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China's Tencent 2014 net profit up 54 percent

Chinese Internet giant Tencent said its net profit was up 54 percent at 23.81 billion yuan ($3.82 billion) in 2014 helped by "rapid development" of mobile gaming and social networking.

Games, WeChat boost Tencent profit to $949 million

China's Tencent Holdings Ltd., which operates online games and the popular WeChat messaging service, said Wednesday its quarterly profit rose 59 percent due to strong growth in its mobile business.

Web portal Sohu says profit down 20 percent

Sohu.com Inc., operator of a popular Chinese Web portal, said Monday its quarterly profit fell 20 percent due to higher expenses but revenues rose.

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