Bogged down by gaming freeze, Tencent posts 32% profit drop

Logos of Tencent are displayed at a news conference in Hong Kong, China March 22, 2017. REUTERS/Tyrone Siu

Tencent Holdings, Asia’s second-most valuable listed firm, reported on Thursday a sharper-than-expected 32 percent fall in fourth-quarter profit, the most on record for a quarter, as a regulatory review by China weighed on its gaming business.

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