US Stock Market Move | TENCENTADR (TCEHY.US) rose by 7%, making a new high in over four years.

On Wednesday, TENCENTADR (TCEHY.US) saw its increase expand to 7%, reaching a new high in over four years, bringing the total market value of Tencent to $700 billion. In terms of news, the company's second-quarter revenue increased by 15% year-on-year to RMB 184.5 billion, exceeding market estimates of RMB 178.94 billion; net profit increased by 17% year-on-year. In the quarter, Tencent's research and development investment reached RMB 20.25 billion, a 17% increase year-on-year; capital expenditure also increased significantly to RMB 19.1 billion, a year-on-year increase of 119%, far surpassing the RMB 8.7 billion in the same period last year.