Tencent Posts Solid Earnings, But China’s Game Freeze Clouds Future

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BEIJING—Fueled by promotion sales and investment gains, Tencent Holdings Ltd.’s third-quarter distinction jumped 30% notwithstanding a regulatory chokehold on videogames, a company’s biggest business.

Shenzhen-based Tencent, that also operates China’s widespread WeChat amicable network, on Wednesday posted net income of 23.3 billion yuan ($3.39 billion) for a 3 months finished Sept. 30, violence researcher expectations. Revenue rose 24% to 80.6 billion yuan, in line with forecasts.

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