Tencent’s social networking revenues increase to $345.7M in Q2 2012
Chinese internet giant Tencent has reported second quarter revenues of 10.5 billion RMB ($1.6 billion), up 9.1 percent quarter-over-quarter and 56.2 percent year-over-year. Net profit for Q2 2012 was 3.1 billion RMB ($490.1 million), up 5.1 percent quarter-over-quarter and 32 percent year-over-year.
One again, Tencent was the most popular social network in China, reporting 597.6 million monthly active user (MAU) accounts for its Qzone virtual identity social network, up 3.6 percent quarter-over-quarter and 11.5 percent year-over-year.
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