Profits Slide at China’s Tencent as 2023 Revenues Hold Steady ...Middle East

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Profits Slide at China’s Tencent as 2023 Revenues Hold Steady
China’s social media, games and video giant Tencent saw 2023 revenues advance by 10% to $84.6 billion (RMB609 billion). But its net profits slid to $16.3 billion (RMB118 billion), down from $26.3 billion a year earlier. The group is directly affected by weakness in the mainland Chinese economy, which has recovered only slowly since the […]

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