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Tencent’s ad sales slump, battered by COVID-19 lockdowns and regulatory tightening

The Chinese internet giant expects recovery in advertising revenue by the end of 2022, buoyed by easing government restrictions.

5 mins read
  • As the Beijing-based app factory hits a ceiling for revenue growth, it will have to seek funds from public markets.

    Insights

    Amid sluggish growth, ByteDance seems to be preparing for Douyin’s IPO

    6 mins read

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