Bloomberg Tech – Tencent Results Top Estimates After Scoring Breakout Hits

PCV notes that the huge mobile gaming and advertisement profits further fund Chaiman Pony Ma’s mission to make Tencent the premiere ‘jack-of-all-trades’ internet company. Sky high profits buy Tencent more time to develop their finance, cloud computing, and media businesses.

May 17, 2017

‘Tencent Holdings Ltd.’s investments in blockbuster video and gaming content are paying off — big-time.

China’s largest internet company posted record quarterly sales and profit that topped all analysts’ estimates as blockbuster titles including Honour of Kings drove a billion-plus users on WeChat and QQ to spend on game items. Chairman Pony Ma’s strategy of stockpiling rights to hit anime and novels and developing shows in-house is transforming the company into a hybrid Marvel Studios-Netflix style content factory.’

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