Tencent has had a horrid year, even by tech industry standards. One year ago, the Hong Kong-listed social media group overtook Facebook in terms of market capitalisation. Today, it is worth 80 per cent of its Silicon Valley-based peer, having struggled with regulatory roadblocks, increased competition and weak sentiment as a result of the China-US trade war.
Investors will be looking for further signs of damage when the company’s third-quarter results are announced on Wednesday.
Government interventions in gaming
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