Tencent’s set for fastest growth since 2018 after Covid-19 outbreak


Tencent owed its gains to people like Huang Sihao who, for almost a month, was glued to his smartphone before going back to work. — Reuters

Tencent Holdings Ltd picked up millions of new gamers during the global coronavirus outbreak – yet that surge in mobile play may be slowing as the world’s No. 2 economy goes back to work.

The quest for entertainment among millions confined to home translated into a big boost for Tencent’s marquee games, Honor Of Kings and Peacekeeper Elite. That helped the company gain US$25bil (RM107.56bil) of market value up to March 5, before a global market rout torpedoed the stock along with the rest of the market. WeChat operator Tencent is now expected to report its fastest pace of revenue growth since 2018 when it unveils quarterly results on Wednesday, and investors will look to executives for reassurances it can sustain that pace of topline expansion.

Save 30% for ads-free and full access now!

Monthly Plan

RM13.90/month
RM9.73 only

Billed as RM9.73 for the 1st month then RM13.90 thereafters.

Annual Plan

RM12.33/month
RM8.63/month

Billed as RM103.60 for the 1st year then RM148 thereafters.

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Others Also Read


Want to listen to full audio?

Unlock unlimited access to enjoy personalise features on the TheStar.com.my

Already a member? Log In