Chinese tech giants Tencent, Baidu and JD.com spend more to find new revenue sources amid slowing growth

//Chinese tech giants Tencent, Baidu and JD.com spend more to find new revenue sources amid slowing growth

Chinese tech giants Tencent, Baidu and JD.com spend more to find new revenue sources amid slowing growth

Three of China’s biggest tech companies are expected to report that they ramped up or broadly maintained their pace of quarterly spending to develop new technology and push into relatively new markets, as current growth drivers stall.Used to rapid growth rates until recently, Chinese tech giants including Tencent and Baidu are seeking new revenue streams. But that has not come cheap as they shell out more to hire the best in a competitive job market and keep spending to attract customers in a…

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By | 2019-05-09T22:00:13+00:00 May 9th, 2019|Technology|Comments Off on Chinese tech giants Tencent, Baidu and JD.com spend more to find new revenue sources amid slowing growth