Tencent delivers a blowout quarter as Honour of Kings shines

Hong Kong

TENCENT Holdings Ltd posted its strongest growth in more than seven years, riding the success of games such as Honour of Kings and a rapidly expanding Internet advertising business.

China's largest social network operator reported a 61 per cent rise in revenue to 65.2 billion yuan (S$13.3 billion) in the September quarter, outpacing the 61 billion yuan projected. That also marked the biggest gain in sales since 2010, when revenue was a mere one-fourteenth of its current level. Profit also beat estimates.