Alarm bells as China’s most valuable company posts first-ever revenue decline - Sydney Morning Herald

China’s slumping economy is hitting its corporate giants with Tencent slashing staff and reporting its first revenue decline in history.

But chief strategy officer James Mitchell dismissed a Reuters report that Tencent was in touch with financial advisors about selling all or much of its $US24 billion stake in food delivery giant Meit… [+2287 chars]

full article...