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

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

Nintendo’s Pokémon and Riot Games have titles approved for sale in China

Nintendo’s Pokémon and Riot Games have titles approved for sale in China

China’s video gaming regulator has approved a new batch of 15 foreign video games, with titles from League of Legends-maker Riot Games, Nintendo and Sega among those to be released in the domestic market. The mobile version of Valorant, a popular first-person shooter from Riot, which is based in the US but owned by Tencent … Read more