HONG KONG -- Tencent Holdings' quarterly revenues have failed to grow for the first time since the company's 2004 initial public offering.
China's most valuable company by market capitalization, Tencent saw its revenue slow dramatically about a year ago as Beijing regulators tightened their grip on gaming and other sectors that had advertised heavily on company platforms, such as online tutoring. Weakening Chinese economic momentum has been another headwind.
