HONG KONG -- Chinese technology group Tencent Holdings vowed to continue investing in new businesses despite greater regulatory scrutiny, while reporting better-than-expected quarterly results thanks to strong growth in its financial technology and business services operations.
For the three months to March 31, the company said group revenue rose 25% from a year earlier to 135.3 billion yuan ($21.0 billion), while net profit surged 65% to 47.8 billion yuan.
