Tencent posts 71% profit gain as pandemic drives increased gaming –


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/ Tencent posts 71% profit gain as pandemic drives increased gaming – Nikkei Asia Tencent posts 71% profit gain as pandemic drives increased gaming – Nikkei Asia March 27, 2021 HONG KONG — Net profit for Chinese internet conglomerate Tencent Holdings for 2020 surged 71% from a year earlier, as the coronavirus pandemic fueled a jump in online gaming, socializing and working. Total revenue grew 28% to 482.06 billion yuan ($73.98 billion), boosted by strong momentum for the company’s popular mobile games and rebounding advertising sales. Under the IFRS international accounting standards, profit climbed to 159.85 billion yuan. On the...