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Tencent's market value plunges $89 bn from anti-monopoly move

 Tencent's market value plunges $89 bn from anti-monopoly move

(ATF) China’s new rulings on internet platforms has landed with the impact of an e-commerce Black Friday event. While internet platforms smashed online retail sales records from ‘Double 11’, the share prices of top online retailers in China plummeted. Tencent was especially mauled.The newly released Anti-monopoly Guidelines on Platform Economy …

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Tencent downplays impact of new Chinese anti-monopoly rules

Tencent downplays impact of new Chinese anti-monopoly rules

(ATF) Tencent executives led by its president Martin Lau said on a quarterly earnings call with analysts on November 12 that the firm would talk with Chinese regulators to understand what they hope to achieve with their recent release of the "Antitrust Guidelines on the Platform Economy (Draft for Comment)”.Tencent …

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