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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
Fri, Nov 17, 2017 - 5:50 AM

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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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