Are more divestments in store for internet giant Tencent in 2022?

Chinese internet giant Tencent Holdings may opt for more divestments and pursue fewer acquisitions this year, according to analysts, in the wake of Beijing’s tightened regulation of the country’s Big Tech companies.Tencent founder, chairman and chief executive Pony Ma Huateng signalled such a low-key future for the company, which runs the world’s biggest video gaming business by revenue and China’s largest social media platform through super app WeChat, during his speech in a year-end meeting…

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