Tencent's third-quarter net profit fell less than expected y...

Tencent's third-quarter net profit fell less than expected year-on-year, executives said they have a lot of technology and ability to explore the universe

$Tencent (TCEHY.US)$ Chinese Internet giant Tencent Holdings released a performance report. In the third quarter, Non-IFRS (Non-IFRS) net profit, which reflects the performance of its core business, fell by 2% and 7% respectively from the previous quarter. In addition, the company has significantly reduced the length of games and consumption of minors in the third quarter. Tencent executives said in the subsequent performance meeting that China’s gaming regulations for minors are not expected to extend to adults. When talking about the recent hot metauniverse, Tencent executives said that the company has a large number of technologies and capabilities to explore and develop metauniverse, believing that as long as the user experience meets regulatory requirements, China is expected to support the development of metauniverse.

Article excerpted from Reuters Financial Morning Post