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Media & Entertainment

Tencent revenue growth slows with crackdowns on gaming and tutors

Founder Pony Ma says he 'actively embraces' new regulatory environment

Tencent hopes a new mobile version of its successful “League of Legends” franchise boosts revenues in the fourth quarter.   © Reuters

HONG KONG -- Tencent Holdings reported its slowest revenue growth as a public company as Chinese regulatory pressures took a toll on both gaming and advertising revenues.

Total revenues for the Shenzhen-based company rose 13.5% in the July-September quarter from a year before to reach 142.37 billion yuan ($22.27 billion). This fell short of the 145.9 billion yuan consensus estimate of analysts surveyed by Refinitiv.

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