Chinese ##N Tencent has seen a 75 % hike in profits for the fiscal year ending 31 December 2017 to CNY72.47bn ( $ 11.09bn ) , while total revenues for the year increased 56 % to CNY237.76bn . Tencent attributed the robust growth to value - added services to its WeChat messenging service , which saw a 43 % hike in revenue to CNY154bn , and online advertising , which rose by almost 50 % to reach CNY40.44bn . Social and other ad revenue increased by 65 % to CNY25.61bn , while increased online traffic led to revenue of CNY14.83bn for media ads , a rise of 30 % .
Chinese company Tencent has reported a 75% hike in profits for the fiscal year ending 31 December 2017 to CNY72.47bn ($11.09bn), while total revenues for the year rose 56% to CNY237.76bn. Tencent attributed the robust figures to value-added services including its WeChat messenging service, which saw a 43% hike in revenue to CNY154bn, and online advertising, which rose by almost 50% to reach CNY40.44bn. Social and other ad revenue increased by 65% to CNY25.61bn, while increased video traffic led to revenue of CNY14.83bn for media ads, a rise of 30%.