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Nikkei Markets

China's Tencent posts 52% jump in 4Q profit as gaming, fintech surge

Tencent, China's top games publisher, is recovering from the impact of a months-long freeze on approvals in 2018 that had dried up new game launches last year.   © Reuters

HONG KONG (Nikkei Markets) -- Chinese internet giant Tencent Holdings reported a 52% jump in fourth quarter profit on the back of accelerating revenue from online games and financial technology services.

Net profit for the quarter ended December stood at 21.58 billion yuan ($3.02 billion), compared with 14.23 billion yuan a year ago, the company said in an exchange filing Wednesday. Revenue grew 25% to 105.77 billion yuan.

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