Chinese internet giant Tencent Holdings Ltd posted on Wednesday a 98 percent rise in quarterly net profit, beating expectations as it deepens monetization of the growing traffic on its social networks.
Net profit for the three months ended December 31 rose to 20.8 billion yuan ($3.29 billion), China’s largest social media and gaming company said in a filing to the Hong Kong Stock Exchange.
https://www.reuters.com/article/us-tencent-holdings-results/tencent-fourth-quarter-profit-nearly-doubles-beats-estimates-idUSKBN1GX0XA