BEIJING, May 17 (Xinhua) – Chinese technology giant Tencent announced on Wednesday that its net profit surged 61 percent year on year to 23.29 billion yuan in the first quarter of this year.
The company’s total revenue came to 73.53 billion yuan in the first quarter, a rise of 48 percent from the same period of last year.
Online game revenues increased 26 percent year on year to reach 28.78 billion yuan, while revenue from social networks stood at 18.10 billion yuan, up 47 percent year on year.
According to the company, its monthly active users of WeChat reached over 1 billion for the quarter, up 10.9 percent year on year.
(Edited by Yang Yifan, yangyifan@xinhua.org)
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