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8 months ago

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Breakingviews - China slowdown creates cheap thrills for Tencent

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Breakingviews - China slowdown creates cheap thrills for Tencent

China's economic woes have gifted Tencent an unexpected silver lining. The $400 billion technology titan on Wednesday unveiled quarterly sales growth that was a tad disappointing. But the country's gloomy economic backdrop is prompting consumers to shift spending to low-cost entertainment. That should boost the company's lucrative video-games and advertising businesses.

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Breakingviews - China slowdown creates cheap thrills for Tencent

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Breakingviews - China slowdown creates cheap thrills for Tencent

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