Tencent earned $366.4 million in Q1, net up 94%

Chinese Internet portal operator Tencent Holdings Ltd. said Wednesday its first-quarter net profit rose a better-than-expected 94% from a year earlier on higher revenue from Internet services. This figure breaks down into $278 million strictly from sales of Internet virtual goods and related services and $64.3 million from mobile sales of virtual goods and services. The remainder of Tencent's

1st China-assembled A320 to be tested in May

The first Airbus A320 aircraft assembled in China is scheduled to make a test flight in May.The flight will be held at Tianjin Airport, where a new runway is being built to facilitate trial flights of all A320 aircraft, Feng Zhijiang, head of the administrative committee of the Tianjin Free Trade Zone, said.Five A320s are currently being put together at the Tianjin final assembly line, the first