China’s largest listed internet company Tencent Holdings (0700.HKG) reported its lowest revenue growth in six years in the third quarter due to spending on in its mobile and e-commerce businesses, South China Morning Post reported. The Shenzhen-based company reported a 34.3% year-on-year jump in quarterly revenue to US$2.54 billion. Net profit rose 20% to US$640 million, comparing with the US$656 million average estimate in an analyst survey. Since Tencent launched in August its latest version of WeChat, which is connected to an online payment service, investors have been hoping the firm will start making profits from its mobile messaging application.
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