Tencent to Recover Strongly in the Fourth Quarter
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Tencent Holdings may be able to recover from its 2022 reduction, which included many layoffs, shutdowns, and investment exits. In 2023, the macroeconomic environment will improve, which will benefit the advertising and gaming industries. This will benefit the corporation after it has reduced its personnel, shut down businesses, and abandoned investments. The computer giant slashed 7,377 workers as cloud computing and video streaming become loss-making industries. The WeChat operator also shut down its operations, affecting at least 40 items. Last November, the corporation declared a special dividend of 90% of its ownership in Meituan to current shareholders.
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