BusinessMediaguide.Com





A fintech revenue surge helped Tencent smash quarterly expectations (TCEHY)
05/17/2019 General World News
Share of Global Consumers Who Would Switch to a Big Tech Provider for Banking Services, by Segment
  • This is an excerpt from a story delivered exclusively to Business Insider Intelligence Fintech Briefing subscribers.
  • To receive the full story plus other insights each morning, click here.

Tencent posted record quarterly profits and smashed market expectations in Q1 2019, driven largely by surges in its fintech and cloud revenue, per Reuters.

The firm’s struggled in recent times due to regulatory action aimed at weaning players from addictive and violent games hobbling its gaming division. Even so, strong performance in its nascent fintech business has enabled the firm to offset the losses in its core division.

Here’s what it read more >>>

Source:: BusinessInsider.Com

Comments are closed
BusinessMediaguide.Com Independent, Global Business Media Network © 2018. ALL RIGHTS RESERVED. BusinessMediaguide.Com is not responsible for the content of external sites!... Beta...

Privacy policy
*