Tencent Game Sales Surge Most in Years in China’s Lockdown
- Shares of proxy Prosus climb after Tencent surpasses estimates
- The internet giant warns on ad budgets and receding game-play
Photographer: VCG/Visual China Group via Getty Images
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Tencent Holdings Ltd.’s revenue beat expectations after Covid-19 lockdowns propelled gaming sales to their fastest pace of growth since 2017, sending shares surging in Hong Kong.