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Benzinga
Benzinga
World
The Bamboo Works

UNBELIEVABLE: Is tencent past the worst as government sends easing signals - Caught on Camera

Key Takeaways:

  • Tencent reported its first quarter profit fell 22.9%, but the market believes the worst is past after Beijing’s recent end to its freeze on new game approvals
  • The company believes a recent wave of government regulation could soon ease, but time will be needed for that to translate to higher revenues
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