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Tencent Cloud Brandvoice

New regulations have been introduced for online marketing as aspect of the widespread regulatory overhaul, and demand has also faltered as the virus and other headwinds hamstring China’s growth. Sales of on the web ads are forecast to decline for the third consecutive quarter by more than 25.five% from final year to RMB17.00 billion in the three months to the end of June. The share price tag of Tencent on the Hong Kong stock exchange fell beneath HK$200 (US$25.five) on Oct. 25, reaching a low of HK$198.six (US$25.3), a new low in far more than 5 years. His analysis is...

Lenovo, Tencent 40% Owner Of Epic Games Shares Fall In Hong Kong Stock Debacle

Lately, Tencent has levelled up its gaming arm with domestic and overseas expansions. Notably, the Chinese behemoth bought British game developer Sumo in a $1.27bn deal in July. The list of game developers that are wholly or partially owned by Tencent includes Riot Games, Epic Games, Dontnod, Activision Blizzard, Ubisoft and Paradox. The Financial Details Each day, a newspaper affiliated with Xinhua, China’s official news agency and the principal mouthpiece of the Chinese Communist Celebration, attacked the country’s gaming sector in an short article published on Tuesday morning. Coming amid the government’s ongoing crackdown on the tech business, the article...