News Snapshot:
Tencent warns of more Chinese tech curbs after growth spurts Bank & Insurance By Jacky Last updated Aug 19, 2021 Share (Bloomberg) — Tencent Holdings Ltd. warned investors to brace for more regulatory restrictions on China’s tech sector, and telegraphed that Beijing plans to extend restrictions on its internet giants. China’s largest company reported its lowest quarterly revenue growth since early 2019, underscoring the impact of a crackdown, including on the edtech sector – a major source of advertising revenue. The company’s core mobile gaming business has cooled off as it cut playtime for minors, part of Xi Jinping’s campaign...