Tencent Profit Beats Estimates After Big Summer for China Games
Tencent Holdings Ltd.’s profit surged a better-than-anticipated 47% after the summer release of Dungeon & Fighter Mobile helped China’s most valuable company resist a severe economic downturn.The social media and entertainment leader postedBloomberg Terminal net income of 53.2 billion yuan ($7.4 billion) for the September quarter, surpassing the average projection for 45.3 billion yuan. Revenue rose 8% to 167.2 billion yuan, broadly in line with estimates....
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