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How will Tencent's stock price change by the end of Q3 2024?
2
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Story
Tencent's Q2 Profit Jumps 82% with 8% Revenue Increase to CNY 161.117 Billion
Aug 14, 2024, 08:44 AM
Tencent Holdings, the Chinese technology giant, reported a significant financial upturn in the second quarter of 2024. The company's revenue increased by 8% year-on-year, reaching CNY 161.117 billion. This growth was largely attributed to a recovery in its gaming business, particularly following the successful release of Dungeon & Fighter Mobile in May. Additionally, Tencent's profit attributable to shareholders surged by 82%, amounting to CNY 47.63 billion. This marks a notable recovery for Tencent, as its gaming unit, a key component of its business, has shown accelerated growth.
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