Briefly

Shanxi's coalbed methane output up

China's coal-rich province of Shanxi extracted 1.99 billion cubic meters of coalbed methane in the first two months, up 13.6 percent year-onyear, accounting for about 79 percent of the country's total, said the provincial statistics bureau. Utilizing coalbed methane, a byproduct of coal, can help reduce risks in mining, cut greenhouse gas emissions and ease gas shortages. Shanxi is one of several Chinese regions with abundant coalbed methane resources. It houses about a third of China's estimated reserves of the energy commodity.

Tencent reports net profit, revenue growth

Chinese internet giant Tencent saw year-on-year revenue and net profit increases in 2023, according to financial results the company released on Wednesday. Tencent raked in 609 billion yuan ($86 billion) in revenue in 2023, up 10 percent year-on-year, and it made a net profit of 157.7 billion yuan, up 36 percent. Fintech and business services revenue contributed the most to the company's total top line, bringing in 203.76 billion yuan last year, with gaming revenue standing at 179.9 billion yuan.

Xinhua - China Daily