China's Tencent fourth-quarter net income up 51 percent, misses forecasts

HONG KONG (Reuters) - Tencent Holdings Ltd, China's biggest social network and online entertainment firm, posted a 51 percent gain in fourth-quarter net income, missing estimates, as sharing and content costs took a bite out of healthy revenue growth. Net income for the quarter ending December rose to 5.95 billion yuan (648 million pounds), below estimates of 6.26 billion yuan, according to a Thomson Reuters SmartEstimate poll of 11 analysts. Revenue grew 24 percent to 20.978 billion yuan (