After a rough 2018, Tencent has seen something of a revival this year as its gaming business gets back on track. Analysts are bullish about the company's other areas of growth from fintech to advertising.
. The company's stock has staged a small revival and is up over 6% so far this year.
The game grossed $14 million in its first three days of availability in China, according to data from Sensor Tower. There are other signs that Tencent's gaming business is looking up: The Chinese giant was the top grossing mobile game publisher worldwide in July, Sensor Tower data showed. In the March quarter, Tencent broke out numbers for its "fintech and business services" division for the first time. That included revenue it received from payments via WeChat Pay and other financial services products like micro-loans. It also included cloud computing revenue. That division accounted for over 25% of revenue in the first quarter, making it the second-largest business for Tencent., is looking to become more profitable, according to analysts.
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