China’s Tencent Holdings has reported its smallest quarterly revenue growth in 18 years amid Beijing’s regulatory clampdown on big tech firms. The company recently released its Q4 and full-year financial reports for 2021. Its Q4 revenue increased 8 percent year-on-year, the slowest growth since the company went public in 2004. Its non-IFRS net profit in…
China’s Rich List Reshuffles as Business Regulations Tighten
Xi Jinping’s crackdown on business has transformed the ranking of China’s wealthiest people. As indicated by the Hurun China Rich List 2021, many familiar names dropped several places, while at least nine tycoons have had their properties auctioned by the courts. New names were seen in the top three of this year’s rich list, with…
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