SINGAPORE— Tencent Holdings Ltd., the Chinese social-media and videogame behemoth, mentioned its income in the fourth quarter slowed to its weakest tempo in almost twenty years, as a yearlong regulatory crackdown on China’s expertise sector and weakening consumption weighed on gross sales.
The world’s largest videogame developer mentioned Wednesday income for the October-to-December interval rose 7.9% to 144.19 billion yuan, equal to $22.65 billion. That missed expectations of analysts polled by FactSet and marked the corporate’s worst top-line development because it went public in 2004.
