Leading Chinese Internet company Tencent reported a 19% year-on-year rise in revenues to 23.43 billion Chinese yuan (3.8 billion US dollars) in the second quarter of 2015. Revenues rose 22% in the first quarter and 31% in 2014.
Still, Ma Huateng, CEO of Tencent, said: “During the second quarter of 2015, we sustained our leadership across our social, games and media platforms, while achieving another quarter of solid financial results. Operationally, we made notable progress across our portfolio of mobile utilities, with our mobile security solution, browser and app store moving into industry leadership positions. Strategically, we cultivated rapid growth of our mobile payment solutions, and built up a growing subscriber base for our premium reading, music and video services. We also reported rapid growth in online advertising revenue, benefiting from expanded social performance advertising and video advertising.” source: Tencent statement
Still, Ma Huateng, CEO of Tencent, said: “During the second quarter of 2015, we sustained our leadership across our social, games and media platforms, while achieving another quarter of solid financial results. Operationally, we made notable progress across our portfolio of mobile utilities, with our mobile security solution, browser and app store moving into industry leadership positions. Strategically, we cultivated rapid growth of our mobile payment solutions, and built up a growing subscriber base for our premium reading, music and video services. We also reported rapid growth in online advertising revenue, benefiting from expanded social performance advertising and video advertising.” source: Tencent statement
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