US stocks surged | Tencent Holdings ADR (TCEHY.US) increased by 7% to an over four-year high

According to the financial news app, on Wednesday, Tencent Holdings ADR (TCEHY.US) saw its increase expand to 7%, reaching a new high in over four years, bringing Tencent's total market value to $700 billion. On the news front, the company's second-quarter revenue increased by 15% year-on-year to 184.5 billion yuan, surpassing market expectations of 178.94 billion yuan; net profit increased by 17% year-on-year. Tencent's R&D investment for the quarter reached 20.25 billion yuan, an increase of 17% year-on-year; capital expenditures also surged to 19.1 billion yuan, a year-on-year increase of 119%, far surpassing the 8.7 billion yuan from the same period last year.