Tencent’s $50b gain masks a deeper long-term threat

Tencent’s $50b gain masks a deeper long-term threat

Photo: REUTERS/Jason Lee/File Photo

The Covid-19 pandemic likely barely dented Tencent Holdings Ltd.’s growth, thanks to its dominance of online spheres from gaming to social media. Now that China’s industries are emerging from the worst of the outbreak, the bigger long-term threat may be the growing posse of challengers to its internet leadership.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter