Tencent posts lowest annual profit since 2019
BEIJING: 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 toward 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 […]
T Kauer 
BEIJING: 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 toward 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.
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