Tencent Posts Fastest Growth in Seven Years

Tencent, China's largest social network operator, reported a 61% increase in quarterly revenue, driven by video games and internet ads. The company exceeded profit estimates by 14%, largely due to its instant messaging service, WeChat, which has nearly a billion users. Tencent's gaming sector, led by Honor of Kings, also contributed significantly. Despite its success, Tencent faces challenges in expanding internationally, unlike Alibaba. The company has invested in SNAP and Tesla to broaden its reach.

What was the percentage increase in Tencent's quarterly revenue?

• 80%

• 70%

• 61%

• 50%

Which service is a major driver of Tencent's growth?

• QQ

• WeChat

• Baidu

• Alibaba

How much did Tencent's profits exceed estimates by?

• 16%

• 10%

• 12%

• 14%

What is one of the main challenges Tencent faces?

• International expansion

• Declining ad revenue

• Limited user base in China

• Lack of innovation

Which company has Tencent taken a stake in to aid its international expansion?

• Microsoft

• Amazon

• Tesla

• Apple