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

Tencent posts first revenue decline since going public, cut 5,500 jobs in second quarter

  • The Shenzhen-based giant posted revenue of US$19.8 billion in the June quarter, down 3 per cent from a year ago
  • The company also downsized its workforce for the first time since 2014, slashing the number of employees by nearly 5,500 during the period

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