Tencent plays down talks of break-up despite regulatory risks, slowest ever quarterly revenue growth

//Tencent plays down talks of break-up despite regulatory risks, slowest ever quarterly revenue growth

Tencent plays down talks of break-up despite regulatory risks, slowest ever quarterly revenue growth

As executives from Tencent Holdings fielded questions from investors and analysts in its earnings call on Wednesday evening, one query appeared to have hit a nerve.When chief strategy officer James Mitchell was asked whether Tencent might spin off some of its businesses, so as to “not seem so large in the eyes of your regulators”, he quickly shifted the question to founder and chief executive Pony Ma Huateng.Before Ma had the chance to say anything, however, president Martin Lau Chi-ping spoke…

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By | 2022-03-24T10:00:24+00:00 March 24th, 2022|Technology|Comments Off on Tencent plays down talks of break-up despite regulatory risks, slowest ever quarterly revenue growth