HONG KONG -- Tencent Holdings said on Wednesday it will slash its stake in food delivery platform Meituan amid Beijing's move to curb the market dominance of technology giants like Tencent and rival Alibaba Group Holding.
China tech
Tencent cuts stake in food delivery app Meituan as Q3 sales drop
Further issuance of new game licenses expected in near future
Tencent's sales have been slowing since last year amid China’s worsening economic growth outlook and regulatory uncertainties. © Reuters
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