Chinese internet giant Tencent has reported a 61% increase in Q3 revenues as it continues to focus on monetising content. The company said that revenue from its online games and services grew by more than 50% year-on-year during the third quarter, with total sales of $23.5bn (£17.8bn) up 13% The company's online gaming revenues also rose 48% to CNY26.8bn, largely driven by its key title Honour of Kings. Meanwhile, fee-based subscribers to Tencent Video, the company's streaming service, passed 43 million, which it claims is the largest video subscriber base in China.
Chinese internet giant Tencent has reported a 61% increase in Q3 revenues as it continues to focus on monetising content. The firm, Asia's most valuable, posted Q3 revenues of CNY65.2bn ($9.8bn) after moving beyond gaming in a bid to grow its advertising income. The company's online gaming revenues also rose 48% to CNY26.8bn, largely driven by its key title Honour of Kings. Meanwhile, fee-based subscribers to Tencent Video, the company's streaming service, passed 43 million, which it claims is the largest video subscriber base in China.