Tencent beats expectations with 70% Q2 profit surge

Shanghai

CHINESE tech giant Tencent on Wednesday reported second-quarter results that handily beat analyst estimates in an apparent validation of the company's push to build up its entertainment and gaming businesses.

Net profit surged to 18.2 billion yuan (S$3.7 billion) in the three months ending in June, up 70 per cent year-on-year, the Shenzhen-based company said.