Editor’s note: A version of this post first appeared on WalktheChat’s website. WalktheChat specializes in helping foreign organizations access the Chinese market through WeChat, the largest social network on the mainland.

Tencent released it’s Q1 2018 financial earning ending on 31 March 2018. Here are some highlights:

Tencent’s revenues show an impressive 48% growth to RMB 73.5 billion year-on-year. Most of the revenue growth is driven by smartphone games and payments. Net income rose 65% to RMB 23.97 billion.

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WalktheChat

WalktheChat specializes in helping foreign organizations access the Chinese market through WeChat, the largest social network on the mainland. Visit them at walkthechat.com