Tencent profit tops forecast as fintech and cloud revenues surge

By on
Tencent profit tops forecast as fintech and cloud revenues surge

Makes up for declines in games.

Tencent Holdings Ltd posted record quarterly profit on Wednesday, smashing market expectations, as the social media and gaming giant booked a rise in the value of its investments while fintech and cloud revenues helped make up for declines in games. Even so, revenue grew at its slowest-ever ...

Hi! You've reached one of our premium articles. This is available exclusively to subscribers.

It's free to register, and only takes a few minutes.

Once you sign up you'll have unlimited access to the full catalogue of Australia's best business IT content, as well as a daily news bulletin delivered straight to your inbox.

Register now
Got a news tip for our journalists? Share it with us anonymously here.
Tags:
cloud finance software storage tencent

Most Read Articles

AWS suffers cloud problems in Sydney region

AWS suffers cloud problems in Sydney region
Optus breaks silence on NBN Co's enterprise behaviour

Optus breaks silence on NBN Co's enterprise behaviour
The CIO moves that made headlines in 2019

The CIO moves that made headlines in 2019
Apple pushes back against EU common charger

Apple pushes back against EU common charger
You must be a registered member of iTnews to post a comment.
| Register

Whitepapers from our sponsors

Are you getting profitable outcomes from your IT?
Are you getting profitable outcomes from your IT?
Your Microsoft Security journey starts here
Your Microsoft Security journey starts here
Is your AWS framework well-architected?
Is your AWS framework well-architected?
Why you should reassess your cybersecurity posture
Why you should reassess your cybersecurity posture
How will you manage the cloud data deluge?
How will you manage the cloud data deluge?

Events

Log In

Username / Email:
Password:
  |  Forgot your password?