On Wednesday, Tencent Holdings Ltd reported a huge jump in sales thanks to success from its online gaming business. The company said that it experienced a 26% jump in quarterly sales.
According to data from Refinitiv, revenue rose by $20.5 billion during the quarter which ended in December. The business is also saying online games revenue rose by 29% this quarter. Profit for the company also rose by 175%.
Tencent is a technology conglomerate based in China. It was founded in 1998 and has been listed on the Hong Kong Stock Exchange since 2004. It is best known for its hit mobile games: Honor of Kings and PUBG Mobile.
(All information was provided by Reuters)