Tencent awaits more regulation from Beijing as gaming revenue slips


Source: nikkei.com nikkei.com

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Quarterly revenues from WeChat Pay and other financial technology and business services jumped 40% from a year before. © Reuters NIKKI SUN, Nikkei staff writer August 18, 2021 18:53 JST Updated on August 19, 2021 01:12 JST | China Copy Copied HONG KONG -- The Chinese tech group Tencent Holdings has told investors to expect more regulation of the internet in the near future, as Beijing increases pressure on issues ranging from data privacy to protection of minors. The prediction came as the company reported a better-than-expected quarterly profit thanks to its thriving advertising and services businesses. But China's crackdown...