Tencent reported an 11% jump in Quarterly Revenue Wednesday, marking its fastest growth in more than a year and as the company saw a big rebound in payment volumes, ad sales, and gaming. Tencent's gaming business benefited from a return to growth in domestic game sales, while CrossFire PC and CrossFire Mobile attracted returning players thanks to promotions aimed at internet cafes and additional in-game content. The Chinese tech industry as a whole faced intense scrutiny as part of a broader regulatory tightening by Beijing that began in late 2020 and wiped off more than a combined $1 trillion from the country's biggest companies. But more recently, there have been signs the central government is softening its stance toward internet titans like Tencent, Alibaba, and Didi.

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