Tencent’s revenue is projected to rise 45 to 46.3 billion yuan (US6.7bil) in the March quarter.
CHINA’S Internet titans are set to supply ample evidence that online spending continues to defy a slowdown in the world’s second largest economy.
Tencent Holdings Ltd and Alibaba Group Holding Ltd – the dominant forces in Chinese online gaming and shopping, respectively – should both report 40%-plus sales growth when they deliver quarterly earnings this week, outstripping Amazon.com Inc and Alphabet Inc. With market values of more than US$300bil each, the Chinese companies are now their nation’s biggest, underscoring the rise of the new economy as traditional industry sputters.
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