Chinese tech giant Tencent says net profits soar 82% in second quarter

Posted under: Fintech
Date: 2024-08-16
Chinese tech giant Tencent says net profits soar 82% in second quarter

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.

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