UK Markets closed

Why Tencent's Second-Quarter Earnings Disappointed Investors

Aug.14 -- Tencent Holdings Ltd. posted disappointing revenue growth after rivals like ByteDance Inc. and a broader economic slowdown sapped advertising. Online ad revenue grew a worse-than-expected 16% as the internet wunderkind undercut Tencent’s efforts to load more ads into its WeChat super-app. Bloomberg's Selina Wang has more on "Bloomberg Daybreak: Australia."