HONG KONG -- Even as investors scramble to understand how a recent policy tightening will affect China's booming internet economy, the president of Tencent Holdings says that more regulations are needed in China to reflect a "new reality."
Chinese group beats profit forecast on hit games and fintech
Tencent's logo is seen in Beijing: The company's president, Martin Lau, says the tech sector faces a "new reality." © Reuters
HONG KONG -- Even as investors scramble to understand how a recent policy tightening will affect China's booming internet economy, the president of Tencent Holdings says that more regulations are needed in China to reflect a "new reality."