Tencent, Pushed by China’s Gaming Crackdown, Posts Slowest Profit Growth in Two Years

Chinese gaming and social media giant Tencent posted its slowest quarterly profit growth in two years on Wednesday, hurt by a gaming crackdown, and said the outlook for the advertising sector would remain weak into next year. Net profit for the three months through September rose 3 percent to CNY 39.5 billion (roughly Rs. 45,962 … Read more

Tencent, Pushed by China’s Gaming Crackdown, Posts Slowest Profit Growth in Two Years

Chinese gaming and social media giant Tencent posted its slowest quarterly profit growth in two years on Wednesday, hurt by a gaming crackdown, and said the outlook for the advertising sector would remain weak into next year. Net profit for the three months through September rose 3 percent to CNY 39.5 billion (roughly Rs. 45,962 … Read more