It has reported a better - than - expected 30 % rise in Q3 profits to China ( $ 3.4bn ) and a 30 % increase in revenue to China . However , revenue grew at its slowest quarterly rate in three years . New regulations for the gaming industry in China , including a halt on new game approvals , has impacted on Tencent 's main business , with shares falling by a third this year . Tencent game PUBG Mobile is yet to receive approval in China , which could be worth $ 500 a year , according to estimates .
Tencent has reported a better-than-expected 30% rise in Q3 profits to CNY23.3bn ($3.4bn) and a 24% increase in revenue to CNY80.6bn. However, revenue grew at its slowest quarterly rate in three years. New rules for the gaming industry in China, including a halt on new game approvals, has impacted on Tencent's main business, with shares falling by a third this year. Tencent game PUBG Mobile is yet to receive approval in China, which could be worth $1bn a year, according to estimates.