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China gaming giant Tencent locks down building after positive covid test and bad sales numbers

August 26, 2022
Source: investmentwatchblog.com investmentwatchblog.com
News Snapshot:
Videos of employees at Tencent's Shenzhen office running away are making the rounds online. A full building lockdown is said to have been announced after a person tested positive for Covid-19. [pic.twitter.com/7M718vlGpm] — Christian Petersen-Clausen (@chris__pc) [August 25, 2022] The country’s most valuable company reported it employed 110,715 at the end of June, down 4.7% from the end of March in the first staffing cutback since 2014, according to its latest filing. Tencent revealed the net reduction after reporting its quarterly revenue missed estimates. www.bloomberg.com/news/articles/2022-08-17/tencent-s-workforce-shrinks-for-first-time-in-near-decade AC 2 Views: 2
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China Tech Buzz Topics: Bloomberg | China | Christianity | Covid-19 | gaming | Giant | Guangdong | IT | news | Office | online | online game | PC | Religion | revenue | sales | Shenzhen | social media | Tencent | Twitter

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