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Tencent rebuts reports claiming it will drastically increase advertising revenue

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Tencent has rebutted reports claiming it plans to increase its advertising revenue to up to 40% of its gross corporate revenue. According to tech media outlet 36Kr (in Chinese), a high-level officer at Tencent said on June 21 that in one to two years the company plans to increase its advertising revenue’s contribution to corporate gross revenue […]

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