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Tencent rises in HK after results top analysts' estimates
Shares up 2.7% in early trading after WeChat owner reported 61% rise in third-quarter sales on Wednesday
By getting WeChat onto almost a billion smartphones in China, Tencent has leveraged the instant message service into an entertainment and gaming platform that is driving advertising sales.
PHOTO: REUTERS
Hong Kong
TENCENT Holdings Ltd rose in Hong Kong after posting accelerating sales growth and topping the most optimistic of analyst estimates.
The shares rose as much as 2.7 per cent to HK$393.40 (S$68.35) in early trading, on pace for a record close. The owner of WeChat, the
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