Tencent Is Investing in Its Future
Tencent Holdings (NASDAQOTH: TCEHY) announced fourth-quarter 2017 results on Wednesday morning, detailing higher-than-expected earnings driven by the sustained momentum of its social media platforms, smartphone games, and wildly popular video-streaming services.
But the Chinese tech giant also outlined plans to ramp up strategic investments aimed at taking market share and driving long-term growth, sparking concerns from skittish investors over its near-term profitability.
With shares down aroun…
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