Tim Culpan, Columnist

Tencent Shows It's Rough Even After the Storm Clears

The Chinese tech giant had a greater quarter amid the pandemic. Now it faces headwinds.

May 13, 2020 at 1:30 PM UTC

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

Is it clearing skies for Tencent or the eye of the storm? — Is it clearing skies for Tencent or the eye of the storm?
Photographer: Giulia Marchi/Bloomberg

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Tencent Holdings Ltd. just posted the best Covid-19 quarter that investors could hope for.

Revenue from gaming rose the most in years, video subscriptions climbed, and even advertising grew as consumers spent far more time on Tencent’s suite of apps.