The website for League of Legends, a game developed by Riot Games Inc., a subsidiary of Tencent Holdings Ltd. (Photographer: Brent Lewin/Bloomberg)  

Why Tencent Missed the Mark on Profit by Most in a Decade

(Bloomberg) -- Tencent Holdings Ltd. posted a slump in fourth-quarter earnings on increased spending as its prized games business showed signs of recovery after a brutal 2018.