The logo of Tencent is seen at the company’s office in Shanghai. Photo: Reuters
The logo of Tencent is seen at the company’s office in Shanghai. Photo: Reuters
Tencent

Tencent reports no revenue growth in first quarter amid regulatory uncertainty and economic headwinds under Covid-19 challenges

  • The Hong Kong-listed internet giant posted revenue of US$20 billion for the three months ended March 31, barely up from a year ago
  • Quarterly profit fell by more than half, missing analysts’ estimates, as strict Covid control measures batter China’s economy

The logo of Tencent is seen at the company’s office in Shanghai. Photo: Reuters
The logo of Tencent is seen at the company’s office in Shanghai. Photo: Reuters
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