Tencent taps superapp WeChat for 'high quality growth'

New U.S. chips rules may impact company's chip leasing service

20231115 Tencent

China's Tencent Holdings has continued to focus on its core business while axing some loss-making operations. (Photo by Masayuki Terazawa) 

CISSY ZHOU, Nikkei staff writer

HONG KONG -- Chinese tech giant Tencent Holdings said Wednesday that the company has "moved into a high-quality revenue growth model," mainly by leveraging its superapp WeChat and continuous operating efficiency improvement.

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