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Tencent Climbs as Ad Surge Boosts WeChat Earnings Outlook

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Tencent Holdings Ltd. climbed to a record in Hong Kong trading after a jump in online advertising revenue buoyed the outlook for higher earnings from its WeChat and QQ messaging services.

Shares surged 6.7 percent to HK$145, the highest closing price since the company’s June 2004 listing. The stock was the best performer today on the benchmark Hang Seng Index and the biggest contributor to its 1.4 percent advance.