$TCEHY Ten Cent 1st Revenue Decline Ever yoy

CNBC headline: Tencent, $TCEHY, the $370 billion Chinese tech giant, posts first ever revenue decline

PUBLISHED WED, AUG 17 20224:51 AM EDTUPDATED 13 MIN AGO

https://www.cnbc.com/2022/08/17/tencent-earnings-q2-chinese-…

:pushpin: Tencent posted its first ever quarterly year-on-year revenue decline as stricter regulations around gaming in China and a resurgence of Covid-19 in the world’s second-largest economy hit the technology giant.

:pushpin: Tencent posted revenue of 134.03 billion Chinese yuan ($19.78 billion) in the second quarter vs. 134.6 billion yuan expected, a decline of 3% year-on-year.