A fintech revenue surge helped Tencent smash quarterly expectations (TCEHY)
|05/17/2019||Posted by BusinessMediaguide.Com under General World News||
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Tencent posted record quarterly profits and smashed market expectations in Q1 2019, driven largely by surges in its fintech and cloud revenue, per Reuters.
The firm’s struggled in recent times due to regulatory action aimed at weaning players from addictive and violent games hobbling its gaming division. Even so, strong performance in its nascent fintech business has enabled the firm to offset the losses in its core division.
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