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Business trends

Tencent opts for strategy that fits with 'Made in China 2025'

After clashes over youth gaming, tech giant plays up industrial offering

Young boys play Tencent's game "Honour of Kings" which has been criticized for being addictive.    © Reuters

TOKYO/HONG KONG -- China's Tencent Holdings may be feeling a bit bruised after a year in which it has faced harsh criticism from Beijing over the effects of online games on children. Shares in the Chinese social media and gaming company have tumbled by a third since January and in August the group announced its first quarterly profit dip in 13 years.

So news that it plans a restructuring that will align it more closely with Beijing's "Made in China 2025" initiative is either happy coincidence or a canny move to gain favor by promoting the country's ambitions to join the ranks of U.S., Germany and Japan as a major industrial power.

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