Tencent Holdings Ltd.’s revenue missed estimates after a sweeping government crackdown and Chinese economic malaise wiped out growth at the internet behemoth. And the company warned it will take time for Beijing to act on promises to prop up the Chinese tech sector. Stephen Engle reports on “Bloomberg Daybreak: Asia.”
Tencent Warns Tech Crackdown to Wind Down Only Gradually [Bloomberg]
- By The Digital Banker
