Tencent's first-quarter revenue beats estimates on strong gaming, ad growth

By Paul Carsten BEIJING (Reuters) - Tencent Holdings Ltd , China's biggest social network and online entertainment firm, on Wednesday said growth in its gaming and advertising businesses helped revenue rise 43 percent in the first quarter of 2016, beating analyst estimates. While online gaming has long been Tencent's main cash cow, expansion beyond games and advertising saw it invest 64 billion yuan last year. Supporting the investment binge, online gaming revenue rose 28 percent in January-Marc