Tencent posts Q4 Revenue of 2.2bn yuan/USD$335m

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The giant online games and messaging tech company, Tencent has reported its Q4 net profit rose 46% from last year. Higher revenues are a result of online value-added services including online games. Tencent also announced to increase investment in existing and new businesses such as e-commerce and the expansion of its microblogging service, t.qq.com.

Shenzhen-based Tencent operates online platforms in China that include instant-messaging service QQ, Web portal QQ.com, games portal QQ Game and a mobile portal. At December 31, QQ had 647.6 million active instant messaging user account.