Chinese internet giant Tencent posts lowest annual profit since 2019

Chinese internet giant Tencent posts lowest annual profit since 2019

Energy Daily

Published

Beijing (AFP) Mar 20, 2024

Chinese internet giant Tencent on Wednesday posted its lowest annual profit since 2019, despite slight improvements recently in China's economy and a more lenient attitude taken by regulators towards the tech sector. Tencent's total net profit for 2023 stood at 115.2 billion yuan ($16.0 billion), according to a filing of annual results at the Hong Kong Stock Exchange. Decades of meteoric

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