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Tencent wins some, loses some in tech turf war

Faces threat from ByteDance in advertising but catches up with Alibaba in cloud

Tencent on Wednesday reported revenue of 97 billion yuan ($13.8 billion) for the June-September quarter, a 21% increase on the year.

NEW YORK -- Chinese tech giant Tencent Holdings, whose business empire stretches from media and gaming to cloud and fintech, has been both on defense and offense lately.

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