Tencent Soars Past Revenue Expectations in Earnings Report
May 17, 2023 at 12:37 PM EDT
Tencent, one of China’s tech and entertainment giants, announced noteworthy revenue gains in its earnings report. The rebound is reflective of China’s ongoing economic recovery, which the KraneShares CSI China Internet ETF (KWEB) is positioned to capture. In the earnings release on Wednesday, Tencent’s revenue rose 11% for the quarter, reported CNBC. It’s the fastest [...] The post Tencent Soars Past Revenue Expectations in Earnings Report appeared first on ETF Trends .