18-03-2015 16:28 via uk.news.yahoo.com

Tencent looks to Facebook for inspiration as revenue growth declines

By Yimou Lee and Paul Carsten HONG KONG/BEIJING (Reuters) - Tencent Holdings Ltd, China's biggest social network and online media firm, is taking inspiration from Facebook Inc in growing advertising revenue, executives said on Wednesday, after posting its slowest revenue growth in seven years. Tencent has long depended on online gaming to generate revenue, but the company which competes on several fronts with Alibaba Group Holding Ltd and Baidu Inc, also wants to emulate Facebook's suc
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