Tencent profit grows after a year of aggressive cuts

China’s internet industry is undergoing a major mood shift amid economic headwinds, a slowdown after years of frantic growth and heightened regulatory scrutiny. Companies of all sizes are responding to the new normal by cutting costs, such as shrinking their workforce. Throughout the past year, gaming and social networking giant Tencent has cut as many […] Tencent profit grows after a year of aggressive cuts by Rita Liao originally published on TechCrunch...