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Tencent profit dives, hit by government gaming freeze

Tencent profit dives, hit by government gaming freeze
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Gaming giant Tencent Holdings, Asia’s second-most valuable listed firm, on Thursday reported a sharper-than-expected 32 percent dive of net profit in the fourth quarter.

The net profit was reduced to 14.2 billion yuan (US$2.1 billion) after gaming revenue came under pressure following a regulatory freeze last year.

Read the full story at https://www.shine.cn/biz/tech/1903211642/

SOURCE:Shine

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