Tencent´s Q2 Profits Take Unexpected Hit as Chinese Government Cracks Down on Gaming Business
(WorldNews China)

Tencent, spurred by a regulatory crackdown from the Chinese government on its massive gaming business, reported a surprising drop in Q2 profits for the first time in more than 10 years on Wednesday. The Chinese tech giant reported a 17.9 billion yuan ($2.6 billion) profit for the quarter, a two percent decline year over year. Revenue increased 30 percent from the...