News Snapshot:
News Tencent, the $370 billion Chinese tech giant, posts first ever revenue decline Tencent posted its first ever quarterly year-on-year revenue decline as stricter regulations around gaming in China and a resurgence of Covid hit the tech giant. Tencent posted its first ever quarterly year-on-year revenue decline as stricter regulations around gaming in China and a resurgence of Covid-19 in the world's second-largest economy hit the technology giant. Here's how Tencent did in the second quarter, versus Refinitiv consensus estimates: Revenue : 134.03 billion Chinese yuan ($19.78 billion) vs. 134.6 billion yuan expected, a decline of 3% year-on-year. Profit attributable...
