May 17, 2018 / 1:33 AM / 7 months ago

Shares of Tencent open 7 pct higher after Q1 profit beats

HONG KONG, May 17 (Reuters) - Shares of Tencent Holdings Ltd opened up 7 percent in Hong Kong on Thursday after it reported better-than-expected first-quarter results.

Tencent posted a 61 percent jump in net profit on a 48 percent rise in revenue for the first three months of the year, beating consensus estimates. (Reporting by Sijia Jiang and Twinnie Siu; Editing by Stephen Coates)

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