Tencent Quarterly Profits Rebound to $6.7 Billion as China Games Segment Returns to Growth and Streaming Adds Subscribers

Tencent, China’s leading social media, streaming and games group, enjoyed a rebound in profitability in the second quarter of the year that it says vindicates its position as platform operator and content producer. Revenues in the April to June period increased by 8% to RMB161 billion ($22.5 billion), but net profit surged ahead by 82% […]