The month of August marked a difficult time for not only Chinese stocks, but for their investors as well. Chinese regulators continually took hard stances against technology firms, causing a steady multi-week decline across several sectors. For the Tencent Music Entertainment Group (TME), the crackdown came down on its splash advertisements (essentially mobile pop-ups) which had until then comprised 80-90% of its ad inventory.  (See Tencent Music Entertainment stock charts on TipRanks) Vincent Yu reported on the shift in tone, noting the increasing downsides for shareholders of Tencent. Yu wrote that although TME’s Q2 earnings were less than stellar, the entertainment multinational holding company still brought in record numbers of paying users.
https://www.tipranks.com/news/article/tencent-hampered-by-regulatory-uncertainty-although-upside-remains?utm_source=advfn.com&utm_medium=referral
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