Pony Ma Huateng, the founder, chairman and chief executive of Tencent Holdings speaks at the opening of the 5th World Internet Conference held at Wuzhen, in eastern China's Zhejiang province, in November last year. Photo: Simon Song

Tencent plays catch-up in cloud computing services as video gaming business slows

  • The internet giant capped 2018 with a quarterly profit that missed analysts’ estimates
  • Its cloud business aims to customise services for various industries, including retail and financial services
Topic |   Tencent

TOP PICKS

Pony Ma Huateng, the founder, chairman and chief executive of Tencent Holdings speaks at the opening of the 5th World Internet Conference held at Wuzhen, in eastern China's Zhejiang province, in November last year. Photo: Simon Song
READ FULL ARTICLE
Tencent Holdings founder, chairman and chief executive Pony Ma Huateng speaks at the opening ceremony of the fifth World Internet Conference in Wuzhen, Zhejiang province, on November 7. Photo: Reuters

Tencent seeks new growth in year of transition as consumer businesses mature

  • Tencent capped its roller-coaster year with a quarterly profit that missed analysts’ estimates
  • The internet giant boosted spending on cloud and mobile payments to offset gaming slowdown
Topic |   Tencent

TOP PICKS

Tencent Holdings founder, chairman and chief executive Pony Ma Huateng speaks at the opening ceremony of the fifth World Internet Conference in Wuzhen, Zhejiang province, on November 7. Photo: Reuters
READ FULL ARTICLE