Tencent Holdings reported a weaker-than-expected revenue growth in the fourth quarter, with a 7% increase year-over-year to approximately $21.6 billion, missing the estimated $21.8 billion. This comes amid a broader economic slowdown in China, affecting its gaming and social media portfolios. Despite this, Tencent Music saw a surge in profits in 2023, attributed to growth in paid subscriptions, even as its social business took a hit. The company's overall quarterly performance reflects the challenges of China's faltering economic recovery. Additionally, Tencent announced plans to double its stock buyback program to more than $12.8 billion, aiming to bolster investor confidence. The company's net income also fell short of expectations, with a reported ~$3.8 billion against the estimated ~$4.6 billion. This financial turbulence comes as Tencent's fourth-quarter profit dropped significantly by 75%, highlighting the impact of the slowing Chinese economy on its operations.