Chinese internet giant Tencent Holdings has lost more than US$150 billion in market value since January this year. Photo: Reuters

Tencent posts first profit decline since 2005 on lower gaming revenue, investment gains

Tencent surpassed US$500 billion in market value last year, becoming the first Asian company to achieve the distinction. But its shares have declined from a January record on concerns about a slowing gaming business

Topic |   Tencent

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Chinese internet giant Tencent Holdings has lost more than US$150 billion in market value since January this year. Photo: Reuters
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