Tencent's growth slows as child gamers switch off under new Chinese laws

After merrily speeding along for years, Chinese web giant Tencent has slowed to its lowest revenue growth since going public in 2004 - a dip that coincided with China imposing a raft of new regulations on its big internet companies. Revenue growth for Q3 2021 came in at just under ten percent year on year (YoY) landing above ¥ …

[Pascal Monett]

"put on a brave face and take Beijing’s beating on the chin"

Well, given that the alternative is a mandatory tour of China's prison system, yeah, I think I'd react like that as well.

A word of warning to CEOs of big-name multinationals : never go to China in person. Up to now, Beijing doesn't have a record for jailing foreign CEOs, but you don't want to be the person starting that record.

[Alumoi]

Oh, come on, Red Corner was just a movie. Like 1984 was just a book, not a manual.

[Snowy]

Limited pay time at home

Worry not as the foreigners will make up for it. They are expanding outside china, I believe they have purchased some none Chinesse game studios already.