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China tech

Tencent's multi-stream revenues keep engine running

When game demand loses steam, e-payments ready to step in

Tencent Holdings, the world's largest gaming company by revenue, reported profit of 28.90 billion yuan ($4.07 billion) for the three months through March.   © Reuters

NEW YORK -- Tencent Holdings is finding that its diversification push over the years is bearing fruit, as multiple channels of revenue give it stability amid turbulence that others can only envy.

The tech giant, one of China's most valuable, recorded a 26% year-on-year revenue jump during the January-March period, outpacing growth in both the previous quarter and the same period in 2019.

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