Tencent’s robust earnings belie looming regulatory challenges

//Tencent’s robust earnings belie looming regulatory challenges

Tencent’s robust earnings belie looming regulatory challenges

Tencent Holdings’ latest financial results showed that China’s most valuable technology company remains a powerful moneymaking machine, but the robust results belied the myriad challenges that the internet giant is facing amid Beijing’s regulatory scrutiny.Analysts said worries about harsher government oversight are clouding the company’s shiny earnings even after Tencent confirmed on Wednesday that founder Pony Ma Huateng had volunteered a meeting with antitrust authorities to discuss “a broad…

Article by [author-name] (c) South China Morning Post - Read full story here.

By | 2021-03-25T11:45:35+00:00 March 25th, 2021|Technology|Comments Off on Tencent’s robust earnings belie looming regulatory challenges