Chinese tech giant Tencent reported a massive 82% increase in profits for the past quarter. The company, known for its popular app WeChat and its strong presence in gaming, cloud computing, and streaming, is having a huge success. However, earlier this year, it reported its lowest annual profit since 2019, partly due to stagnant gaming revenue in the last quarter of 2023.
Chinese tech giant Tencent reported a massive 82% increase in profits for the past quarter. The company, known for its popular app WeChat and its strong presence in gaming, cloud computing, and streaming, is having a huge success. However, earlier this year, it reported its lowest annual profit since 2019, partly due to stagnant gaming revenue in the last quarter of 2023.