China’s Tencent Holdings said today that it saw a big surge in revenue for the fourth quarter but missed profit estimates as its investment in video and other content ate into the bottom line.
Most notably, however, Tencent’s chief executive Ma Huateng told reporters that the company has no plans to spin-off WeChat, its mobile messaging app that has become a platform for a wide range of services, according to Reuters. Tencent said that WeChat had 697 million monthly active users at the end of December 2015, up 39 percent from the same period a year ago.
Unlock premium content and VIP community perks with GB M A X! Join now to enjoy our free and premium perks.
Join now →
Sign in to your account.
GamesBeat