Reuters: Global Markets: Tencent shares fall 5 percent on smaller-than-expected second-quarter profit

Reuters: Global Markets Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. // via fulltextrssfeed.com

Design-Led Engineering Sourcebits - When your Mobile App has to be absolutely developed right. We've built more than 20 apps that have cracked the Top 10 in the App Store. From our sponsors

Tencent shares fall 5 percent on smaller-than-expected second-quarter profit Aug 15th 2013, 09:04 HONG KONG | Thu Aug 15, 2013 5:04am EDT HONG KONG (Reuters) - Shares of Tencent Holdings (0700.HK) fell by as much as 5 percent in Hong Kong on Thursday, trimming strong 2013 gains, after its second-quarter net profit rise came in smaller than expected. Tencent, China's largest internet company by revenue, attributed the smaller-than-expected profit increase to higher marketing costs for its WeChat social messaging service. At 0136 GMT, Tencent shares were down 5 percent at HK$351.40, its lowest since July 31. The Hang Seng Index .HSI was flat. On the year, Tencent is still up nearly 43 percent, compared with the 0.5 percent loss for the Hang Seng benchmark.

You are receiving this email because you subscribed to this feed at blogtrottr.com. If you no longer wish to receive these emails, you can unsubscribe from this feed, or manage all your subscriptions