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Tencent Warns of More China Curbs After Growth Sputters

Aug.18 — Tencent Holding Ltd.’s revenue increased at its slowest pace since 2019 after China’s expanding tech crackdown hit its mobile gaming empire. And the company, which also operates social media platform WeChat, warned investors to brace for more regulatory curbs. Stephen Engle reports on “Bloomberg Daybreak: Australia.”

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Aug.18 — Tencent Holding Ltd.’s revenue increased at its slowest pace since 2019 after China’s expanding tech crackdown hit its mobile gaming empire. And the company, which also operates social media platform WeChat, warned investors to brace for more regulatory curbs. Stephen Engle reports on “Bloomberg Daybreak: Australia.”

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1 Comment

  1. Godspeedmax

    August 19, 2021 at 12:39 am

    China wants to make sure what has happened in the US doesn’t happens there. They don’t want companies being more powerful than the govt. especially not partisan corporate virtue signaling

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Bloomberg Technology

Nvidia’s Huang Calls AI Jobs Concerns ‘Nonsense’

Nvidia’s Jensen Huang calls concerns of AI taking jobs “complete nonsense,” saying instead that companies are hiring more software engineers due to the abilities of new agentic AI features. ——– Like this video? Subscribe to Bloomberg Technology on YouTube:   Watch the latest full episodes of “Bloomberg Technology” with Caroline Hyde and Ed Ludlow here:…

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Nvidia’s Jensen Huang calls concerns of AI taking jobs “complete nonsense,” saying instead that companies are hiring more software engineers due to the abilities of new agentic AI features.
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Nvidia Enters the Laptop Market with Superchip, Taking on Intel and AMD

Nvidia is entering the PC market with a new superchip. With Windows running on the chips, the company is going head-to-head with Intel and AMD, Tom Mackenzie explains. ——– Like this video? Subscribe to Bloomberg Technology on YouTube:   Watch the latest full episodes of “Bloomberg Technology” with Caroline Hyde and Ed Ludlow here:  …

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Nvidia is entering the PC market with a new superchip. With Windows running on the chips, the company is going head-to-head with Intel and AMD, Tom Mackenzie explains.
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Anthropic Files Confidentially for IPO in Race With OpenAI

Anthropic has confidentially submitted draft paperwork for a public listing, potentially leapfrogging longtime rival OpenAI in the race toward a Wall Street debut as soon as this fall. Edward Ludlow reports. Original filename: anthropic2.mp4 ——– Like this video? Subscribe to Bloomberg Technology on YouTube:   Watch the latest full episodes of “Bloomberg Technology” with Caroline…

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Anthropic has confidentially submitted draft paperwork for a public listing, potentially leapfrogging longtime rival OpenAI in the race toward a Wall Street debut as soon as this fall. Edward Ludlow reports.

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