Yahoo Finance

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