TIM CULPAN: China’s booming Tencent woos regulators amid crackdown
Tencent is betting that the financial costs of obedience will allow it to reap the ultimate dividend of remaining in Beijing’s good graces
22 August 2021 - 00:05
Tencent Holdings’ $223bn (R3.34-trillion) portfolio of shares helped it post record earnings in the June quarter. But with regulators on the warpath, the Chinese games and social media company will be looking to profit from a different type of investment: contrition...
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