Tencent Shows Rising Cost of Compliance, Impact of China’s Slowing Economy

Tencent, the Chinese tech giant which commands dominant positions across games, music, streaming and social media, Wednesday revealed third quarter results weighed down by slowing ad sales, slowing PC games and rising costs. Revenues in the July to September period showed a 21% year-on-year increase to RMB97.2 billion . Net profits dropped 13% to [...

Italian singer Andrea Bocelli is defending embattled opera star Plácido Domingo, saying it is “absurd” that concerts have been canceled in the wake of multiple sexual-harassment allegations. “I am still appalled at what happened to this incredible artist,” Bocelli said, according to the Associated Press. “I don’t understand this. Tomorrow a lady can just come up [...

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