News Snapshot:
TOI Chinese Internet giant Tencent has reported a 28 per cent year-on-year growth in revenue for 2020, raking in around 482 billion yuan (about $73.9 billion). The company's net profit, calculated on a non-IFRS basis in order to reflect its core earnings by excluding certain one-time or non-cash items, that rose 30 per cent year on year to reach about 123 billion yuan during the period, according to its financial statement. In the final quarter of 2020, its financial technology and business services brought in 38.5 billion yuan, nearly a third of the company's total revenue, registering a 29 per...
