Tencent Holdings Ltd.’s revenue and earnings beat estimates after its TikTok-style video platform gained traction against ByteDance Ltd. and drove growth despite a faltering Chinese economic recovery.Revenue for the three months ended March rose 6% to 159.5 billion yuan ($22 billion), compared with the 158.8 billion yuan average estimate. Net income also climbed a stronger-than-anticipated 62% after users spent 80% more time on WeChat’s video accounts, a nod to efforts to wrest engagement from r...