By Paul Carsten BEIJING (Reuters) - Tencent Holdings Ltd , China's biggest listed tech firm, posted its second quarter of year-on-year profit gain of more than 50 percent as smartphone gaming revenue continued to grow at a breakneck pace. Net income rose 59 percent to 5.84 billion yuan ($949 million) in the three months to end-June compared with a year earlier, Tencent said on Wednesday. Tencent, with a market cap of more than $160 billion, has built its success on WeChat, known as Weixin in China. Through the mobile messaging app, the arch-rival of Chinese e-commerce giant Alibaba Group Holding Ltd [IPO-BABA.N] has been raking in money since it introduced smartphone games in late 2013.
via Tech News Headlines - Yahoo News http://ift.tt/1q8fuMr
Brak komentarzy:
Prześlij komentarz