Tencent’s annual revenue drops for first time as China crackdown bites
By Josh Ye (Reuters) -Tencent Holdings reported a drop in annual revenue for the first time ever, as China’s economic slowdown due to the pandemic and a long-running regulatory crackdown took a toll. The world’s largest video game company and the operator of the WeChat messaging platform posted a revenue of 554.55 billion yuan ($81 billion) for 2022, down 1% from a year earlier. Analysts on an average had expected […]