At the beginning of 2021, the trillion-dollar club almost added a new member: Tencent Holdings . However, the social media and gaming giant saw its momentum flag as China’s government ramped up the pressure on the country’s entire technology sector. Starting in July, the Shenzhen-based company has seen a merger deal blocked, been ordered to end its exclusive music licencing deals with global record labels, and suspended new user registrations on its super app, WeChat. Since the beginning of the year, its share price has gone from a high of HK$767 (US$98.70) in January to HK$446 by market close on...