Nobody looking at Tencent’s financial statements – with its continued double-digit revenue growth and 68 per cent gross margin – would come to the conclusion that the company needs to change its business model.
Third-quarter revenue at the Chinese internet company grew 55.1 per cent to Rmb5.2bn ($780m), compared with the same period last year.
And yet, the world’s third-largest internet company by market capitalisation is working on changes that will turn its traditional strategy upside down.
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