Bloomberg - Tencent Online Ad Revenue Slows from Bytedance Competition

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Bloomberg - Tencent Online Ad Revenue Slows from Bytedance Competition

Bloomberg - Tencent Online Ad Revenue Slows from Bytedance Competition

  • TV-G
  • 2019
  • 3mins
Aug.14 -- Tencent Holdings Ltd.’s comeback is taking a little longer than expected. China’s leading social media and gaming company posted disappointing revenue growth after rivals like ByteDance Inc. and a broader economic slowdown sapped advertising. Online ad revenue grew a worse-than-expected 16% as the internet wunderkind undercut Tencent’s efforts to load more ads into its WeChat super-app. Bloomberg's Selina Wang has more.