Asia

Tencent’s Earnings Boosted by Strong Online Games Revenue

Chinese internet giant Tencent reported a solid increase in both net profit and revenue for the second quarter, helped by a 40% rise in revenue from online games. Tencent’s net profit for the quarter rose 28%, while revenue rose 29%. Tencent’s videogame business, the company’s largest source of revenue, was boosted by the coronavirus pandemic, which caused internet users in China and overseas to...

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Art by Mike Sullivan
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Zoom CEO Eric Yuan. Photo by Bloomberg
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