Tencent posts best quarterly growth pace as profit rises 60 per cent despite tightened regulatory scrutiny of China’s Big Tech firms

Source: Tech – South China Morning PostTencent Holdings on Wednesday reported its best quarterly pace of growth, with a 60 per cent jump in profit in the three months ended December 31, despite a tough year that saw Chinese regulators tighten their scrutiny of the country’s Big Tech companies.The Shenzhen-based internet giant, which runs the world’s biggest video gaming business by revenue and China’s largest social media platform, posted a 94.9 billion yuan profit (US$14.9 billion) in the fourth quarter, up from 59.3 billion a year…Read More

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