Reported 11 days ago
Tencent Holdings reported a surprising 47% growth in profits for the September quarter, attributing the boost to successful game releases and a gradual recovery in China's economy following government stimulus measures. Despite acknowledging the economic challenges ahead, Tencent's strong performance, fueled by games like Dungeon & Fighter Mobile, positions it favorably compared to rivals like Alibaba and JD.com, as analysts continue to caution against premature declarations of an economic rebound.
Source: YAHOO