Tencent nearly doubled its profit in the fourth quarter on investment gains

Tencent nearly doubled its profit in the fourth quarter on investment gains

6 years ago
Anonymous $gIi3-PxxKB

https://www.cnbc.com/2018/03/21/tencent-q4-earnings-profit-nearly-doubled.html

Chinese internet giant Tencent will step up investments in areas such as video, payment and artificial intelligence, it said after reporting better than expected quarterly net profit thanks to a string of successful IPOs.

With a market capitalization of around $560 billion, Tencent is Asia's most valuable listed company and the world's no.5, after Apple, Alphabet, Amazon and Microsoft.