Techbuzz China By Pandaily

So far in 2018, Tencent’s stock price has continued to tumble from analysts’ price targets. Today, it sits at $430 billion, a far cry from its $570 billion market cap in January. Some commentators blame the decline on Tencent’s Q2 results, which showed a 2 percent drop in earnings and was the company’s first fall in profit in nearly 13 years. What is really going on here? What is the real cause? And what does it all mean for what is arguably still China’s leading internet company? In this episode of TechBuzz China, co-hosts Ying-Ying Lu and Rui Ma take a close look at Tencent. TechBuzz first covered Tencent in episode 5, and again in episode 9. Fittingly, those episodes focused on public perception of Tencent’s ability to innovate, as well as the robustness of Tencent’s overall strategy — including against the likes of rising behemoth Toutiao. This week’s episode takes a more holistic view of the internal and external factors that may have contributed to Tencent’s poor results. Listeners will also hear expert