- Tencent Holdings ( OTCPK:TCEHY ) acknowledged it was making some personnel adjustments in its new "extended reality" business but denied it was disbanding the unit.
- A Chinese media report said the company notified that unit's staff of more than 300 that they would have two months to find new opportunities and that the unit would be closed.
- Tencent told Reuters , though, that it wasn't true that it would disband the business (which marks a rare venture into hardware for software-focused Tencent).
- Tencent says it's making adjustments to some business teams as its hardware development plans have changed, according to the report.
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Tencent 'adjusts' hardware personnel in future-focused unit