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China’s Tencent Reports Solid First-Quarter Revenue After Tough 2022

By
Juro Osawa
· · Source: The Information

Chinese internet giant Tencent said its revenue grew 11% in the first quarter, thanks to a recovery in its online advertising and videogame businesses. The quarterly revenue was better than analysts’ expectations. The results show how Tencent, China’s largest publisher of online games and the operator of the WeChat messaging app, is starting to recover from a tough 2022. Last year, Tencent,...

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