Source: South China Morning PostTencent Holdings, operator of China’s biggest social media app and the country’s biggest gaming company by revenue, reported first-quarter profits above the expected 34.4 billion yuan (US$5.3 billion), beating estimates to report a 65 per cent increase from the same period a year ago, as it braces for tighter scrutiny from Chinese regulators continuing to tighten the screws on the country’s tech sector.The Hong Kong-listed company reported a profit of 47.8 billion yuan in the quarter ended…Read More