Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

Tencent Earning Soars 60.7%, Share Falls

|Includes:NTES, Sina Corporation (SINA), SNDA, SOHU

(Source: ChinaGame) Chinese internet giant Tencent earned $282 million in the second quarter of 2010, with revenue of $687 million.

Chairman and CEO of Tencent, Ma Huateng(Pony Ma)

Net Profit of this online games and portal site operator surged 60.7% from last year, revenue also rose 62.2% in second quarter.

Before earning released,  Tencent's share traded in HongKong today fell 6.30 HKD, or 4.06%, to 148.70 HKD a share.



Disclosure: no positions
Stocks: SINA, SOHU, NTES, SNDA