Tencent revenue growth slows to a crawl following China’s crackdown on tech companies

Tencent revenue growth slows to a crawl following China’s crackdown on tech companies

Tencent revenue growth slows to a crawl following China’s crackdown on tech companies Tencent Holdings has reported its slowest revenue growth on record, and cited China’s ongoing tech regulatory crackdown in a subsequent earnings call. Revenue throughout Q1 2022 reached 135.5 billion yuan, a marginal increase from 135.3 billion yuan a year ago. As such, profit for the period was 23.4 billion yuan – a 51 per cent year-on-year decrease from 47.8 billion in 2021. Tencent…

Time Stamp:

More from Pocket Gamer