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Tencent hopes for gaming hit after sluggish growth

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By Marcel Grzanna

Published: March 21st, 2024,
Last updated: May 28th, 2025

Tencent Hauptsitz Peking
The growth of internet giant Tencent has suffered due to a downturn in online gaming. With a new game release, the company hopes for a turnaround. Analysts forecast triple-digit million-dollar revenues.

Due to a weak video game business, Tencent’s growth fell below expectations. Nevertheless, the Chinese internet giant announced on Wednesday its intention to double its share buybacks at least.

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