Tencent Showing Growth in Fintech Businesses

For the first quarter of 2019, Tencent reported its slowest revenue growth since they first became public 15 years ago; despite this, they said that their earnings from fintech are making up some of the declines in other areas of the business; this is the first time that Tencent broke out earnings from their fintech and business services divisions; revenues jumped 44% driven by WeChat payments along with insurance services and cloud computing; the unit is now their second largest division and makes up a quarter of their revenues. Source