China's Tencent Grinds Out Profits Increase in Second Quarte

China's Tencent Grinds Out Profits Increase in Second Quarter, as Local Games and Economy Slow

Tencent, the Chinese games, social media and streaming giant, reported further quarterly profits recovery after a dire 2022. But its revenues for the April-June period missed financial analysts’ expectations and point to continued weakness in the Chinese economy. Group revenues for the period were RMB149 billion ($20.6 billion), representing an 11% year-on-year growth, but a …

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China , Hong Kong , Chinese , Wechat Weixin , Hong Kong Stock Exchange , Hong Kong Stock , Tencent , Tencent Video , Chinese Games , Social Media ,

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