Tencent Holdings Ltd booked a 17% profit rise for the three months ended March, ...
FILE PHOTO: A Tencent sign is seen during the fourth World Internet Conference in Wuzhen, Zhejiang province, China, December 4, 2017. REUTERS/Aly Song/File Photo
The Chinese video gaming leader has been hit by a prolonged freeze in China’s new games approvals since last March, which led to its sharpest-ever profit drop in the December quarter and slowest annual profit growth in 13 years in 2018. Revenue grew 16% to 85.5 billion yuan, versus an average forecast of 88.2 billion yuan from 17 analysts.
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