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Tencent Holdings, China’s biggest technology company by market capitalisation, posted a 13% rise in first-quarter revenue on Wednesday, boosted by growth in gaming and AI-enhanced advertising.
Tencent, also the world’s largest video game company and operator of the WeChat messaging platform, reported revenue of 180 billion yuan ($24.97 billion) for the quarter ended March 31.
The results exceeded the 174.6 billion yuan average estimate from analysts polled by LSEG.
Net profit for the quarter was 47.8 billion yuan, compared with analyst expectations…
