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Tencent said advertising in its nascent short video platform could become a "substantial" revenue source as other areas of its business face pressure.
Hong Kong’s Hang Seng index opened in the red on Thursday, losing 0.39% in morning trade, following a sluggish session on Wall Street on Wednesday. The U.S. Federal Reserve has indicated more...
The WeChat owner is also feeling the effects of a regulatory clampdown on gaming.
By Josh Ye HONG KONG (Reuters) -Tencent said it had shut some unprofitable businesses and promised a return to growth even if the economy stayed weak, after government clampdowns on its gaming...
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