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Tencent’s Profit Rises 35% as New Games Hit Market

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Chinese internet giant Tencent gets a boost from releasing 10 videogames between April and June

BEIJING—Chinese internet giant Tencent Holdings Ltd. reported a 35% increase in second-quarter net profit, enjoying a boost from the release of popular new videogames.

Tencent said Wednesday that its net profit for the April-June period rose to 24.1 billion yuan from 17.9 billion yuan a year ago. Analysts polled by FactSet expected second-quarter net profit of 22.2 billion yuan.

 

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