Tuesday, 28 September 2021

Tag Archives: Tencent

Tencent profits drop as China puts squeeze on online games

BEIJING: China’s Tencent reported a quarterly drop in net income Wednesday, amid an apparent regulatory squeeze on the tech giant’s online gaming business. Total revenues for the quarter rose by 30 percent year-on-year to 73.68 billion yuan ($10.65 billion) while online games revenue increased 6 percent to 25.20 billion yuan, ...

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