Tencent Q4 net profit down 32% to $2.1B | Money Talks

Tencent Q4 net profit down 32% to $2.1B | Money Talks
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Chinese internet giant Tencent’s net earnings slumped by nearly a third in the fourth quarter. That’s as its gaming business has been struggling to secure regulatory approval for the release of new video games. China’s economic slowdown has also cooled demand for advertising. Tencent is now promising to reduce its reliance on social media services and expand its investment portfolio. Joel Flynn has more from Hong Kong. #Gaming #Naspers #Tencent

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