Birds that stick their heads up get shot, according to a Chinese proverb. Tencent is one of the pluckiest ducks in China’s internet swamp. Results for the first quarter, released on Wednesday, once again left it flying high: revenues of Rmb73.5bn ($11.5bn) were 48 per cent above a year ago. Investors rattled by government salvos against tech giants in the west should beware of birdshot in China too
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