Tencent WeChat Growth Boosts Mobile Games Spending Power: Chart

Tencent Holdings Ltd. is benefiting from rising users on its instant messaging application WeChat, fueled by new mobile games including Wind Saga and combat challenge Kungfu Frontier. WeChat monthly active users tripled to 697 million by the end of last year, boosting mobile gaming revenue to 7.1 billion yuan ($1.1 billion) in the fourth quarter. Tencent reports earnings Wednesday, with analysts expecting net income to surge 35 percent.

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