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Tencent delivered disappointing second quarter results as the Chinese technology giant struggles with regulatory hurdles for its gaming business. The company said its net profit fell 2% to 17.9 billion yuan ($2.7 billion), well shy of the consensus analyst estimates of 19.6 billion yuan for the quarter ended June 30…

As Chinese gaming and social media behemoth Tencent Holdings contiues to make strategic moves in the content business, its publicly-listed e-publishing spinoff has made a key acquisition. China Literature is to acquire film and TV producer New Classics Media, whose Hello Mr Billionaire has made over $344M in a few…