Focus topics

Tencent surprises with profit surge

The recent campaign by the Chinese leadership against its tech companies (as reported by China.Table) at least seemed to have hardly any effect on its biggest player. Notwithstanding the increasing regulatory pressure, Tencent was able to significantly increase profits in the second quarter. Net income climbed by 29 percent to 42.6 billion yuan (5.6 billion euros). Analysts had expected much lower figures. According to news agency Reuters, the increase was driven by high demand for box office hits such as Honor of Kings and PUBG, as well as a boom in the advertising business. Sales climbed by a fifth to 18.2 billion euros.

Continue reading now

Get 30 days of free access to the Decision Brief to read these and more quality news every day.

Are you already a guest at the China.Table? Log in now


    Xi arrives in Hong Kong
    International reputation suffers
    VW CEO: partners inform us about human rights
    Ifo: Reduce raw material dependence on China