The company’s net revenue also increased nearly 75 per cent year-on-year to Rmb 2.5 billion (US$366 million), of which revenue from internet value-added services, which include games, rose nearly 91 per cent to Rmb 1.9 billion.
Tencent also made inroads in the mobile sector, with revenue from mobile value-added services increasing 52.5 per cent from 2008.
Tencent also made inroads in the mobile sector, with revenue from mobile value-added services increasing 52.5 per cent from 2008.
However, the company posted a slim 1.4 per cent year-on-year increase in online advertising revenue, to Rmb 146.6 million, which represented a more than 30 per cent drop since the fourth quarter of 2008.
Tencent attributed this loss to guarded attitudes toward adspend in the market.
Also among its most successful divisions is its instant messaging platform QQ IM, which claimed 57.5 million peak concurrent users in the quarter, up nearly 16 per cent from last year and more than nine per cent from the fourth quarter.
