Threatened by Trump, Chinese giant Tencent achieves one of its best performances

Choppy background for excellent results. The quarterly performance of Chinese conglomerate Tencent, whose flagship WeChat application is threatened with ban in the United States, exceeded analysts' expectations. In the second quarter, its revenue grew 29% year-on-year, to $ 16.53 billion, and net profit jumped 37% over the same period, to 33.11 billion yuan (4, $ 77 billion). A major player in mobile video games, the owner of WeChat and QQ messaging, essential in China, Tencent is worth almost 5 trillion yuan on the stock market, or 720 billion dollars. It's almost as much as Facebook.

Read also: Tencent announces investing 60 billion euros in technologies of the future

The digital giant has taken full advantage of the "great confinement". Its video games business, its main division, recorded a 40% increase in turnover. “Internationally, the number of active users has increased significantly due to the launch of new games and the fact that

This article is for subscribers only. You have 76% left to discover.

Subscribe: 1 € for 2 months

Cancellable at any time

Already subscribed? Log in