Second-quarter profits at Tencent, whose products range from instant messaging and social networks to online games, exceeded expectations as it continued to expand its mobile gaming business.
The Shenzhen-based tech group, which recently led a consortium that bought an 84 per cent stake in Clash of Clans maker Supercell for $8.6bn, made a net profit of Rmb10.7bn ($1.6bn) in the three months to June 30.
This exceeded forecasts of Rmb9.5bn and was a 47 per cent increase on the same period a year ago. Revenue rose 52 per cent year-on-year to Rmb35.7bn.
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