Tencent, the world's third-largest internet company by market capitalisation, said yesterday that China's crackdown on mobile text messaging was starting to hurt its business.
The warning by the company, which operates the world's most popular instant messaging service and online games with titles such as Dungeon & Fighter, is an early indication that China's strict censorship regime could start to have an adverse impact on the country's internet boom.
Tencent said the visibility on the outlook for its mobile services business, which accounts for 17 per cent of its revenues, was low.
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