Tencent profits plunge as Chinese tech giant grapples with Covid lockdowns, regulation - CNBC

China's Covid lockdowns have hurt advertiser sentiment, while Tencent's ad business has also taken a knock from competition from rivals.

Signage for Tencent Holdings atop an office building in Shanghai, China, on March 22, 2022. China's Tencent reported on Wednesday its quarterly profit halved from a year ago and revenues stagnated, b… [+4739 chars]

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