‘We are not immune,’ says Tencent despite forecast-breaking earnings

25 Mar 2009

China Internet portal Tencent Holdings said that its earnings in the fourth quarter of 2008 had jumped by a forecast-breaking 69 percent. However, the rate of growth of profits was slower than in the previous quarters owing to seasonal factors affecting its non-game Internet services and slower growth in its online advertising business.

In the previous quarters profits of the company, wh

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Jim Townsend