Tencent Reports Its First-Ever Revenue Drop

COVID-19 lockdowns, government restrictions on game approvals and playing time, and a faltering economy that reduced ad sales....

its $24 billion interest in food delivery company Meituan (3690.HK) in order to appease domestic regulators. further reading....

Ma Huateng, chairman and CEO of Tencent, stated that during the second quarter, "we vigorously abandoned non-core industries, tightened...

56% to 18.6 billion yuan. China reduced crucial lending rates on Monday to boost demand as statistics revealed a downturn in July...

COVID curbs in the second quarter. For the first time in its history, e-commerce behemoth Alibaba Group Holding Ltd (9988.HK) a

60% of its market value as a result of Beijing's legislative campaign intended to limit the dominance of big internet firms. The $373 billion....