Tencent has faced a number of headwinds in 2022 including a Covid-induced slowdown in the Chinese economy and a tougher market for gaming.
Bobby Yip | Reuters
Tencent said it will launch new cloud computing products aimed at overseas markets as it searches for new avenues for growth amid a slowdown in its core online video games business.
On Thursday, Tencent will host a launch event for cloud products specifically aimed at markets outside of China, including a suite of cloud-based audio and video products.
The move marks a realization that Tencent needs to find new sources of growth abroad as China’s economy slows. Besides continued pressure from Covid outbreaks, Chinese tech companies also face a tougher regulatory environment at home.
Tencent, in particular, has been hurt by stricter regulation on online games. Last year, Beijing introduced rules that cut the amount of time people…
