Tencent’s core gaming business delivered strong results as the Chinese technology giant contended with a cooling economy.

Tencent Holdings, operator of China’s biggest social media app and the world’s largest video gaming business by revenue, beat analyst estimates with a 47 per cent profit jump in the third quarter, helped by renewed growth in the video gaming segment.

Sometimes described as the world's largest games company in revenue terms, China's Tencent increased its net profits by 47% in the three months from July to September. Gains were driven by both its domestic and international games businesses.

Tencent posted a stronger-than-expected 47% profit surge in the third quarter, driven by gains in gaming, advertising, and cloud services, as announced on Wednesday. The Chinese social media and gaming giant reported profit attributable to shareholders rose to 53.

Michael Vi. Tencent's (OTCPK:TCEHY) (OTCPK:TCTZF) third quarter revenue grew 8% year-over-year as recovery in its gaming business gained speed. Total revenues for Tencent — a vi