Tencent Earnings Miss Estimates on Boost to WeChat Marketing

Tencent Earnings Miss Estimates on Boost to WeChat Marketing

Tomohiro Ohsumi/Bloomberg

Tencent Holdings Ltd.'s WeChat app, known as Weixin in China, is projected to have at least 400 million users by the end of this year, Alicia Yap, an analyst at Barclays Plc in Hong Kong, wrote in a report.