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Tencent earnings creep up 3pc after China tech crackdown

November 11, 2021
Source: malaymail.com malaymail.com
News Snapshot:
A Tencent sign is seen during the China Digital Entertainment Expo and Conference (ChinaJoy) in Shanghai August 3, 2018. — Reuters pic Follow us on Instagram and subscribe to our Telegram channel for the latest updates. BEIJING, Nov 10 — Revenues of Chinese gaming and communications giant Tencent rose three per cent in the last three months, according to results published today, as Beijing cracks down on tech giants and the country’s mammoth gaming industry. China’s heavy-handed regulation of the tech and video gaming sectors in recent months has hit industry heavyweights with bumper fines and sweeping restrictions. Tencent revenues...
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Tags: Antitrust | Beijing | Bloomberg | children | China | Chinese | communications | content | crackdown | currency | development | digital | education | entertainment | Internet | online game | police | Renminbi | revenue | Shanghai | social media | technology | Tencent | WeChat | Yuan

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