Tencent has had a horrid year, even by tech industry standards. One year ago, the Hong Kong-listed social media group overtook Facebook in terms of market capitalisation. Today, it is worth 80 per cent of its Silicon Valley-based peer, having struggled with regulatory roadblocks, increased competition and weak sentiment as a result of the China-US trade war.
即使按照科技行業的標準，騰訊(Tencent)也度過了可怕的一年。一年前，這家在香港上市的社交媒體集團的市值超過了Facebook。如今，它的市值是Facebook的80%，艱難應對著監管障礙、競爭加劇以及中美貿易戰帶來的低迷情緒的影響。
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