Internet giant Tencent increases profit
The Chinese internet giant Tencent has significantly increased its profits thanks to rising user numbers for its WeChat messenger service.
Tencent generated 10.74 billion yuan (1.56 billion Swiss francs) in the second quarter, 47 percent more than in the same period last year, it announced on Wednesday. Analysts had expected profits to rise to 9.52 billion yuan in a Bloomberg news agency survey. Turnover rose by 52 percent to 35.69 billion yuan. While WeChat had 600 million active users a year ago, it had 806 million in June of this year. The service is known as Weixin in China. WeChat works in a similar way to WhatsApp and is also available in Switzerland. Users can send messages and make calls via the app.
