Chinese internet giant Tencent suffers a rare profit drop

Chinese internet giant Tencent suffers a rare profit drop

6 years ago
Anonymous $oIHRkISgaL

https://techcrunch.com/2018/08/15/chinese-internet-giant-tencent-suffers-a-rare-profit-drop/

Tencent, Asia’s most valuable tech firm, delivered a surprise drop in profit on account of lower investment gains.

The firm recorded strong growth with revenue up 30 percent year-on-year to reach 73.7 billion RMB ($10.7 billion) in Q2 2018. But net profit slipped by two percent annually to reach 17.9 billion RMB, or around $2.6 billion.

Chinese internet giant Tencent suffers a rare profit drop

Aug 15, 2018, 12:19pm UTC
https://techcrunch.com/2018/08/15/chinese-internet-giant-tencent-suffers-a-rare-profit-drop/ > Tencent, Asia’s most valuable tech firm, delivered a surprise drop in profit on account of lower investment gains. > The firm recorded strong growth with revenue up 30 percent year-on-year to reach 73.7 billion RMB ($10.7 billion) in Q2 2018. But net profit slipped by two percent annually to reach 17.9 billion RMB, or around $2.6 billion.