HONG KONG: Chinese tech firm Tencent, the parent company of social media giant WeChat, said Wednesday its revenue jumped 28 per cent in the first half of this year as the coronavirus pandemic kept people glued to their screens.
The mobile apps"threaten the national security, foreign policy, and economy of the United States", he said last week. "During this challenging time, we utilised our platforms and technologies to help users adapt to the new normal via online tools, to support enterprises in conducting digital upgrades, and to broadly contribute to economic recovery," it said in a statement.First-half revenue was 222.9 billion yuan and net profit rose 21 per cent on-year to 62 billion yuan.
But as the disease spread around the world in spring and early summer, monthly active users increased"significantly" both year-on-year and between the first and second quarter, it said.While many companies are being hammered by the economic fallout of the pandemic, tech firms worldwide including US market leaders Apple and Amazon have seen strong demand for their products.