Financial news

SE: Why Tencent's Second-Quarter Earnings Disappointed Investors

By  | 

Bloomberg Technology via Youtube


Aug.14 — Tencent Holdings Ltd. posted disappointing revenue growth after rivals like ByteDance Inc. and a broader economic slowdown sapped advertising. Online ad revenue grew a worse-than-expected 16% as the internet wunderkind undercut Tencent’s efforts to load more ads into its WeChat super-app. Bloomberg’s Selina Wang has more on “Bloomberg Daybreak: Australia.”

Print Friendly, PDF & Email

Hold dit netværk orienteret

READ ALSO  Why “This Sucker Is Going Down”