The Chinese Tech Giant Is Reporting A Revenue Decline For The First Time
Bobby Yip | Reuters Tencent posted its first quarterly year-over-year revenue decline as tighter regulations on gambling in China and a resurgence of Covid-19 in the world’s second-largest economy hit the tech giant. Here’s how Tencent did in the second quarter, versus Refinitiv’s consensus estimates: Revenue: 134.03 billion Chinese yuan ($19.78 billion) versus an expected 134.6 billion yuan, down 3% year-over-year. Profit attributable to the company’s shareholders: 18.62 billion yuan versus 25....