Tencent wit­nesses fastest growth

China Daily (USA) - - BUSINESS -

Tencent Hold­ings Ltd, China’s big­gest so­cial net­work and on­line en­ter­tain­ment firm, posted a 47 per­cent jump in sec­ond-quar­ter profit, beat­ing an­a­lysts’ es­ti­mates, as rev­enue gre­wat its fastest rate in more than three years. Net in­come for the quar­ter ended June rose to 10.9 bil­lion yuan ($1.64 bil­lion), out­pac­ing es­ti­mates of 9.8 bil­lion yuan, ac­cord­ing to a poll of nine an­a­lysts.

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