EARNINGS

Social media and online entertainment company Tencent Holdings on Wednesday reported a 47 percent rise in fourthquarter profit, helped by strong growth in new revenue streams such as payment and cloud services.

Net profit was 10.53 billion yuan ($ 1.53 billion). That compared with the 11.75 billion yuan average of six estimates from analysts in a Thomson Reuters poll.

Full- year profit rose 43 percent to 41.1 billion yuan, while revenue rose 48 percent to 151.94 billion yuan.

Tencent declared a final dividend of HK$ 0.61 ($ 8 cents) per share, from HK$ 0.47 a year earlier. Social media smartphone app WeChat had 889.3 million monthly active users at the end of 2016, up 27.6 percent, Tencent said.