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Tencent’s revenue grows at slowest pace in nearly two decades

Revenue from Tencent’s fintech and business services, which include its cloud business, grew 25% to 48 billion yuan (Photo: Reuters) — Revenue from Tencent’s fintech and business services, which include its cloud business, grew 25% to 48 billion yuan **(Photo: Reuters)**

2 min read . Updated: 23 Mar 2022, 06:02 PM IST Keith Zhai, The Wall Street Journal

China’s restrictions on youth gaming and the internet industry impact advertising and videogame revenue

SINGAPORE : Tencent Holdings Ltd., the Chinese social-media and videogame behemoth, said its revenue in the fourth quarter slowed to its weakest pace in nearly two decades, as a yearlong regulatory crackdown on China’s technology sector and weakening consumption weighed on sales.

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Tencent’s revenue grows at slowest pace in nearly two decades

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