Gaming Keeps Tencent In The Green In Q4

Thanks to its gaming sector, tech-giant Tencent. reported slight growth to end 2020. The company reported a full-year revenue increase of 28 percent over 2019, reaching $73.9 billion. A fourth-quarter lift of 26 percent contributed $20.5 billion.

In the final quarter of 2020, Tencent reported online games hit $6 billion. This signifies a 29% increase. International gaming increased by 43%, making up a quarter of the company’s online revenue.

Ma Huateng is the Chairman and CEO of Tencent. In a statement, he said, “we extended our leading position in the consumer internet space with enriched content and innovations across our products, while making notable progress in international expansion, starting with games.”

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 Jing Daily)

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