Tencent Tries to Mitigate Layoff Fear Following Worst Quarterly Performance Since 2004

, and more positive evidence in regulatory side would promote the industry’s development, though it takes time for the regulator to review license application, so does the monetization process for the new game launch.

Executive also pointed out the recent bullish news as “clear, supportive” signals from Chinese government, citing a meeting Tuesday. The meeting, chaired by China’s Vice Premier Liu He, vowed to support the development of the tech sector and both domestic and overseas public listings for Chinese tech companies.

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