Regulatory limbo hits Tencent with first profit fall in nearly 13 years

Regulatory limbo hits Tencent with first profit fall in nearly 13 years

6 years ago
Anonymous $oIHRkISgaL

https://www.reuters.com/article/us-tencent-results/regulatory-limbo-hits-tencent-with-first-profit-fall-in-nearly-13-years-idUSKBN1L0115

Chinese technology giant Tencent Holdings Ltd has "no clarity" on when it may get approval to start charging for its most popular game, it said on Wednesday, after reporting its first quarterly profit fall in nearly 13 years on weak gaming revenue.

Regulatory limbo hits Tencent with first profit fall in nearly 13 years

Aug 15, 2018, 4:37pm UTC
https://www.reuters.com/article/us-tencent-results/regulatory-limbo-hits-tencent-with-first-profit-fall-in-nearly-13-years-idUSKBN1L0115 >Chinese technology giant Tencent Holdings Ltd has "no clarity" on when it may get approval to start charging for its most popular game, it said on Wednesday, after reporting its first quarterly profit fall in nearly 13 years on weak gaming revenue.