Why Tencent will focus more on mobile payments and cloud

Chinese social media and gaming giant Tencent has suffered in the past year as Beijing froze approvals for new online games amid a crackdown on “inappropriate” content. Facing regulatory hurdles in a major business segment, the company has been seeking new options to sustain its growth. Amid this effort, mobile payments and cloud services are seen as having the potential to emerge as key revenue growth engine, albeit at thinner profit margin.