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Tencent Q1 profit rises 65%

HONG KONG, May 20(Reuters) - Chinese gaming and social media giant Tencent Holdings Ltd reported on Thursday a forecast-beating 65% rise in quarterly profit.

Tencent, the world’s largest gaming firm by revenue, booked profit of 47.77 billion yuan ($7.42 billion) for the three months through March, ahead of an average analyst estimate based on Refinitiv data of 35.45 billion yuan.

$1 = 6.4355 Chinese yuan renminbi Reporting by Pei Li; Editing by Jan Harvey

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