Tencent Announces Restructuring Plans As Beijing Strikes Gaming Industry

China’s internet giant Tencent Holdings Ltd. announced on Sunday its first reshuffle in six years, initiated at a time it faces tighter gaming regulation in the country. The Shenzhen-based company will consolidate three content business groups, social media, mobile internet and online media operations, into one unit and create a new group for cloud and smart industries, the company said in a statement posted on its WeChat official account. Tencent will "further explore the integration of social, content and technology that …

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