font size Chinese internet giant Tencent reported its lowest annual profit since 2019 on Wednesday, despite China’s economy improving slightly of late and regulators taking a more relaxed approach to the tech industry. Tencent’s net profit totaled 115.2 billion yuan ($16 billion) in 2023, according to its annual performance report filed with the Hong Kong Stock Exchange. pfc/je/lb
Chinese internet giant Tencent reported its lowest annual profit since 2019 on Wednesday, despite China’s economy improving slightly of late and regulators taking a more relaxed approach to the tech industry.
Tencent’s net profit totaled 115.2 billion yuan ($16 billion) in 2023, according to its annual performance report filed with the Hong Kong Stock Exchange.
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