Tencent Profits Up On Mobile Gaming Popularity
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2018-03-21 HKT 22:26
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Chinese technology giant Tencent on Wednesday reported a profit boost, helped by the continued popularity of its mobile games.
Net profit for 2017 was up 74 percent year on year from 41.1 billion yuan to 71.5 billion yuan.
In a filing to the Hong Kong Stock Exchange, the company counted its push to promote more sharing and interaction among users as a highlight for the past year.
Monthly active users of China's ubiquitous WeChat social media platform has crossed the one billion mark after the Lunar New Year in February, said Tencent, as its messaging, game and shopping services attract more and more users.
Looking ahead, the company said it wanted to invest more aggressively and boost its competitiveness in areas such as online video, cloud services and artificial intelligence technologies. (AFP)
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