Tencent Holdings’ revenue missed estimates, signalling an uneven recovery for the world’s biggest internet arena.
Signs are mounting that the Chinese economy is faltering, a potent risk for tech leaders…
Keen to rejuvenate the world’s second largest economy, the government has in recent months signalled it’s ready to unfetter the sector and conclusively end an era of unpredictable diktats. That’s yet to translate into major policies, while Chinese consumer spending remains muted because of cloudy prospects for growth and employment.
Abroad, ByteDance and PDD Holdings continue to make strides, building on expansions that began when Alibaba and Tencent were forced to show restraint. Despite rising geopolitical tensions, apps like TikTok and Temu offer a template for older peers seeking to regain pre-crackdown heights.
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