People walk past a Tencent sign at the company headquarters in Shenzhen, Guangdong province, China. Picture:REUTERS/DAVID KIRTONpartially owned by Naspers spin-off Prosus,
Tencent, which has benefited from a surge in paying users for games in China and international markets, said online games revenue rose 29% to 39.1-billion yuan. ByteDance outbid Tencent last week to acquire Shanghai-based gaming studio Moonton Technology, which is most famous for its Southeast Asia sensationTencent is also locked in litigation battles with ByteDance, which has alleged that Tencent has engaged in monopolistic behaviour. Tencent has alleged that ByteDance “illegally obtains WeChat users’ personal information”.
In a media call post-results, Tencent president Martin Lau said during the meeting, which was voluntary, “we have discussion about a broad range of topics, and the main focus is actually on creating a healthy environment for innovation to happen in China”.
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