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Tencent bets on cloud computing growth abroad amid gaming slowdown

Source: cnbc.com cnbc.com
News Snapshot:

Tencent has faced a number of headwinds in 2022 including a Covid-induced slowdown in the Chinese economy and a tougher market for gaming. Tencent said it will launch new cloud computing products aimed at overseas markets as it searches for new avenues for growth amid a slowdown in its core online video games business. On Thursday, Tencent will host a launch event for cloud products specifically aimed at markets outside of China, including a suite of cloud-based audio and video products. The move marks a realization that Tencent needs to find new sources of growth abroad as China's economy slows….

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