(MENAFN) Tencent has announced on Wednesday that its profit attributable to shareholders surged 74 percent last year due to "solid growth" across its core businesses.
The Chinese tech firm said: "We continued to achieve solid growth across core business segments," mentioning steady growth in online games, digital content, advertising, payment and cloud services.
Revenue from PC games increased 13 percent to 12.8 billion yuan, while that from smartphone games rose 59 percent to 16.9 billion yuan and online advertising revenue surged 49 percent.
Chairman and CEO of Tencent said: "In 2017, Tencent made important strategic moves that reinforced our leadership," emphasizing the company's leading position in video services, which had the most mobile daily active users and monthly subscriptions.
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