Chinese Internet giant Tencent has reported a 27 percent year on year jump in second-quarter profits on the back of strong income growth in the online gaming and advertising1 sectors2.

 

中国互联网巨头腾讯公司第二季度利润年同比增长27%，在线游戏与广告业务保持强劲的收入增长。

 

The company has taken in some 1.2 billion U.S. dollars in profits through the period.

 

Tencent's second-quarter revenues have increased 19 percent to 23.4 billion yuan.

 

It's revenues from its online advertising has surged 97 percent to 4.1 billion yuan through the 2nd quarter.

 

The sharp growth is being driven by a glut3 of new subscribers to the company's online video services, as well as a spike4 in revenues from mobile-based advertising.

 

Tencent says it currently has over 600-million people using WeChat.