Tencent first quarter revenue beats estimates as video, social ad sales drive gains

May 13, 2015 admin beijing, biggest-social, facebook, global, internet, internet-conference, social-networks, stock-exchange, wanda-group

By Paul Carsten BEIJING (Reuters) – Tencent Holdings Ltd, China's biggest social network and online entertainment firm, posted higher-than-expected first quarter revenue as a drive to sell more advertising on its social networks and entertainment services began to pay off. Tencent's social networks are as ubiquitous in China as Facebook Inc is in many parts of the world, and the company has said it wants to emulate the success of its U.S

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Tencent first quarter revenue beats estimates as video, social ad sales drive gains