Tencent Revenues Up in Q3 Despite Slowing Growth in Older Social Games
Chinese internet portal and social game platform Tencent announced an 11% increase in revenues for Q3 calendar 2011, up to 7.4 billion RMB (1.1 billion USD) from Q2. Year-on-year, this is a 43% from Q3 2010’s 5.2 billion.
The bulk of the growth comes from Tencent’s “internet value added services” segment, which accounts for many of the platform’s online and social games available via the platform’s five gaming portals — Pengyou, Tencent Microblog, QQ Games, Q-Zone and Q+.
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