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Tencent sales beat expectations on gaming and ad revenue

HONG KONG -- China's most valuable company, Tencent Holdings, posted a better-than-expected quarterly result on Wednesday, as domestic games resumed growing and online advertising growth remained robust.

In the April-June quarter, revenue of the Shenzhen-based company rose 8% on the year to 161.11 billion yuan ($22.5 billion), beating the average forecast of 160.77 billion yuan from analysts surveyed by LSEG.

Read more on asia.nikkei.com