Home Tencent lifts revenues in Q1 but profit growth slows amid pandemic
 

Keywords :   


Tencent lifts revenues in Q1 but profit growth slows amid pandemic

2020-05-13 14:45:00| Telecompaper Headlines

(Telecompaper) Tencent reported higher revenues for the first quarter, but also a slower profit growth as it faced headwinds caused by the coronavirus pandemic. The company said it allocated CNY 2 billion worth of donations to covid-19 relief initiatives in China and globally. Looking ahead, the company expects in-game consumption activities to normalise as people return to work. It also sees some headwinds in the online advertising industry.

Tags: growth profit revenues amid

Category:Telecommunications

Latest from this category

All news

»
22.11SHIMANO BT Master 11AP)
22.11
22.11
22.11GOLDWIN
22.11Qi10 TOUR 5W WF
22.11
22.11GX HR
22.11 GEORGIA
More »