16-08-2018 12:19 via thedrum.com

Ignore Tencent's troubles - it's not game over yet

Anything Facebook can do, Tencent can do better. Unfortunately, this includes poor results wiping billions off the company’s value. Facebook’s poor growth figures last month made history as the largest one-day market cap loss ever in the US, wiping $119bn off its value. Tencent has just lost over $175bn in value since its stock peaked in January of this year, and now it has posted profits that fall very short of analyst predictions.
Why? The disappointing figures have primarily been
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