Tencent Sees Jump in Profit Thanks to WeChat and Online Games

Advertisement
By Associated Press | Updated: 13 August 2014 18:30 IST
China's Tencent Holdings Ltd., which operates online games and the popular WeChat messaging service, said Wednesday its quarterly profit rose 59 percent due to strong growth in its mobile business.

The company based in the southern city of Shenzhen earned 5.8 billion yuan ($949 million) in the three months ended June 30, or 0.63 yuan (10.2 U.S. cents) per share. Revenue rose 37 percent to 19.7 billion yuan ($3.2 billion).

Tencent and other Chinese Internet services are spending heavily to expand mobile services as the country's Web surfers shift to going online wirelessly through smartphones and tablet computers.

Advertisement

Tencent's online games revenue rose 7 percent over the previous quarter, driven mostly by higher revenue for smartphone games integrated with WeChat. Revenue from social networks rose 15 percent over the previous quarter, also driven by mobile services.

"We deepened user engagement on mobile across our social, games and media platforms," said chairman Ma Huateng in a statement. "Our online advertising business grew particularly strongly."

Advertisement

Tencent also has expanded into online video, taxi hailing services and online finance. It bought a $215 million stake in March in JD.com, the country's second-largest online sales platform.

 

Get your daily dose of tech news, reviews, and insights, in under 80 characters on Gadgets 360 Turbo. Connect with fellow tech lovers on our Forum. Follow us on X, Facebook, WhatsApp, Threads and Google News for instant updates. Catch all the action on our YouTube channel.

Advertisement

Related Stories

Popular Mobile Brands
  1. Best Smartphones With AI Camera Features
  2. Best Mobiles Under Rs. 40,000 in India
  3. Samsung Galaxy Z Flip 8 Roundup: Launch Date, Expected Price, Features
  1. Samsung Galaxy Z Flip 8 Roundup: Launch Date, Expected Price, Specifications
  2. Redmi Note 17 Pro Global Variant Reportedly Appears on NBD Database Alongside Poco Model
  3. Google Pixel 11a Codename Reportedly Spotted in Phone App
  4. Huawei Mate XT 2 Leaked Patent Reveals New Tri-Fold Design and Folding Mechanism
  5. Airtel Unlimited 5G Data Subscribers Reportedly Cannot Share 5G Data via Mobile Hotspot: Here's What We Know So Far
  6. Lenovo Legion C700 Teased as a Cloud Gaming Handheld Ahead of August Launch
  7. Marvel's Wolverine Gets New Trailer That Will Play Ahead of Christopher Nolan's The Odyssey in Select Theatres
  8. Airtel Quietly Removes Rs. 549 Individual Postpaid Plan in India; Rs. 699 Plan Becomes Next Upgrade
  9. Poco M8 Power, Poco X8 India Launch Timeline Tipped; Could Arrive as Rebranded Redmi Note 17 Series
  10. Samsung Galaxy S25 Series Could Get Galaxy S26’s Horizontal Lock Camera Feature With One UI 9 Update
Download Our Apps
Available in Hindi
© Copyright Red Pixels Ventures Limited 2026. All rights reserved.