Tencent Levels Up as China Hunkers Down - News Summed Up

Tencent Levels Up as China Hunkers Down


Tencent, the world’s largest game company, hit a high score as everyone was staying at home. Reaching the next level after the lockdown boom ends could be more challenging. The Chinese game giant’s revenue last quarter rose 26% from a year earlier to a record 108 billion yuan ($15.2 billion), beating analysts’ expectations on S&P Global Market Intelligence. Tencent’s operating income increased 1%, also higher than expected. The company booked smaller gains from its investments last quarter, compared with a year earlier....


Source: Wall Street Journal May 13, 2020 14:03 UTC



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