Online advertising revenue surges but still dwarfs value added services for Tencent’s 4Q 2016 results

Tencent’s 4Q 2016 results saw a 44% jump in revenues to US$6.3b compared to last year, driven mainly by value added services (VAS). 
VAS revenues saw a 27% increase to $4.2bn for 4Q 2016 compared to a year ago. Online game revenues rose 16% to $2.6bn, driven mainly by contributions from major smartphone games. Social networks revenue surged 51% to $1.5bn, driven mainly by growth from the digital content services, including digital music business and virtual item sales.
Online advertis