Tencent has reported a better-than-expected 24% rise in Q3 profits to CNY23.3bn ($ 3.4bn ) and a 30% increase in revenue to CNY80.6bn. But PC games revenue dropped 15 percent year-on-year, worse than analysts expected, which the company attributed in part to users shifting to mobile. However, revenue grew at its slowest quarterly rate in third this year . 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 Tencent is yet to receive approval in China , which could be worth $ 1bn a year, according to estimates.
Tencent has reported a better-than-expected 24% rise in Q3 profits to CNY23.3bn ($ 3.4bn ) and a 30% increase in revenue to CNY80.6bn. However, revenue grew at its slowest quarterly rate in third this year . 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 Tencent is yet to receive approval in China , which could be worth $ 1bn a year, according to estimates.