Tencent's net profit up 175% to $ 9.1 billion in December quarter

Tencent's net profit up 175% to $ 9.1 billion in December quarter
Tencent's net profit up 175% to $ 9.1 billion in the December quarter

Chinese social media and gaming giant Tencent reported a 175% increase in its profit in the October-December quarter. The company's net profit increased to $ 9.1 billion from $ 3.3 billion in the year-ago quarter, while its revenue grew 26% to $ 20.5 billion. The announcement comes at a time when Tencent is reportedly facing scrutiny from Chinese antitrust regulators.

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