News Snapshot:
“Yes the economy is uncertain, but it’s been uncertain for the past couple of years,” chief strategy officer James Mitchell told analysts on a conference call. “It was uncertain in the first half of this year, and we’ve been able to grow through that and we believe we will keep growing and going forward as we enhance the return on investment to advertisers.” Income falls short Tencent’s net income rose 41 per cent to 26.2 billion yuan ($5.6 billion) in the second quarter, lagging the 32.3 billion yuan average estimate in part because of a 2.99 billion yuan fine levied...
