China Internet heavyweight Tencent said on Wednesday net profit fell by more than half in the first three months of the year and revenue was flat as a surge of Covid in the country hit individual and businesses users. Net profit was 23.4 billion yuan, or $3.5 billion compared with 48.8 billion yuan a year ago. Revenue as little changed at 135.4 billion yuan compared with 135.3 billion yuan in the first three months of 2021. The company’s shares lost nearly 7% in U.S. over the counter trading today. Its quarterly earnings report was released after the close of trading...