2 min read.Updated: 18 Aug 2021, 06:01 PM ISTJACKY WONG, The Wall Street Journal
Tencent’s overseas expansion can soften the blow from regulatory ire at home
China’s Tencent has lost $411 billion in market value since January as regulatory concerns pummel the stock. Going abroad could be a way to keep growing without so much political risk—particularly for games, which haven’t shown up on foreign regulators’ radar the way social-media platforms like TikTok have.
Recommended For You
Select your Category
Internet Not Available
Wait for it…
Log in to our website to save your bookmarks. It'll just take a moment.