Tencent Cloud ends pursuit of 'revenue growth at all costs'

Tencent has decided to stop spending whatever it takes to increase its cloud revenue. "For IaaS and PaaS, we are repositioning our focus on revenue growth at all costs to customer value creation and quality of growth, which should benefit our customers and margins over the longer term," president Martin Lau told investors on …

[Anonymous Coward]

unhealthy

"As a result, the industry's growth has become frothy and unhealthy,"

You mean, like the never ending flow of Epic exclusive PC games ? Yes, highly toxic I'd say.

Good to hear this may stop ...

Some games, like Hitman 3, were even downgraded to cope with Epic non existing ecosystem, in order to fit Epic.

I really hope this stops.

[Jimmy2Cows]

China's government helped apply the brakes ... but management welcomed those changes

Of course management welcomed it - in public. Any other response pretty much guarantees some quality time at a comfy re-education centre, where one can enjoy reaffirming one's loyalty to the CCP and its glorious vision.