BEIJING (Reuters) – Chinese technology giant Tencent Holdings posted on Wednesday a 11% rise in fourth-quarter revenue, driven by growth in its gaming business.
Tencent, the world’s largest video game company and operator of the WeChat messaging platform, reported revenue of 172.4 billion yuan ($23.83 billion) for the quarter ended December. 31.
The results exceeded the 168.9 billion yuan average estimate from analysts polled by LSEG.
($1 = 7.2357 Chinese yuan)
(Reporting by Liam Mo and Brenda Goh; Editing by Jacqueline Wong)
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