The Digital Source For China's Tech Innovation Since 2000

Tencent Profit Plunges 51% Amid China Covid Surge, Revenue Flat – News07trends

May 19, 2022
Source: universalpersonality.com universalpersonality.com
News Snapshot:
Signage for Tencent Holdings atop an entrance to an workplace constructing in Shanghai final month. … [+] Photographer: Qilai Shen/Bloomberg © 2022 Bloomberg Finance LP China Web heavyweight Tencent mentioned on Wednesday web revenue fell by greater than half within the first three months of the 12 months and income was flat as a surge of Covid within the nation hit particular person and companies customers. Web revenue was 23.4 billion yuan, or $3.5 billion in contrast with 48.8 billion yuan a 12 months in the past. Income as little modified at 135.4 billion yuan in contrast with 135.3 billion...
Go To Original Source →
Tags: applications | Bloomberg | Business | chairman | China | construction | Covid-19 | currency | enterprise | finance | Forbes | games | Guangdong | Hong Kong | Kuaishou | Renminbi | revenue | Shanghai | Shenzhen | social media | Software | technology | Tencent | WeChat | Yuan

Other Related News:

Mitsubishi's former Chinese joint venture eyes RHD markets, could include Australia

May 12, 2025

India has only pressed the pause button on Pakistan. It needs serious behavioural change

May 12, 2025

Why are India and Pakistan fighting?

May 12, 2025

Local Chinese community members get behind-the-scenes look at Southlake

May 12, 2025

Scientists say this bismuth-powered chip is 40% faster than Intel’s best – are silicon processors officially finished?

May 12, 2025

Canada’s electric vehicle strategy has failed, and there are lessons to learn

May 12, 2025

SANJAYOVACHA | Wars Help Promote Sales for Military Industrial Complex

May 12, 2025

Behind the scenes with identical twins Paula and Bridgette Powers after carjacking interview

May 12, 2025

Australia's economy is a basket case again. Will Jim Chalmers take it on?

May 12, 2025
  • Contact Us
  • About Us
  • Corrections and Disclosure
  • Privacy Policy
  • Terms & Conditions
  • Contact Us
  • About Us
  • Corrections and Disclosure
  • Privacy Policy
  • Terms & Conditions
© 2025 ChinaTechNews.com. A Service of Asia Media Network.
Twitter