A Tencent sign at the World Internet Conference in Wuzhen, China, October 20, 2019.reported earnings that beat expectations thanks to a strong performance in its gaming business and better-than-expected results out of its financial technology and advertising units.Revenue of 108 billion Chinese yuan vs. 101.4 billion yuan estimated. That's a 26% year-on-year rise.
Profit attributable to equity holders of the company hit 28.9 billion yuan vs. 23.83 billion yuan estimated. That's a 6% year-on-year rise. "Games serve important roles in keeping players entertained and connected, especially during the stay-at-home period. For mobile games, our studios released attractive content and our publishing teams ran compelling in-game events and activities, resulting in higher DAU ," Tencent said in a statement.
Source: News Formal (newsformal.com)
NBC News does a great job of propping up China while tearing down the US. The CCP appreciates it
Tencent smashes earnings and the faces of millions of minority Uyghurs, Tibetans and Cantonese. If you support Tencent, then you support racist genocide. FreeHongKong
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