Tencent Holdings, China biggest online
firm, has reported weaker-than-expected profit for the April to June quarter.
Net
profit was 3.7bn yuan ($605m; £390m) during the period, up 18.4% from a year
earlier. However, compared to the previous quarter, profit fell 9.5%.
It
said its profit margin was hurt in part by an increase in marketing costs for
its popular chat app, WeChat.
Active
users of WeChat rose to 235.8 million during the quarter, making it one of
world's biggest messaging apps.
The
numbers represent a 176% increase from the same period last year.
Tencent,
whose services include instant messaging service QQ, microblogging site Tencent
Weibo - which is similar to Twitter - and online games, said that it would
continue to boost its presence in the apps sector.
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