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Tencent Q4 profit disappoints, but cloud and payments gain ground

Tencent Q4 profit disappoints, but cloud and payments gain ground China’s Tencent reported disappointing profits in the fourth quarter on the back of surging costs but saw emerging businesses pick up steam as it plots to diversify amid slackening gaming revenues. Net profit for the quarter slid 32 percent to 14.2 billion […]

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TikTok parent Bytedance is getting serious about games

TikTok parent Bytedance is getting serious about games A turbulent 2018 for China’s gaming market hasn’t held back newcomers. Bytedance, the world’s most valuable startup behind a collection of rising new media apps including TikTok and Jinri Toutiao, is making a further push into video games after it took control of a […]

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