Tencent-backed China Literature slides amid online content crackdown

Tencent-backed China Literature slides amid online content crackdown

FILE PHOTO: WeChat mascots are displayed inside Tencent office at the TIT Creativity Industry Zone in Guangzhou, China May 9, 2017. REUTERS/Bobby Yip/File Photo

One of Tencent Holdings Ltd.’s most valuable investments is sinking as China expands its crackdown on online content.

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