Tencent’s annual revenue for 2021 was up 16% compared to the previous year, slowing from the 28% growth it recorded in 2020. The internet industry has faced “fundamental changes and challenges,” Lau said during the call, adding that “new regulations have been introduced” to correct industry misbehavior and promote fair competition, user protection and data security.

Tencent Q4 earnings prompt stock tumble as China crackdown hits growth Fintech Zoom World Finance comes via ChinaTechNews.com.