Gains on investments pushes up Tencent’s earnings, triggering revival hopes

A sticker featuring the logo of Tencent Holdings Ltd. is seen during a news conference in Hong Kong, China, on Thursday, March 21, 2019. Tencent posted a quarterly profit that missed analysts’ estimates after it spent heavily on cloud and mobile payments businesses to offset a gaming slowdown. Photographer: Justin Chin/Bloomberg

Tencent Holdings Lt.’s quarterly earnings beat estimates, boosted by gains on investments, giving shareholders much-needed assurance the Chinese gaming behemoth is bound for a revival.

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