News Snapshot:
Tencent Holdings Ltd . cautiously reassured investors about an antitrust crackdown by Chinese regulators, in the most extensive public remarks by any of the country’s major technology companies since proposed regulations hammered their stocks this week. President Martin Lau provided the company’s best assessment of a regulatory paper released just two days earlier, after Tencent reported 29% revenue growth in the third quarter from a Covid-era boom in gaming demand. He explained the WeChat-operator supports the government’s goals of fair competition and its social media and entertainment empire operates within competitive fields. He also made clear the company will comply...
