Chinese gamers have steadily grown in numbers as mobile software rises and Tencent has released quarter two financial results that boast impressive and steady growth to the tune of $3.2 billion.
According to a report by GamesIndustry, Tencent's reported profit jumped 58% while non-GAAP profit increased 41%. CEO Ma Huateng said "In the second quarter, we deepened user engagement on mobile across our social, games and media platforms."
Our online advertising business grew particularly strongly, benefitting from increased traffic at our video platform, the FIFA World Cup event, and performance advertising on our mobile social platform. Our ecosystem continues to expand as we pursue the strategy of working with category leaders, including NavInfo, a mapping service provider and 58.com, a local listing platform. We are seeing the benefits of this approach, as evidenced in the successful listing of JD.com. Looking forward, we will continue to grow our platform, invest in areas such as O2O and content, and enhance our user experience.
Tencent owns a stake in Epic Games and League of Legends developers Riot Games, so look for the business to continue growing as mobile markets do.
