Tencent beats forecasts with 6% revenue rise in Q1

Ad sales jump but weak gaming restrains growth to slowest in more than a year

20240514 tencent hq

Tencent's headquarters in Shenzhen. © Reuters

CISSY ZHOU and MARRIAN ZHOU, Nikkei staff writers

HONG KONG/NEW YORK -- Tencent Holdings' first-quarter revenue beat expectations but still marked the slowest growth in more than a year, as China's most valuable company struggled to build momentum in its gaming and fintech operations.

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