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Tencent reports jump in income, misses revenue expectations

BEIJING (AFP) – Chinese Internet giant Tencent announced yesterday a 41-per-cent year-on-year jump in second-quarter net income, but missed analyst forecasts for revenue. Following a long period of meteoric growth, Chinese tech firms have faced a stringent crackdown by authorities in recent years, which weighed heavily on their profitability. Tencent’s annual increase in net income […] ....

Hong Kong , Tencent Wechat , Chinese Internet , Shenzhen Based Internet , Riot Games , Beijing Afp 8211 Chinese Internet Giant Tencent Announced 41 Per Cent Year On Jump Second Quarter Net Income , Ut Missed Analyst Forecasts For Revenue Following Long Period Meteoric Growth , Hinese Tech Firms Faced Stringent Crackdown By Authorities Recent Years , Hich Weighed Heavily Their Profitability Tencent 8217s Annual Increase Net Income Hellip ,

Tencent Reports 11% Rise in Second-Quarter Revenue Despite Gaming Challenges

Tencent, which operates WeChat messaging platform and video games, revealed that its revenue reached $20.45 billion during April-June 2023 ....

Tencent Wechat , Tencent Holdings , Netease Inc ,

China to Require all Apps to Share Business Details in New Oversight Push

China to Require all Apps to Share Business Details in New Oversight Push
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