Gaming Boosts Tencent’s Profit

Chinese online gaming and social-media company Tencent Holdings Ltd. said its fourth-quarter net profit rose 37 percent from a year earlier on rising revenue from a number of online services including gaming and sales of virtual products.

Tencent, China’s largest listed Internet company, has in recent quarters buffeted a slowdown in ad spending in China with its diverse online services such as online and mobile gaming. The company also has a widely watched mobile application, known as WeChat, which it has been using to attract the growing number of Chinese users who are using smartphones instead of computers to connect to the Internet.

Read the rest of this post on the original site »


Must-Reads from other Websites

Panos Mourdoukoutas

Why Apple Should Buy China’s Xiaomi

Paul Graham

What I Didn’t Say

Benjamin Bratton

We Need to Talk About TED

Mat Honan

I, Glasshole: My Year With Google Glass

Chris Ware

All Together Now

Corey S. Powell and Laurie Gwen Shapiro

The Sculpture on the Moon

About Voices

Along with original content and posts from across the Dow Jones network, this section of AllThingsD includes Must-Reads From Other Websites — pieces we’ve read, discussions we’ve followed, stuff we like. Six posts from external sites are included here each weekday, but we only run the headlines. We link to the original sites for the rest. These posts are explicitly labeled, so it’s clear that the content comes from other websites, and for clarity’s sake, all outside posts run against a pink background.

We also solicit original full-length posts and accept some unsolicited submissions.

Read more »