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Tencent CEO Pony Ma Huateng (Photo by Ken Kobayashi)
Business

Gaming triumph not such a winner for China's Tencent

Social and political backlash underlines regulatory dangers for internet giants

HENNY SENDER, Nikkei Asian Review columnist | China

Several months ago, Sequoia Capital China, a venture capital firm, noted that traffic had dropped dramatically on Chinese websites in which it had invested, including Toutiao, a news provider, Sina Weibo, a news and microblogging site, and online education courses. "Every business has been affected," complained one venture capitalist. "It's about competing for time."  

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