Dec 30, 2023 05:26 AM

BUSINESS

Tencent Executive Cedes Key Role Amid China Gaming Turmoil

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(Bloomberg) — David Wallerstein, chief exploration officer at Tencent Holdings Ltd. is leaving his management role as the company struggles with China’s ongoing efforts to curb technology, entertainment and gaming companies.

Wallerstein will move into a senior adviser role from Jan. 1, a company spokesperson confirmed. In an internal memo on late Friday seen by Bloomberg News, Wallerstein said he planned to continue contributing on topics such as climate and human health. He did not immediately respond to request for comment via LinkedIn.

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