Get all your news in one place.
100’s of premium titles.
One app.
Start reading
Reuters
Reuters
Business

China's Tencent set to open 5.3 percent up after strong second-quarter

FILE PHOTO: Logo of Tencent is displayed at a news conference in Hong Kong, China March 22, 2017. REUTERS/Tyrone Siu/File Photo

HONG KONG (Reuters) - Shares of China's Tencent Holdings are set to open 5.3 percent higher on Thursday after the world's largest gaming company reported a forecast-beating quarterly profit.

The stock is set to open at record high at HK$340.40. That compared with a 0.7 percent rise in the benchmark index.

China's biggest gaming and social media firm by revenue, trumped forecasts on Wednesday to post its best-ever quarterly results, driven by higher income from smartphone games, payments and online advertising.

(Reporting by Donny Kwok; Editing by xxx)

Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.