Shares of Tencent open 7 percent higher after first quarter profit beats

Shares of Tencent open 7 percent higher after first quarter profit beats

HONG KONG: Shares of Tencent Holdings Ltd opened up 7 percent in Hong Kong on Thursday after it reported better-than-expected first-quarter results.

Tencent posted a 61 percent jump in net profit on a 48 percent rise in revenue for the first three months of the year, beating consensus estimates.

(Reporting by Sijia Jiang and Twinnie Siu; Editing by Stephen Coates)

Source: Reuters

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