Tencent Is Ready Again for Its Battle Royale

Tencent, the world’s largest videogame company, has lost almost $90 billion of its market value since March, due to concerns about slowing growth and shrinking margins. Its latest report card should put those worries to bed.

China’s most valuable firm reported a 48% increase in revenue and a 61% jump in net profit for its first quarter—both handily beating analysts’ estimates. That came after Tencent’s rare miss in revenue growth the quarter before, which had prompted worries about a slowdown in games sales, its largest profit... Nguồn: www.wsj.com