Tencent's expansion will likely put it into more direct competition with U.S. giants including Amazon, Microsoft and Google.
Over the past decade, Tencent has capitalized on the mobile gaming boom, owning hugely popular titles such as Honor of Kings and PUBG Mobile. Games remain its primary monetization engine, generating ...
Tencent’s TCEHY first-quarter revenue and adjusted operating profit grew by 13% and 18% year on year, respectively, led by the games and advertising businesses. The company also conducted HKD 17 ...