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COMING UP:Share Opener Variant 3

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Tencent holdings reported a big drop in earnings on Thursday profit down by thirty two percent Asia second most valuable listed firm makes money for messaging and online advertising but small phone games or it's big enough that became a problem off to Chinese regulators decided to review the gaming business Reuters pay Li in Beijing explains the gum has been saying that they want to limit the number of games on the markets and also over concern that you know there is a there is a addiction on games among children approval of new games will suspended from March to December last year the move wiped one hundred billion dollars off ten cents market value company profit for the fourth quarter just over two billion dollars well short of analyst estimates now the firm plans to expand overseas but Chinese regulators all fall from its only problem so ten cents been facing a lot of competition from local rival %HESITATION bite dance which she's %HESITATION the world's highest ValuJet's tech startup which has seventy five billion dollars validation tendons really competing with its short media apps take talk and is Chinese version though he %HESITATION which has been you know taking away a lot of traffic frontend since we chat and other platforms Tencent shares closed down about two percent in Hong Kong before the results came out they're down about a quarter on a year ago