Tencent posts unexpected quarterly profit on strong gaming demand

A Tencent sign during the fourth World Internet Conference in Wuzhen, Zhejiang Province, China, December 3, 2017. /Reuters

Chinese tech giant Tencent Holdings Ltd. posted an overestimated 37 percent quarterly net profit increase, thanks to its strong video game performance, even as the nation's largest social media platform WeChat faces sanctions by U.S. President Donald Trump.