You are here

Tencent opens its wallet to drive growth in slowing economy

Spending goes up by 69% in Q3 to bankroll forays into content, cloud computing, online finance and video-streaming

BT_20161118_KYTENCENT18_2603359.jpg
Tencent is intent on exploring new businesses beyond its traditional stronghold, hoping to counter a long-term deceleration of the world's second largest economy.

Hong Kong

TENCENT Holdings Ltd's growing appetite for spending on new businesses helped fuel a stronger-than-expected rise in revenue despite a weakening Chinese economy.

Asia's largest Internet company ratcheted up spending by 69 per cent in the third quarter to bankroll forays

sentifi.com

Market voices on:

Powered by GET.comGetCom