Tencent woes unnerve investors
By Luo Weiteng in Hong Kong | China Daily | Updated: 2018-08-17 07:44
Internet giant's quarterly profit dip a temporary blip on the radar, say analysts
Once dubbed the "anchor" of the benchmark Hang Seng Index, Tencent Holdings Ltd is showing signs of running out of steam as disappointing earnings and regulatory woes spook investors. But analysts said the pain will be short lived.
The Chinese technology giant sent jitters across the market with its weaker-than-expected performance in the second quarter of the year, amid mounting concerns over its ability to make money off new games as well as scrutiny from Chinese regulators.
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