Tencent may downsize investment and acquisitions after China’s penalty storm

Economy 01/20/22, 00:45

Chinese internet giant Tencent Holdings may choose to divest more and pursue fewer acquisitions this year, as Beijing tightens oversight of the country's Big Tech firms, South China Morning Post reported, citing analysts. During the last year-end meeting, Pony Ma Huateng, the founder and chief executive of Tencent Holdings, said that his ...

Beijing likely to support metaverse if it obeys state rules, says Tencent

China 11/11/21, 18:17

Chinese social media giant Tencent Holdings expects the communist country characterized by harsh internet censorship to support the operation of 'metaverse' virtual environment services as long as they comply with state rules, Reuters reported. While welcoming the potential for gaming business opportunities in a post-earnings call on Wednesday, Tencent publicly acknowledged the essential ...

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