Tencent delivers a blowout quarter as Honour of Kings shines
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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.
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