Tencent profits plunge as Chinese tech giant grapples with Covid lockdowns, regulation
Signs for Tencent Holdings on top of an office building in Shanghai, China, on March 22, 2022. China’s Tencent reported on Wednesday that its quarterly earnings were halved from a year ago and revenues stagnated, due to cuts in advertising, e-commerce and e-commerce spending. travel companies for their worst performance since it was announced in … Read more