Tencent profit surges 98% to $3.3 bn in December quarter
China's Tencent has reported a 98% year-on-year rise in profit to $3.3 billion for the December quarter. The company's revenues also rose 51% to $10.4 billion, driven by mobile games and advertisement business. Tencent is world's largest social media company with a market capitalisation of $559 billion, while its closest rival Facebook has a value of $488 billion.