HONG KONG: Tencent posted recently its first drop in quarterly revenue since going public as the Chinese technology giant grapples with China's economic downturn, coronavirus pandemic disruptions and ongoing scrutiny from regulators.

Revenue in April to June fell 3 percent to 134 billion yuan ($19.8 billion) from the year before while profits plunged by 56 percent to 18.6 billion yuan, an earnings statement said on August 17.

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