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Tencent Q1 2018 Earnings Report: Record Profits Calm Investor Fears

Photo by: The Esports Observer

Tencent released its financial results for Q1 2018. GAAP revenue for the quarter was $11.693B, up 48% over Q1 2017. Growth was attributed primarily to Tencent’s online gaming business, led by mobile game Honor of Kings. Today, Chinese gaming and technology giant Tencent  released its Q1 2018 financial results, announcing record profits and solid growth....

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