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Pony Ma, speaking at Tencent's annual meeting in a stadium in Shenzhen on Monday, said that the company has been resting on its laurels in gaming while competitors have delivered new hits. Video games account for more than 30% of Tencent's revenue.
Pony Ma, speaking at Tencent's annual meeting in a stadium in Shenzhen on Monday, said that the company has been resting on its laurels in gaming while competitors have delivered new hits. Video games account for more than 30% of Tencent's revenue.
Tencent: It's A Bargain! (OTCMKTS:TCEHY) seekingalpha.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from seekingalpha.com Daily Mail and Mail on Sunday newspapers.
The land grab comes as the domestic technology sector continues to recover from several years of regulatory upheaval, which has seen many firms scale back their operations.
League of Legends Champions Korea (LCK), Korea's top-tier esports league, is expected to grapple with publicity and financial challenges despite its success in the Asian Games and World Championship last year, according to industry officials, Thursday.
Tencent Holdings' Riot Games plans to lay off 530 employees, or about 11 per cent of its staff globally, the online gaming company said on Monday (Jan 22) in a blog that included a letter to employees from CEO Dylan Jadeja. Los Angeles-based Riot, whose popular titles include "League of Legends", said team