Chinese tech giant registers first drop in revenue

Tencent faced a number of headwinds in 2022, including a Covid-induced slowdown in the Chinese economy and a tougher market for games. Bobby Yip | Reuters Tencent recorded its first-ever quarterly decline in year-over-year revenue as tougher gaming regulations in China and a resurgence of Covid-19 in the world’s second-largest economy hit the tech giant. … Read more