Tencent's Revenue Climbs 13% After Gaming Gains Momentum
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Tencent Holdings Ltd. 's revenue beat estimates after growing its gaming and social media portfolio through a persistent Chinese economic slowdown.
Revenue for the three months ended March rose to 180.02 billion yuan ($25 billion), versus an average estimate of 175.6 billion yuan. Net income for the period rose 14% to 47.8 billion yuan.
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