Tencent’s Profit Growth Slows After China Tightens Games Rules

South Africa News News

Tencent’s Profit Growth Slows After China Tightens Games Rules
South Africa Latest News,South Africa Headlines
  • 📰 WSJ
  • ⏱ Reading Time:
  • 16 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 63%

Tencent’s third-quarter profit edged up amid soft advertising income and continued weakness in its games business

Tencent Holdings Ltd. ’s third-quarter profit edged up 2.

5% compared with the same period in 2020, a significant slowdown from earlier this year amid soft advertising income and continued weakness in its games business., and highlighted its efforts to ensure compliance with new games regulations amid heightened regulatory scrutiny on the broader technology sector.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

WSJ /  🏆 98. in US

South Africa Latest News, South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Tencent Profits Growth at Standstill After Regulatory Change Dents Games SectorTencent Profits Growth at Standstill After Regulatory Change Dents Games SectorTencent, China’s games, video and social media giant, saw its quarterly profits growth grind to a halt in the three months to September as it adjusted to a series of regulatory crackdowns that part…
Read more »

China’s Economy Faces Risk of Yearslong Real-Estate HangoverChina’s Economy Faces Risk of Yearslong Real-Estate HangoverChina’s aggressive campaign to root out speculative real-estate activity could slow the country’s growth rate for years to come, economists say, even if a major housing correction is averted.
Read more »

Analysis: Big U.S., Brazil harvests, slow China demand ease crop shortage fearsAnalysis: Big U.S., Brazil harvests, slow China demand ease crop shortage fearsBig U.S. harvests, near-perfect weather for planting in Brazil and signs of slowing purchases by top buyer China are bolstering supplies of two of the top globally traded commodities: soy and corn.
Read more »

Kim Kardashian's Friends Reportedly Encouraged Her to 'Go For It' With Pete DavidsonKim Kardashian's Friends Reportedly Encouraged Her to 'Go For It' With Pete DavidsonBut they warned her to take things slow.
Read more »

Rogers chairman tightens his gripRogers chairman tightens his gripFor Canadian telecom tycoon Edward Rogers, power means the freedom to change one’s mind. A court ruled on Friday that the chairman of Rogers Communications was within his rights to oust five board members after they challenged his ouster of Chief Executive Joe Natale. With a reshaped board in hand, though, Rogers is throwing his weight behind Natale after all.
Read more »

Uber, Lyft making record profits as consumers pay high pricesUber, Lyft making record profits as consumers pay high pricesUber and Lyft making record profits as the pandemic wanes as consumers pay high prices.
Read more »



Render Time: 2025-04-05 09:40:35