Strong games, music and media performances between April and June helped China’s Tencent deliver a robust quarterly financial performance through the depths of the coronavirus crisis. Group revenue…
deliver a robust quarterly financial performance through the depths of the coronavirus crisis.
With China affected by COVID-19 earlier than many other economies there were contrasting trends in Tencent’s games business in the second quarter. In China, user time spent on smart phone games increased year-on-year but decreased quarter-on-quarter due to seasonality and back-to-office behavior. “Honour of Kings” was the star performer, with Supercell’s “Brawl Stars” ranked first in the iOS China download chart in June.
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