A child plays the game "Honour of Kings" by Tencent at home in Dezhou, Shandong province, China July 2, 2017.
REUTERS/Stringer Acquire Licensing RightsHONG KONG, Aug 17 (Reuters Breakingviews) - China's economic woes have gifted Tencent (0700.HK) an unexpected silver lining.
Revenue rose a decent 11% to 149 billion yuan ($20.4 billion), but fell slightly short of the average analyst forecast compiled by Refinitiv.
That compares to the 151.7 billion yuan average analyst forecast of 21 analysts compiled by Refinitiv.
Adjusted net profit, after excluding certain one-time and non-cash items, rose 33% to 37.5 billion yuan.
Persons:
Tencent, Stringer, HONG KONG, Refinitiv, James Mitchell, pare, Alibaba, Antony Currie, Thomas Shum
Organizations:
REUTERS, Reuters, HK, Revenue, Tencent, Citi, Refinitiv, Thomson
Locations:
Dezhou, Shandong province, China, HONG, Tencent, Hong Kong