SwedenLivingWorld world_2_fill WorldBusiness BusinessSports sports-soccer SportsEntertainmentEntertain

WeChat boosts Chinese gaming giant

» Updated: 19 September 2024, 20:57

» Published: 14 August 2024

WeChat boosts Chinese gaming giant
Photo: Ng Han Guan AP/TT

The Chinese gaming and entertainment company Tencent reports sales of 161 billion yuan, equivalent to 235 billion kronor for the second quarter of the year. An increase of 8 percent compared to the same period last year.

The operating result landed at 50.7 billion yuan, which was 26 percent higher compared to the same quarter last year, but slightly lower than expected.

Behind the sales increase lies, among other things, a successful launch of the mobile game Dungeon and Fighter. The all-in-one app Wechat is also a cash cow for the company.

Tencent's share has risen 26 percent so far this year.

Tags
TTT
By TTThis article has been altered and translated by Sweden Herald

More news

Better than expected for Nvidia
1 MIN READ

Better than expected for Nvidia

Department store giant sinks on Wall Street
1 MIN READ

Department store giant sinks on Wall Street

The FI's Advice: Have Accounts in Multiple Banks
1 MIN READ

The FI's Advice: Have Accounts in Multiple Banks

Break in Trend - Household Costs No Longer Rising
2 MIN READ

Break in Trend - Household Costs No Longer Rising

4,000 to Leave the Car Giant
1 MIN READ

4,000 to Leave the Car Giant

The VW Union Takes a Stand Against Factory Closures
1 MIN READ

The VW Union Takes a Stand Against Factory Closures

Slovakian Nuclear Power Plant Plan Approved
1 MIN READ

Slovakian Nuclear Power Plant Plan Approved

Giant boost for Turkish minimum wages on the way
1 MIN READ

Giant boost for Turkish minimum wages on the way

6 MIN READ

Reduced risk of power crisis in winter
1 MIN READ

Reduced risk of power crisis in winter

Trump's Minister Paves the Way for Quick Tariff Decision
3 MIN READ

Trump's Minister Paves the Way for Quick Tariff Decision

Tough times for Chinese car giant
1 MIN READ

Tough times for Chinese car giant

Double rate cut of Icelandic interest rate
1 MIN READ

Double rate cut of Icelandic interest rate

Down on the stock exchange for the fourth day in a row
1 MIN READ

Down on the stock exchange for the fourth day in a row

The Gaming Company's Stock Soars - Confirms Purchase Inquiry
1 MIN READ

The Gaming Company's Stock Soars - Confirms Purchase Inquiry

Japan Sets Tourist Record - Attracts increasing number of tourists
1 MIN READ

Japan Sets Tourist Record - Attracts increasing number of tourists

Denmark's economy is picking up.
1 MIN READ

Denmark's economy is picking up.

Unexpectedly high inflation in the UK
1 MIN READ

Unexpectedly high inflation in the UK

FI wants to see strengthened protection of financial companies
1 MIN READ

FI wants to see strengthened protection of financial companies

It is clear that the company's stock price has been driven by the strong demand for its products, the global AI boom.
2 MIN READ

It is clear that the company's stock price has been driven by the strong demand for its products, the global AI boom.