Ma Huateng

Tencent beats estimates with 47% profit jump, driven by video gaming

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Tencent beats estimates with 47% profit jump, driven by video gaming

Tencent Holdings, operator of China’s biggest social media app and the world’s largest video gaming business by revenue, beat analyst estimates with a 47 per cent profit jump in the third quarter, helped by renewed growth in the video gaming segment. Profit reached 53.2 billion yuan (US$7.4 billion) in the three months ended September, up … Read more

China celebrates 30th anniversary of country’s first internet connection in sign of support for the sector

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China celebrates 30th anniversary of country’s first internet connection in sign of support for the sector

China celebrates 30th anniversary of country’s first internet connection in sign of support for the sector A government-backed forum commemorating the 30-year anniversary of China’s access to the global internet brought together the country’s regulators and Big Tech executives, including Tencent Holdings founder Pony Ma Huateng, on Saturday as Beijing moves to boost the private … Read more