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.
Already have an active account? Log in here.
Continue reading with one of these options:
Continue reading with one of these options:
Premium + Digital Edition
Ad-free access
P 80 per month
(billed annually at P 960)
- Unlimited ad-free access to website articles
- Limited offer: Subscribe today and get digital edition access for free (accessible with up to 3 devices)
TRY FREE FOR 14 DAYS
See details
See details
If you have an active account, log in
here
.