Tencent Executive Cedes Key Role Amid China Gaming Turmoil
- David Wallerstein to become a senior adviser starting Jan. 1
- Company’s stock has been battered by China tech crackdown
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Tencent Holdings Ltd. chief exploration officer David Wallerstein is leaving his management role, the company said, as the company struggles with China’s ongoing efforts to curb technology, entertainment and gaming companies.
Wallerstein will transition into a role as a senior adviser beginning Jan. 1, a company spokesperson confirmed. In an internal memo on late Friday afternoon seen by Bloomberg News, Wallerstein said he planned to continue contributing on topics such as climate and human health. He did not immediately respond to a request for comment via LinkedIn.