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Tencent's solid quarterly results still show signs of slowdown

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Tencent's overall revenue soared 52% on the year to 40.38 billion yuan in the July-September quarter.   © Reuters

BEIJING -- Chinese internet giant Tencent Holdings delivered stellar earnings for the July-September quarter but still underperformed market expectations, raising doubts about the company's momentum for continued growth.

Net profit for the quarter shot up 43% from a year ago to 10.6 billion yuan ($1.54 billion). But that compares with the average analyst estimate of 11.5 billion yuan compiled by Thomson Reuters.

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