News
Tencent misses estimates with ~$20.1B in Q1 revenue, up 0.1% YoY, as net income dropped 51% YoY to ~$3.5B; Tencent has lost ~$500B in value since its 2021 peak(Zheping Huang/Bloomberg)
Tencent misses estimates with ~$20.1B in Q1 revenue, up 0.1% YoY, as net income dropped 51% YoY to ~$3.5B; Tencent has lost ~$500B in value since its 2021 peak _ Tencent Holdings Ltd. slid more than 8% after top executives warned it will take time for Beijing to act on promises to prop up the Chinese tech sector…
