Tencent revenue stagnates with China crackdowns and lockdowns
Chinese internet large Tencent on Wednesday stated document-low quarterly sales growth as Beijing’s regulatory crackdown — and the united states’ economically debilitating coronavirus lockdowns — persevered to wipe out gains within the tech quarter. Revenue for the Shenzhen-primarily based company got here in at one hundred 35.5 billion yuan ($20.1 billion) within the first sector, … Read more