{"id":27904,"date":"2022-03-24T18:05:34","date_gmt":"2022-03-24T18:05:34","guid":{"rendered":"https:\/\/www.africa-press.net\/south-africa\/?p=27904"},"modified":"2022-03-24T17:41:53","modified_gmt":"2022-03-24T17:41:53","slug":"tencent-declares-reckless-tech-era-over-as-growth-tanks","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/south-africa\/all-news\/tencent-declares-reckless-tech-era-over-as-growth-tanks","title":{"rendered":"Tencent declares \u2018reckless\u2019 tech era over as growth tanks"},"content":{"rendered":"

Africa-Press – South-Africa. <\/strong><\/span>Tencent pledged to embrace China\u2019s new paradigm of stricter government oversight after reporting its slowest growth on record, declaring the end of an era that nurtured some of the world\u2019s largest and most profitable corporations.<\/p>\n

Co-founder Pony Ma and President Martin Lau led executives in endorsing Beijing\u2019s year-long crackdown on Big Tech. They pointed out it mirrored a backlash against the enormous power of internet giants globally and argued more regulation will lead to healthier growth in the long run.<\/p>\n

Tencent joins Alibaba and other rivals in recognising a new phase of cautious expansion, more than a year after the start of a bruising crackdown that eventually engulfed every internet sphere from ecommerce to online gaming and education.<\/p>\n

Tencent followed Alibaba in reporting its slowest pace of quarterly growth on record as online advertising sales missed analysts\u2019 projections after they declined for the first time. And domestic gaming revenue grew a mere 1% – reflecting a months-long licensing halt that along with curbs on playtime for minors have sapped Tencent\u2019s biggest division.<\/p>\n

\u201cWe are proactively embracing changes to better align ourselves with the new industry paradigm,\u201d Lau said on a conference call after the results. \u201cWe have a long term oriented corporate culture that focuses on user value, social responsibility, technology innovations and compliance, the key elements for sustainable and healthy growth.\u201d<\/p>\n

For More News And Analysis About South-Africa<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – South-Africa. Tencent pledged to embrace China\u2019s new paradigm of stricter government oversight after reporting its slowest growth on record, declaring the end of an era that nurtured some of the world\u2019s largest and most profitable corporations. Co-founder Pony Ma and President Martin Lau led executives in endorsing Beijing\u2019s year-long crackdown on Big Tech. […]<\/p>\n","protected":false},"author":84,"featured_media":27903,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,8],"tags":[274,315,1002,1010,275,1009],"class_list":["post-27904","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-homepage-english","tag-africa-press","tag-africa-press-south-africa","tag-naspers","tag-prosus","tag-south-africa-2","tag-tencent"],"yoast_head":"\nTencent declares \u2018reckless\u2019 tech era over as growth tanks - South Africa<\/title>\n<meta name=\"description\" content=\"Tencent pledged to embrace China\u2019s new paradigm of stricter government oversight after reporting its slowest growth on r ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/south-africa\/all-news\/tencent-declares-reckless-tech-era-over-as-growth-tanks\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Tencent declares \u2018reckless\u2019 tech era over as growth tanks\" \/>\n<meta property=\"og:description\" content=\"Tencent pledged to embrace China\u2019s new paradigm of stricter government oversight after reporting its slowest growth on r ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/south-africa\/all-news\/tencent-declares-reckless-tech-era-over-as-growth-tanks\" \/>\n<meta property=\"og:site_name\" content=\"South Africa\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2022-03-24T18:05:34+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/south-africa\/sites\/31\/2022\/03\/img-623cad281ceb7.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"640\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/tencent-declares-reckless-tech-era-over-as-growth-tanks#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/tencent-declares-reckless-tech-era-over-as-growth-tanks\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Tencent declares \u2018reckless\u2019 tech era over as growth tanks\",\"datePublished\":\"2022-03-24T18:05:34+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/tencent-declares-reckless-tech-era-over-as-growth-tanks\"},\"wordCount\":246,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/tencent-declares-reckless-tech-era-over-as-growth-tanks#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/south-africa\/sites\/31\/2022\/03\/img-623cad281ceb7.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-South-Africa\",\"naspers\",\"prosus\",\"South-Africa\",\"tencent\"],\"articleSection\":[\"all news\",\"economy\",\"homepage-english\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/south-africa\/all-news\/tencent-declares-reckless-tech-era-over-as-growth-tanks#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/tencent-declares-reckless-tech-era-over-as-growth-tanks\",\"url\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/tencent-declares-reckless-tech-era-over-as-growth-tanks\",\"name\":\"Tencent declares \u2018reckless\u2019 tech era over as growth tanks - 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