Tencent's quarterly profit was $1 billion

The fact that the future of the mobile and gaming markets is in China has been talked about for a long time. Now it's time to say that the future belongs to Chinese companies. Today, Tencent announced that it earned $3 billion in the first quarter of 2014. The company's profit amounted to an impressive $1 billion.

This is 60% more than Tencent earned in the same period last year. 

The mobile market has become one of the growth drivers. The number of mobile payers, according to the company's representatives, more than doubled from January to March, and revenues from mobile games tripled. 

Source: http://www.gamasutra.com

Photo: http://blog.bubbly.net

Tencent is one of the largest Internet companies in China. It was founded in 1998. Among its developments are the messengers QQ and WeChat, whose total MAU is more than 1 billion. Tencent accounts for 30% of China's mobile market.