Global top-grossing mobile game “Honor of Kings” is the gift that keeps on giving for Tencent Holdings Ltd., the Chinese internet behemoth and the world’s biggest videogame publisher by revenue.

The Shenzhen-based company reported a 70% surge in profit to 18.23 billion yuan ($2.73 billion), buoyed by revenue from “Honor of Kings” and other mobile games; triple-digit growth in payment services; and a solid increase in online…

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