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May 16, 2018 11:35 am GMT

Tencent profit jumps 61% to $3.7B as its mobile gaming business surges

Warnings that Tencent, Asia’s highest-valued tech company, might suffer a rare poor quarter of business proved unwarranted after the company smashed analyst expectations for its latest earnings thanks to its fast-growing mobile games business. The company reported a net profit of23.29 billion CNY ($3.7 billion) on revenue of73.53 billion yuan ($11.5 billion) — beatinga Thomson […]

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