The Tencent logo will be seen at the World Internet Conference (WIC) held in Wuzhen, Zhejiang Province, China on November 23, 2020.
Ally Song | Reuters
Guangzhou, China — Tencent He warned that more regulations could apply to China’s Internet sector, but said the company was “confident” that it could comply.
Comments are made by Chinese tech giants surpassing market expectations Second quarter profit up 29%, And as Beijing tightens regulatory scrutiny of the country’s Internet companies.
“We should expect more regulation in the near future,” Tencent president Martin Lau said in a statement Wednesday.
Mr Lau said Internet regulation is a “global trend”, but China is ahead of Europe and the United States in terms of “implementing a more structural regulatory framework.”
“In an industry like the Internet, given its size and importance, regulations are…
