Tim Culpan, Columnist

Relax, Things Really Aren’t So Bad at Tencent

Management trimmed its marketing budget, and games monetization is back. That’s good news, really.

March 21, 2019 at 12:37 PM UTC

Tim Culpan is a former Bloomberg Opinion columnist covering technology in Asia. Previously, he was a technology reporter for Bloomberg News.

Game on, actually.
Photographer: Justin Chin/Bloomberg

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Oh, come on, it’s not that bad.

Okay, so maybe Tencent Holdings Ltd. did post its biggest net-income miss in, like, forever.2 And operating profit fell off a cliff. And revenue at its largest division (value-added services) climbed an anemic 9 percent.